Loans 2 Go is a UK-based direct lender that provides online personal loans ranging from 290 € to 2,320 €, with repayment terms between 18 and 24 months depending on your circumstances. The representative APR can be notably high (up to 679%) and there are no setup or early repayment fees. Applications are assessed quickly with a promise of same day fund transfers once approved, making it an attractive option for urgent needs.

How to Apply: Step by Step

First, check your eligibility by selecting your desired loan amount and answering a few simple questions. This eligibility check does not impact your credit score.

If provisionally accepted, proceed by completing the full application form online. You will need to provide additional details for verification.

Once your application is fully approved, the loan is typically transferred to your bank account the same day, provided processing occurs within working hours.

Terms and rates will be personalized based on your financial situation and credit check results before final commitment.

The process is designed to be transparent and straightforward, with clear information at every stage to help you make an informed decision.

Main Advantages

One of the key strengths is the speed of payout, ideal for those who need fast access to funds in emergencies or for unexpected expenses.

There are also no setup or administration fees, and checking your eligibility will not harm your credit score, making it easy to explore your options risk-free.

Drawbacks to Consider

The major downside is the high APR, which significantly increases the overall repayment amount. This loan might not be suitable for long-term borrowing requirements.

Additionally, late payments may impact your credit rating and result in further financial difficulties, so careful budgeting is essential before applying.

Our Verdict

Loans 2 Go is best suited for those who need a quick, small loan and can commit to the high interest rates and short repayment term. It is a convenient and easy platform for emergency cash, but always weigh the total repayment cost to ensure it fits your personal financial circumstances.