Loans

Loans 2 Go Personal Loans Review: Get Up to £2,000 Even with Poor Credit

Looking for a quick loan with no hidden fees? Loans 2 Go offers up to £2,000 with instant payout. See the details of this financial product below!

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No hidden fees and same-day funding!

Aspects of Loans 2 Go Personal Loans.
Check out the most important aspects of Loans 2 Go personal Loans and see if they meet your needs – Source: Loans 2 Go Website.

Loans 2 Go is a trusted direct lender in the UK, offering fast and flexible personal loans. With a straightforward application process and no fees, they provide financial solutions tailored to individual needs. Their loans are available for unexpected expenses, such as medical bills, car repairs, or household emergencies.

Customers can check their eligibility without affecting their credit score, ensuring a stress-free borrowing experience. With excellent customer ratings and same-day payouts, Loans 2 Go UK is a reliable option for those needing quick access to funds.

Interested? Read on to learn all the important aspects and how to apply!

  • APR: Representative 679% APR
  • Loan Purpose: Unexpected expenses, medical bills, car repairs, home emergencies
  • Loan Amounts: £250 to £2,000
  • Credit Needed: Considered even with poor credit history
  • Origination Fee: None
  • Late Fee: Not specified
  • Early Payoff Penalty: None

Information collected from the official Loans 2 Go website.

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Loans 2 Go Personal Loans

apply online up to £2,000

Get up to £2,000 today! Fast approval, no hidden fees, and same-day payout.

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Loans 2 Go Personal Loans Overview

Loans 2 Go offers personal loans between £250 and £2,000, providing flexible repayment terms of 18 or 24 months. Borrowers can choose a repayment plan that suits their financial situation, with no penalties for early repayment.

The application process is entirely online and hassle-free, allowing customers to check their eligibility instantly without affecting their credit score. If approved, funds are typically transferred within 60 minutes, ensuring quick financial relief.

Unlike many traditional lenders, Loans 2 Go considers applications from individuals with poor credit histories. Each application is reviewed based on the applicant’s current financial stability, rather than past credit issues.

Additionally, customer satisfaction is a key priority, reflected in Loans 2 Go’s Excellent rating on Feefo. Many borrowers praise the speedy processing, transparency, and convenient repayment options offered by the lender.

Loans 2 Go Personal Loans: Pros and Cons

Before applying, it is essential to consider the advantages and drawbacks of Loans 2 Go personal loans:

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Pros

  • Quick application process – Applicants can check their eligibility instantly without impacting their credit score, making it easy to determine loan approval chances before applying.
  • Same-day payout – Once approved, funds are typically transferred within 60 minutes, making it a great option for urgent financial needs.
  • No early repayment fees – Borrowers can pay off their loans early without incurring additional charges, allowing them to save on interest costs.
  • Bad credit accepted – Loans 2 Go evaluates an applicant’s financial stability instead of focusing solely on credit history, making it accessible for those with poor credit scores.
  • Strong customer ratings – With an Excellent rating on Feefo, many borrowers appreciate the lender’s fast processing, transparency, and easy-to-follow repayment terms.

Cons

  • High APR (679%) – The interest rates are significantly higher than traditional bank loans, making it an expensive borrowing option.
  • Limited loan amounts – The maximum loan amount is £2,000, which may not be sufficient for larger expenses or long-term financial needs.
  • Short repayment terms – Borrowers must repay their loans within 18 or 24 months, which may result in higher monthly payments.
  • Strict eligibility requirements – Applicants must be at least 21 years old, have a regular income, and be a UK resident to qualify.
  • Loan restrictions – Funds cannot be used for gambling, business investments, or property purchases, limiting usage flexibility.

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Minimum Credit Score

How much you can borrow with Loans 2 Go Personal Loans.
Discover the requirements to apply for the loan – Source: Loans 2 Go Website.

Loans 2 Go does not require a specific credit score, making it accessible to those with bad credit histories. Instead, the company evaluates an applicant’s current financial stability and income.

Many traditional lenders decline applicants with poor credit scores or past financial difficulties. However, Loans 2 Go considers a borrower’s overall ability to repay rather than just their credit report.

While the lender is open to various credit backgrounds, applicants must meet employment and income requirements to qualify. A stable job and regular income increase the chances of approval.

Want to Apply for the Loans 2 Go Personal Loan? We Will Help You!

Applying for a Loans 2 Go UK personal loan is simple and can be done entirely online. Here’s how to get started.

  1. Online Application: Visit the Loans 2 Go website and fill out the eligibility checker to see if you qualify.
  2. Check your eligibility: Enter your basic details on the Loans 2 Go website. Checking your eligibility won’t affect your credit score, making it a risk-free process.
  3. Flexible Repayments: Choose between 18 or 24-month terms with no early repayment fees.
  4. Receive instant feedback: Find out if you qualify without impacting your credit score.
  5. Complete the full application: If eligible, submit additional information, including your employment and income details.
  6. Receive your funds: Once approved, the money is transferred to your account on the same day.
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Loan

Loans 2 Go Personal Loans

apply online up to £2,000

Quick, easy, and hassle-free loans! Borrow up to £2,000 with no impact on your credit

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Loans 2 Go Personal Loans vs. First Direct Personal Loan

Screenshot of First Direct Website.
How about exploring other financial options available on the market? – Source: First Direct Website.

Before committing to a loan, it’s crucial to evaluate multiple financial solutions to find the best fit for your needs. Comparing lenders can help you secure the most favorable terms, ensuring a smarter borrowing decision.

When choosing between Loans 2 Go Personal Loans and First Direct Personal Loan, it’s essential to compare key factors such as loan amounts, interest rates, and eligibility requirements.

While Loans 2 Go provides fast funding for borrowers with poor credit, First Direct offers lower interest rates for those with strong credit scores.

FeatureLoans 2 Go Personal LoansFirst Direct Personal Loan
Loan Amounts£250 – £2,000£1,000 – £50,000
APRRepresentative 679% APRRepresentative 5.9% APR (for £10,000 – £30,000)
Repayment Term18 or 24 months1 to 8 years
EligibilityAccepts poor creditMust have First Direct current account, minimum annual income £10,000
Funding TimeSame dayInstant if approved
Early Repayment FeeNone28 days’ interest for loans ≤12 months; 1 month’s interest + 28 days for longer loans

For those who need quick access to cash with flexible eligibility, Loans 2 Go is a great option. However, for those with good credit looking for lower interest rates, First Direct Personal Loan may be the better choice.

First Direct Personal Loan

Looking for a reliable personal loan? First Direct offers up to £50,000 with fixed repayments and fast approval. Learn how to apply today!

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