Loans 2 Go loans

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

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Loans 2 Go

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

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.

Loans 2 Go Short Term Loan

Loans 2 Go Short Term Loan

  • Borrow from £250 to £1,000
  • Self-employed considered
  • Money in your bank account within 15 mins of approval

Representative example: Borrow £550 for 18 months at a flat rate of 207.6% p.a. (fixed). Representative APR 1013.3% and total payable £2262.78 in 18 monthly payments of £125.71.

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Compare loans from Loans 2 Go with other lenders

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


How long do you need to borrow for?


Name Product Available Amounts Monthly repayment Total payable Link
Lending Stream Instalment Loan
£50 to £1,500
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.
Savvy.co.uk Personal Loan
£300 to £3,000
Representative example: Borrow £1,000 for 12 months at a rate of 152.33% p.a. (fixed). Representative 352.7% APR and total payable £1,999.92 in 12 monthly payments of £166.66.
The Money Platform Short Term Loan
£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.
QuidMarket Short Term Loan
£300 to £1,500
Representative example: Borrow £300 for 3 months at a rate of 292% p.a. (fixed). Representative APR 1,301% and total payable: £454.37 in 3 instalments of £151.46.
CASH4UNOW Short Term Loan
£150 to £1,000
Representative example: Borrow £200 for 4 months at a rate of 292% p.a. (fixed). Representative APR 1314% and total payable: £332.00, in 4 payments of £83.00.
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Compare up to 4 providers

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

We compare payday/short-term loans from

Lending Stream Instalment Loan
Savvy.co.uk Personal Loan
The Money Platform Short Term Loan
QuidMarket Short Term Loan
CASH4UNOW Short Term Loan

Key features of a Loans 2 Go loan

In 2015, Loans 2 Go merged with competitor Logbook Loans, increasing the size of the business. The lender, based in London, offers unsecured loans with a standard term of 18 months and a representative APR of 1,013.3%.

Loans 2 Go specialises in offering 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 15 minutes of 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.

Product NameLoans 2 Go Short Term Loan
Available Amounts£250 to £1,000
New customer maximum£1,000
Loan termsto 18 months
Maximum APR1,276.1%
Soft search eligibility check
Instant decision in most cases
Funding speedYou can expect the money in your bank account within 15 minutes of approval (this is subject to you applying within the working hours of Monday to Friday, 8am to 8pm, and Saturday 8am to 5pm).
Repayment period optionsMonthly
Weekly
Fortnightly
Default repayment methodContinuous payment authority
Additional repayment methodsOnline payment
Repay early at any point
FCA registration number679836
LinkCheck eligibility
More Info

How does a Loans 2 Go loan work?

  1. Use the slider on the website to select how much you wish to borrow.
  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 15 minutes. This is subject to you applying within the working hours of Monday to Friday, 8am to 8pm, and Saturday 8am to 5pm.

Loans 2 GO customers can then manage their loan via the Loans 2 Go login page.

How much does Loans 2 Go cost?

Loans 2 Go loans have a representative APR of 989.9%, or a representative APR of 450.5% for Logbook loans. The precise cost of your loan will depend on the size and terms of your loan, as well as how long you take to pay it back.

You won’t be charged any fees when you take out a loan, but may be charged if you fail to make your repayments on time.

Example

Loan amount: £400
Loan term: 18 months (with monthly repayments)
Interest rate: 205.2% p.a.
Representative APR: 989.9%

Total cost: £1,631.16

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:

ResidencyUK resident
Minimum age21
Applications from self-employed considered
Applicant with CCJsApplicants with CCJs are considered
Additional eligibility notesYou must be currently in employment with a regular income.
You must have a UK bank account.
LinkCheck eligibility
More Info

Loans 2 Go offers loans to both tenants and homeowners.

Is Loans 2 Go safe?

Loans 2 Go is a registered lender and is authorised and regulated by the FCA.

While it is safe to get a loan from Loans 2 Go, short-term loan products such as those offered by Loans 2 Go can cause serious financial difficulties and should only be considered as a last resort.

How do I pay back my loan?

Like many high-cost loan providers, Loans 2 Go uses a continuous payment authority (CPA) to collect the repayments from your bank account on your chosen dates.

You can make repayments on a weekly, fortnightly or monthly basis. You can also make early repayments on the loan, but may be charged additional interest if you pay the loan off early in full.

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.

A CPA differs from direct debit because it gives the company being paid the ability to withdraw money from your account whenever it wants to, and to take payments of different amounts without consulting you. Many loan companies will use a CPA to collect your repayments. However, you can cancel this at any point by either consulting with your provider or your bank.

Additional borrowing options

Repay early at any point
Repaying early can reduce overall interest
Multiple loans allowed at the same time
Phone number0330 400 6000
LinkCheck eligibility
More Info

Bottom line

Borrowing £400 from Loans 2 Go over 18 months would mean repaying £1,631.16 in total, at the representative APR. High-cost 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. High-cost loans are unlikely to solve your money problems in the long term if you have serious debt problems.

It’s wise to consider all other options before you take out a high-cost loan. 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 loan alternatives at moneyadviceservice.org.uk.

Did you know?

In 2015 the Financial Conduct authority (FCA) capped interest and fees on all high-cost credit loans at 0.8% per day for loans that last less than a year (or where the loan has been at least substantially repaid within a year).

The FCA additionally capped all default charges at £15 and the total cost (interest, fees) of these loans at 100% of the original sum. This means you wouldn’t have to pay more than double the amount borrowed on a loan that lasts less than a year.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though 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, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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