Loans 2 Go

Loans 2 Go: online personal loans in the UK

Loans 2 Go is the trading name of Loans 2 Go Limited, a company registered in England and Wales with company number 4519020. The firm operates as a direct lender in the UK and is authorised and regulated by the Financial Conduct Authority (FCA) under reference number 679836. Its activity focuses on unsecured personal loans for customers who may have difficulty accessing credit from mainstream lenders.

Products and financing terms

The company's range includes fixed-term personal loans from £500 to £1,500, with an 18-month repayment period. Amounts are organised in tiers of £500, £800, £1,000 and £1,500, and instalments can be paid monthly, fortnightly or weekly, always following a full affordability assessment. The company presents itself as a direct lender, with no set-up fees or upfront charges, and with the possibility of same-day payout once the application is approved.

Among the options advertised are loans for self-employed workers, bad credit loans, online loans, direct loans, small loans, same-day loans, unsecured loans, emergency loans and soft search loans. The page shows representative examples: a £999 loan over 18 months at a flat rate of 132% per annum (fixed) with a representative 450.5% APR involves 18 monthly payments of £165.39 and a total repayment of £2,977.02, of which £1,978.02 corresponds to interest. Another example, £550 over 18 months at a flat rate of 168% per annum (fixed) with a representative 679% APR, involves 18 monthly payments of £107.56 and a total of £1,936.08. The maximum APR offered is 520.9%. The final terms depend on the applicant's individual circumstances.

Application and assessment process

The process begins with an eligibility check that does not affect your credit score. The applicant states the amount they wish to borrow and answers a series of questions, after which they receive an instant response. If the application is provisionally accepted, they can complete the full application; at that point a credit check is carried out, which may leave a mark on the customer's credit history. Once approved, the company aims to transfer the funds the same day, subject to working hours: Monday to Friday 8am to 8pm and Saturday 8am to 5pm.

Customer profile and intended use

The company describes situations in which a personal loan may be helpful, such as unexpected bills, car repairs, appliance breakdowns, family emergencies or medical, dental and veterinary costs. At the same time, it warns that this type of financing may not be suitable for those who are struggling to cover regular living costs, need to borrow repeatedly or intend to finance everyday or non-essential spending. In those cases, the company suggests seeking free and confidential debt advice, and mentions organisations such as StepChange Debt Charity or Citizens Advice.

Track record and stated commitments

With more than twenty years of activity in the UK market, Loans 2 Go describes itself as a UK-based lender that provides clear information about costs before you commit and charges no admin or upfront fees. The firm states that it never contacts customers from a mobile number or asks for a fee before disbursing the loan. It also indicates that it may pay commissions to credit brokers that introduce customers, without this affecting the interest rate, terms or total amount payable by the borrower.

Regulatory framework and corporate details

The loan products are consumer credit agreements regulated by the Consumer Credit Act 1974 and are not structured as single-repayment short-term credit facilities. The company is registered with the Information Commissioner's Office under number Z720743X. Its registered office is at Bridge Studios, 34a Deodar Road, London SW15 2NN.

Location and contact

Bridge Studios, 34a Deodar Road, London SW15 2NN