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

Who are Loans 2 Go?

Loans 2 Go is the trading name of Loans 2 Go Ltd; established over 20 years, they are an industry leader in the provision of alternative, affordable personal loans. Loans 2 Go continues to develop innovative approaches to lending, customer service and account management.

Loans 2 Go provides loans with flexible terms to those seeking an alternative to more traditional forms of credit.

Loans2Go

What sort of unsecured loans are available with Loans 2 Go?

Loans range from as little as £250 up to £2,000.

How much interest do Loans 2 Go charge?

Loans 2 Go offers various rates depending on the product you choose. Their most popular unsecured product is 770% APR Representative.

To understand how this works, if you borrow £550 over 18 months at a flat rate of 180% per annum (fixed) with a representative 770% APR you will make 18 monthly payments of £113.06, repaying £2,035.08 in total.

Loans can only be repaid over an 18 month instalment plan. There is no other variation available for unsecured loans.

What sort of payment plans are available?

Depending on the chosen product and amount you borrow, loans can be repaid over an 18 or 24 month instalment plan weekly, bi-weekly or monthly.

Will they allow customers to repay their loans early?

You will have the option to pay off the loan early and there are no early repayment fees. You may also be eligible for an early repayment discount. You can do so via phone or their online portal.

Can you manage your account online?

Yes, successful applicants will be given their own online account where they can also make payments and manage their loan.

Do Loans 2 Go have an app?

At present, there is no app but one is planned for the near future.

Are there any late payment fees?

There are no late payment fees. You may however incur charges if you fail to make your payments on time such as court fees or repossession expense for the vehicle if you previously have their legacy logbook loan product.

How soon will Loans 2 Go transfer the money?

Once the loan agreement has been signed and fully approved, you should expect the money in 15 minutes. Subject to Loans 2 Go’s opening hours.

How do you apply for a loan with Loans 2 Go?

While people with poor credit and CCJs can apply, anyone wanting to take out a loan has to be:

  • At least 21-years-old
  • A current UK resident with an active UK bank account
  • In employment receiving a regular income
  • Applicants need to complete the online form and provide the necessary information. Once this has been received, expect a decision in principle while it is triple checked by their team
  • Some applications may require additional, supporting information to proceed with a loan. This may include photo ID, bank statements or pay slips.

What’s the best way to contact their customer service team?

Loans 2 Go can be contacted via email at hello@loans2go.co.uk, via phone on 0330 400 6000 or via Whatsapp on 07741 903 315.

Opening hours for new loan applications are Monday to Friday: 8am to 8pm and Saturday: 8am to 5pm.

For existing customers, the collections and customer service team are available Monday to Friday: 8am to 7pm and Saturday: 9am to 2pm.

How do customers rate Loans 2 Go?

As of October 2021, their primary review site Feefo, listing genuine customer reviews, rates Loans 2 Go 4.3/5 based on 670 service ratings over the past year.

How are Loans 2 Go regulated?

Loans 2 Go are regulated by the Financial Conduct Authority (FCA). Their FCA register number is FRN 679836.

Representative 49.9% APR

Representative Example

Amount borrowed: £1200 for 18 months
Number of repayments: 18
Interest rate p/a: 49.9% (variable)
Each repayment amount: £90.46
Total amount repayable: £1628.28

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

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