Fast Personal Loans in the UK – Is Loans 2 Go Worth It?

When you're facing an urgent bill or unexpected cost, quick access to cash matters.

Loans 2 Go positions itself as a fast, no-fuss option for those with limited credit options. But with a sky-high APR and limited transparency, does it deliver value — or just add more debt?

Here’s what you need to know.

What Makes Loans 2 Go Stand Out?

Loans 2 Go is a UK-based lender offering unsecured personal loans from £250 to £2,000, mainly targeting individuals with poor or limited credit histories.

Borrowers typically receive an instant decision, and the process involves no guarantor, no home visit, and minimal paperwork. Funds are usually transferred same day, making it a go-to choice for:

• Emergency car repairs
• Rent shortfalls
• Medical or dental expenses
• Catching up on overdue utility bills

Unlike mainstream lenders that require good credit or collateral, Loans 2 Go offers accessibility — but at a serious cost.

How It Works

Here’s a breakdown of the standard loan offering:

• Loan range: £250 to £2,000
• Repayment terms: 18 or 24 months
• Representative APR: 679.8%
• Example: Borrow £500 → repay £936 over 18 months (monthly payments of £52)
• Fees: No setup fee, no early repayment penalty
• Eligibility: UK residents aged 21–70, with valid ID and income

While they don’t charge hidden fees, the effective cost of borrowing is extremely high, especially compared to banks or credit unions.

Loans 2 Go vs Competitors

Below is a comparison with other UK lenders offering small loans to people with subprime credit:

Provider	Loan Range	Representative APR	Approval Time
Loans 2 Go	£250–£2,000	679.8%	Instant
Likely Loans	£500–£5,000	59.9%	1–2 hours
Amigo Loans	£500–£10,000	49.9% (guarantor)	24–48 hours

Note: Amigo Loans requires a guarantor, which may not suit everyone. Loans 2 Go’s main advantage is speed + no guarantor requirement, but it’s among the most expensive options per pound borrowed.

When a High APR Loan Might Be Justified

Despite the steep APR, there are real-world cases where a product like Loans 2 Go could make sense — if handled carefully.

• James, 34 from Birmingham, used it to cover a £600 rent gap when his salary was delayed. He paid it off within three months, avoiding hundreds in additional interest.
• For some, the loan serves as a bridge to credit rebuilding — especially when mainstream lenders decline the application.

The key is short-term use, early repayment, and avoiding rollovers.

Value for Money: It Depends

Let’s be clear: £936 repayment on a £500 loan is not cheap. But for individuals who are:

• Unable to get approved elsewhere
• Facing a critical expense
• Comfortable repaying early

…Loans 2 Go might be a tool — not a trap.

It’s fully regulated by the FCA, and clearly displays all repayment terms up front. That said, borrowers should always compare offers.

What to Expect Next

Loans 2 Go might fill a gap — but is it your best option?Looking for better alternatives or a smarter loan strategy?
Continue to Page 2 for insider tips, real customer FAQs, and expert-level strategies to reduce your borrowing costs.