Loans 2 Go offers personal loans from £250 to £2,000 with clear and simple terms. The interest rate is representative at 679% APR over 18 months for a typical loan. There are no upfront or early repayment fees, meaning you only pay for the time you use the loan. The repayment period is either 18 or 24 months, based on your circumstances.

How to Apply for a Loans 2 Go Personal Loan

1. Check your eligibility with no impact on your credit score.
2. Complete the quick online application form, indicating your desired loan amount.
3. Receive an instant decision right after submitting your application.
4. If approved, your money will usually be sent directly to your bank account the same day.

Pros of Loans 2 Go

First, the process is extremely fast, providing immediate decisions and quick payouts. You can access funds on the same day you apply if approved.

Additionally, there are no hidden fees. No setup fees and no penalties for early repayments make budgeting easier. The application has no effect on your credit score unless you proceed with the loan.

Cons of Loans 2 Go

The most notable downside is the high interest rate, with a representative APR of 679%. This makes it an expensive short-term solution for borrowing.

Also, loan amounts are capped at £2,000 and are only available to UK residents with regular employment and a debit card.

Verdict

For those in the UK needing emergency funds fast, Loans 2 Go delivers on speed and convenience. Consider your ability to repay before applying due to the high interest rates.