Is Loans 2 Go App Legit or Scam? Reviews, Contact Details, Interest Rate, Eligibility

loan 2 go

If you currently have bad credit and require emergency cash, your options will be very restricted. Indeed, unless you can obtain funds from family or friends, you may be compelled to employ a bad credit lender such as Loans 2 Go.

The online lender provides loans ranging from £250 to £1,500 with periods of up to 18 months. Although Loans 2 Go may alleviate a short-term cash crisis, the interest will be debilitating. The lender promotes a representative APR of 989.9%, which is extremely high.

However, if you are considering using the lender, we urge that you first read our comprehensive Loans 2 Go Review. We’ll go through everything you need to know, including interest rates, eligibility, financing periods, and more.

What exactly is Loans 2 Go?

Loans 2 Go, founded in 2015, is an online lender that specialises in installment loans. The lender makes loans to people who have poor or negative credit and have nowhere else to turn. As a result, the lender is well-known for changing some of the highest interest rates in the internet lending industry.

The platform, in reality, publishes a representative rate of 989.9% APR. Although this may appear to be less than other bad credit loan providers on the market, such as Loan Skipper or OnStride Loans, Loans 2 Go only permits you to take out financing for a period of 18 months.

As a result, the interest you end up paying over the course of the 18 months will be exorbitant. However, UK consumers continue to utilise the lender because they have no other options. Nonetheless, the site can provide loans starting at £250 and up to £1,000.

As with the majority of emergency finance lenders, accepted applicants are frequently compensated on the same day. This money will be deposited directly into your UK bank account. If Loans 2 Go wants additional information from you, it may request supporting papers before the loan is issued. This might be a paystub to establish your identity or a utility bill to confirm your address.

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What are the Benefits and Drawbacks of Loans 2 Go?


  • Offers instalment loans ranging from £250 to £1,000
  • Select whether the payments should be repaid weekly, bimonthly, or monthly.
  • Same-day funding is frequently available.
  • Offers a loan repayment period of 18 months.
  • The application can be done entirely online.


  • A massive 989.9% representational rate

How Does Loans 2 Go Function?

Loans 2 Go functions similarly to any other online lender. The entire application process can be completed in minutes online. To begin, go to the Loans 2 Go website and click the ‘APPLY NOW’ button. You will then be directed to the main application page, which is divided into three parts. To begin, you must decide how much you want to borrow and why you need the loan, as well as agree to a credit check. On the following page, you must input your personal and financial information.

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Your full name, home address, date of birth, marital status, and contact information will be included. In terms of financial information, you must provide your employment status (full-time, part-time, etc.), take-home pay, and the name and address of your present employer. Loans 2 Go will also need to know about your present financial obligations, such as how much rent/mortgage you pay each month and the total amount of your outstanding debt.

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Page for Loan 2 Go loan Applications

Loans 2 Go will do a credit check on you after you submit the application. You should see an on-screen conclusion as soon as they have cross-referenced your information, which should take no more than 30 seconds. You will be able to examine your financing terms once the loan is accepted. This covers, most importantly, the interest rate and the size of your repayments.

It may be preferable to work with a bad credit lender who performs an initial soft credit check. This allows you to see if you are eligible without having the application appear on your credit record.
If you’re ready to go, you’ll need to enter your bank account and debit card information, both of which must be from the same financial institution. Finally, to finish the application, you must read and sign the digital loan agreement. You should receive the funds later that day if Loans 2 Go processes your application.

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Loans 2 Go Repayments?

When you apply for a loan with Loans 2 Go, you must agree to a continuous payment authority (CPA). This indicates you’ve given Loans 2 Go permission to deduct your payments automatically from your debit card. As long as you do not skip a payment, the amounts will always remain the same. This means that the CPA authorises Loans 2 Go to deduct varying amounts from your card as long as they are within the parameters of the agreement.

For example, if your £50 card payment is refused due to insufficient funds, Loans 2 Go may attempt to accept £45 instead. You can also make a manual payment from within your Loans 2 Go account, albeit this must still be done with a debit card.

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Is Loans 2 Go App Legit or Scam?

Loans 2 Go App is Legit and not a Scam. However, you may need to consider the pros and cons before applying for loan.

What is the cost of Loans 2 Go?

You won’t know how much interest you’ll pay on your loan until you apply. This is due to the lender basing its judgement on the information you gave in your application as well as the information included in your credit report.

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Remember, once you receive your loan terms, you are under no obligation to proceed with Loans 2 Go. If the interest rate is too high, simply walk away.
We’ve highlighted the key factors that Loans 2 Go will consider when determining how much interest to charge you.

The amount you must borrow

How long do you need to borrow the money?

Your current credit rating

Your previous experience with debt

When will you next receive your pay?

How much money do you make?

Whether or not you have any CCJs on your credit report

We can show you how much you could pay on your loan by using the Loans 2 Go representative rate of 989.9%.

Let’s imagine you borrowed £400 over the period of 18 months. You would need to make 18 monthly payments of £90.62 at 989.9% APR.

This would result in a total loan amount of £1,631.16, implying that you would be repaying nearly four times the amount borrowed.

In total, you would spend £1,231.16 in interest on a £400 loan.

All of the lender’s fees are included in the interest rate, so you will not be charged an origination fee.

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Is Loans 2 Go Right for Me?

Do you want to see if you’re qualified for Loans 2 Go? Although the lender prefers applicants with poor credit, not all are accepted. As a result, see the lender’s eligibility conditions below.

Check Your Credit

When you apply with Loans 2 Go, you must agree to a credit check. Because the lender isn’t trying to base its choice only on your credit score, you may still be eligible even if it’s slightly harmed. Loans 2 Go also states that it will review your application even if you have CCJs.

Employment with a Consistent Income

Loans 2 Go requires all borrowers to have a steady source of income. Having said that, the lender does not specify a minimum income amount or whether you must be employed full-time.

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UK resident and above the age of 21

You must be at least 21 years old and a resident of the United Kingdom.

A valid UK bank account and debit card are required.

A valid UK bank or building society account, as well as a debit card, are required.

If Loans 2 Go is unable to verify your information electronically, you may be required to produce supporting paperwork. The faster you upload the paperwork, the sooner you’ll receive the loan funds.

Loans 2 Go Customer Service

If you need to contact a member of the Loans 2 Go customer support staff, you can do so at the following numbers:

📱Phone: 0330 400 6000

Email us at [email protected].

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

The customer service crew is available six days a week, with the offices closed on Sundays. You can reach a support representative between 8 a.m. and 7 p.m. throughout the week and 8 a.m. and 2 p.m. on Saturdays.


To summarise, Loans 2 Go should only be used as a last resort. The lender not only charges a typical rate of 989.9%, but you must return the loan over an 18-month period. As a result, a £400 loan would end up costing you more than four times the amount borrowed, with interest totaling £1,231.16. This is financial suicide, especially if you have already missed a repayment.

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If you do decide to utilise the lender, you will be able to borrow between £200 and £1,000. Furthermore, if your application is approved electronically, you may receive funds the same day. Finally, if you do receive Loans 2 Go financing, make sure you always have enough money on your debit card to fulfil the repayments.


What are the interest rates charged by Loans 2 Go?

Loans 2 Go advertises a typical rate of 989.9%, but you may pay more.

How much money can I get from Loans 2 Go?

Loans 2 Go offers loans ranging from £200 to £1,000.

How do I pay back Loans 2 Go?

You will need to set up a continuous payment authority (CPA), which means that the funds will be deducted automatically from your debit card. You have the option of having your payments taken weekly, bimonthly, or monthly.

Is a credit check performed by Loans 2 Go?

Loans 2 Go will need to run a thorough credit check on you. This is a bare minimum for all applicants.

About Samuel 637 Articles
Samuel is an SEO technician and Content developer with over 5 years of work experience. He is known for his love and passion for helping others achieve their financial goals and dreams. This lead to the birth of Finwealthonline. His love for many has to lead him to help thousands of students seeking financial loan advices, app reviews with the right information. Samuel being the CEO and founder of Finwealthonline will continue his good work on helping people with the right information that will lead to achieving their financial dreams and goals.

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