{"id":117386,"date":"2018-07-10T11:15:06","date_gmt":"2018-07-10T10:15:06","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?page_id=117386"},"modified":"2026-01-06T09:01:42","modified_gmt":"2026-01-06T09:01:42","slug":"loans-2-go","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/personal-loans\/loans-2-go","title":{"rendered":"Loans 2 Go loans"},"content":{"rendered":"

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

Late repayments can cause you serious money problems. See our debt help<\/a> guides.<\/p><\/div><\/article>

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 terms of either 18 months or 24 months and a representative APR of 679%.<\/p>

Loans 2 Go specialises in offering loans of \u00a3250 to \u00a32,000 to people 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 during office hours. Repaying your loan on time could help you rebuild your credit rating, giving you more options for credit in the future.<\/p>

Loans 2 Go is authorised and regulated by the Financial Conduct Authority.<\/p>

Key features of a Loans 2 Go loan<\/h3>\n
\n \n
Loan amounts<\/th>\u00a3250 to \u00a32,000<\/td><\/tr>
Loan terms<\/th>18 months or 24 months<\/td><\/tr>
Fee<\/th>Varies<\/td><\/tr>
Same-day funding available<\/th><\/use><\/svg><\/td><\/tr>
Instant decisions in most cases<\/th><\/use><\/svg><\/td><\/tr>
Overpay without penalty<\/th><\/use><\/svg>
<\/span><\/td><\/tr>\n <\/tbody>\n <\/table><\/div>\n

How does a Loans 2 Go loan work?<\/h3>
  1. Use the slider on the website to select how much you wish to borrow.<\/li>
  2. Fill out the simple application form with your personal, employment and financial details.<\/li>
  3. 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 4pm.<\/li><\/ol>

    Loans 2 Go customers can then manage their loan via the Loans 2 Go portal.<\/p><\/div><\/div><\/div>

    How much does Loans 2 Go cost?<\/h3>

    Loans 2 Go loans have a representative APR of 679%. The precise cost depends on the loan\u2019s size and terms, as well as how long you take to pay it back. You won\u2019t be charged any fees when you take out a loan. <\/p>

    Example<\/h4>

    Loan amount: \u00a3550
    Loan term: 18 months (with monthly repayments)
    Interest rate: 180% p.a.
    Representative APR: 770%<\/p>

    Total cost: \u00a32,035.08<\/strong><\/p><\/div><\/article><\/div><\/div><\/div>

    What are the eligibility requirements?<\/h3>

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

    • Be 21 years or older<\/li>
    • Be a UK resident<\/li>
    • Be in employment with a regular income<\/li>
    • Be a UK bank account holder on a debit card<\/li><\/ul>

      Loans 2 Go offers loans to both tenants and homeowners, and may consider applicants with poor credit or a county court judgment (CCJ).<\/p>

      Is Loans 2 Go safe?<\/h3>

      Loans 2 Go is a registered lender authorised and regulated by the FCA.<\/p><\/div><\/div><\/div>

      How do I pay back my loan?<\/h3>

      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.<\/p>

      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. <\/p>

      \n
      \n

      \n \n \n <\/circle>\n <\/path>\n <\/svg>\n <\/span>\n What is a continuous payment authority (CPA)?<\/span>\n <\/h4>\n
      \n

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

      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 use a CPA to collect your repayments. However, you can cancel this at any point by consulting with either your bank or provider.\n <\/p><\/div>\n <\/div>\n<\/div>\n<\/div><\/div><\/div>

      Customer support information<\/h3>

      You can contact Loans 2 Go via email hello@loans2go.co.uk or through its online form on the website.<\/p>

      Customer reviews<\/h3>

      Loans 2 Go has a \u201cGreat\u201d rating on review platform Trustpilot with 4.0 out of 5, based on over 2,900 reviews (updated March 2024). Customers commended the excellent customer service, simple application process and quick transfer of funds. <\/p>

      Our verdict<\/h3>

      Loans 2 Go offers speedy access to funds for individuals with poor credit, with money deposited within 15 minutes of approval. However, its high APR and limited loan terms may deter some borrowers, especially those seeking more favorable repayment conditions.<\/p>

      It\u2019s wise to consider all other options before you take out a high cost loan. Is the expenditure you\u2019re planning unavoidable? If you can defer a purchase, you could save yourself money in the long run. If you\u2019re 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.<\/p> \n