Loans 2 Go short-term loans

Loans 2 Go offers short-term loans of £250 to £1,000 to be repaid in weekly, fortnightly or monthly instalments.

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Loans 2 Go

In 2015, Loans 2 Go merged with competitor Logbook Loans, increasing the size of the business. The lender has headquarters in London and Manchester and 78 branches across the UK.

Loans 2 Go specialises in offering short-term loans of up to £1,000 to people who are traditionally overlooked by mainstream financial institutions. You can apply online and have the money in your bank account within just 60 minutes after approval, provided you apply in office hours. Repaying your loan on time could help you rebuild your credit rating, giving you more options for credit in the future.

Loans 2 Go is authorised and regulated by the Financial Conduct Authority.

Is high-cost, short-term borrowing a good idea?

Short-term or “payday” loans offer a fast solution when you get into unexpected difficulties with your finances, but they are a very expensive method of borrowing. So consider this option as a last resort. Short-term loans are unlikely to solve your money problems in the long term, and aren’t suitable for borrowing over longer periods, or if you have serious debt problems.

Before you apply for a short-term loan, make sure you have considered all other options. Is the expenditure that you’re planning unavoidable? If you can defer a purchase then you could save yourself money in the long run. If you’re struggling to pay a bill, then try talking to your electricity, gas, phone or water provider to see if you can work out a payment plan. Read more about alternatives to payday loans at moneyadviceservice.org.uk.

Key features of a Loans 2 Go loan:

  • Borrow £250 to £1,000.The amount for first-time customers is capped at £500.
  • Choose how you repay your loan. You can arrange your repayment dates around when you get paid, whether it is weekly, fortnightly or monthly.
  • Fast payment. If you apply in working hours, the money can be in your bank account within 60 minutes.
  • Fixed, high interest rates. With high interest rates charged daily, this is realistically an expensive way to borrow money.
  • Poor credit ratings considered. If you repay your loan on time, it can improve your credit rating and help you get back on your feet financially.
  • Early repayment. You can repay your loan in full or in part at any time without being penalised. This is recommended if you can afford to do so as it will save you money in interest.

warning icon Warning: late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.

warning icon Please note: high-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.

Table: promoted deals, sorted by total payable
How much money do you need to borrow?


How long do you need to borrow over?


Name Product Available Amounts Monthly repayment Total payable
£50 to £800
Representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative 1,333% APR and total payable £386.61 in 6 monthly payments of £64.44.
£300 to £800
Representative example: Borrow £400 for 4 months at a rate of 255.5% p.a. (fixed). Representative APR 939.5% and total payable: £597.48 in 4 payments of £149.37.
£100 to £1,000
Representative example: Borrow £400 for 6 months at a rate of 229.95% p.a. (fixed). Representative APR 720% and total payable: £707.01 in 6 monthly payments of £117.83.
£50 to £1,000
Representative example: Borrow £250 for 74 days at a rate of 292% p.a. (fixed). Representative APR 1300.5% and total payable: £398.00, in 1 payment of £74.00 and 1 payment of £324.00.
£300 to £1,000
Representative example: Borrow £500 for 5 months at a rate of 292% p.a. (fixed). Representative APR 1,297% and total payable: £867.05 in 5 instalments of £173.41.
£100 to £1,000
Representative example: Borrow £480 for 9 months at a rate of 133.1% p.a. (fixed). Representative 535% APR and total payable £959.04 in 9 monthly payments of £106.56.
£100 to £2,500
Borrow £100 for 8 months at a rate of 204% p.a. (fixed). Representative APR 567% and total payable £199.33 in 8 monthly payments of £19.93. You can repay this loan early.
£250 to £1,000
Representative example: Borrow £500 for 6 weeks at a rate of 255.5% p.a. Representative APR 839.20% and total payable: £647 in 1 payment.

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Important information: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

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How does a Loans 2 Go loan work?

  1. Use the slider on the website to select how much you wish to borrow and how long you need to repay the loan.
  2. Fill out the simple application form with your personal, employment and financial details.
  3. A member of the Loans 2 Go team will call you to discuss your borrowing options.
  4. Once accepted, you can expect the money in your bank account within 60 minutes. This is subject to you applying within the working hours of Monday to Friday, 8am to 8pm, and Saturday 8am to 5pm.

How do I pay back my loan?

Like most short-term loan providers, Loans 2 Go uses a Continuous Payment Authority (CPA) to collect the repayments from your bank account on your chosen dates.

What is a Continuous Payment Authority (CPA)?

A CPA is a recurring payment in which you give a company permission to withdraw money from your account on a regular basis.

CPA differs from direct debit because they give the company being paid the ability to withdraw money from your account whenever they wish, and to take payments of different amounts without consulting you. Most payday loan companies will use CPA to collect your repayments, however you can cancel this at any point by either consulting with your provider or your bank.

What are the eligibility requirements?

You should only apply for a Loans 2 Go loan if you are certain you can meet the repayment terms. You must also:

  • Be aged 21 or over.
  • Be permanently employed. Loans 2 Go does not accept applications from people who work for an agency, or are part-time or self-employed.
  • Be a UK resident
  • Have a UK bank account with a debit card

Loans 2 Go offers loans to both tenants and homeowners.

Did you know?

In 2015 the Financial Conduct authority (FCA) capped interest and fees on all high-cost short-term credit loans at 0.8% per day.

They additionally capped all default charges at £15 and the total cost (interest, fees) of loans at 100% of the original sum. This means you’ll never have to pay more than double the amount borrowed.

Frequently asked questions

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We exist to help you find better. The offers we've compared on this page are from a range of products whose details we can track; we don't cover every product on the market...yet. Unless we've indicated otherwise, products are shown in no particular order or ranking. The terms "best", "top", "cheap" (and variations of these) aren't product ratings, although we always explain what's great about a product when we highlight it; this is subject to our terms of use. When you make major financial decisions, it's wise to consider getting independent financial advice. Always consider your own financial circumstances when you compare products so you get what's right for you.

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