Loans 2 Go is a well-established direct lender in the UK, offering personal loans ranging from £250 up to £2,000. Their loans are available over 18 to 24 months, and you won’t face any upfront set-up fees. With a maximum representative APR of 679%, the exact interest rate will depend on your individual circumstances. Notably, Loans 2 Go is committed to transparency—there are no early repayment penalties and they guarantee a quick decision without impacting your credit score.

How to Apply: Step by Step

Getting started is simple: select your desired loan amount and complete a brief eligibility check—this process won’t affect your credit record. If you’re provisionally accepted, proceed to the full application, where you’ll provide details about your employment, address, and UK bank account. Once approved, Loans 2 Go aims to transfer funds on the same day during their business hours.

Pros

First, there are no set-up fees or early repayment charges, making the product attractive to those seeking flexibility and value. The process is fast—applicants can check eligibility online quickly, and if approved during business hours, receive their funds the same day. Further, the company’s Feefo rating suggests strong customer satisfaction.

Cons

The significant downside is the high representative APR, which makes this loan a costly option, especially for longer-term borrowing. As with all loans, late repayment can have serious financial consequences, including further fees and potential damage to your credit profile.

Verdict

Loans 2 Go is best suited to those needing quick access to a small personal loan with minimum fuss, and who have a clear plan for repayment. While the cost can be high, the transparency of fees, no upfront costs, and same-day payout make this a competitive offer in its niche. Always consider alternatives and ensure you can handle repayments before taking out this type of loan.