APR: 450.5% Representative
Loan amount: £250 - £50,000
Repayment duration: 12 - 36 Months
OPTIOSCORE 60.5/100 
Time to apply: 00m 27s
Loans 2 Go customer reviews

4.5 out of 5 from 1875 customer reviews

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Product data last updated: 11:24am 5/4/2017
Customer questions answered: 0
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Representative Example: If you borrow £850 over 18 months at a Representative rate of 450.5% APR and an annual interest rate of 132.00% (fixed), you would pay 18 monthly instalments of £140.72. The total charge for credit will be £2,533.00 and the total amount payable will be £3,383.00.

Loans 2 Go customer reviews

4.5 out of 5 from 1875 reviews

Proving expensive over time

11:41 19-12-2016

via Choose Wisely

Loans 2 Go helped me at a very difficult time. Service is excellent and I knew the terms of the loan. However the APR is ludicrously high and I find myself struggling to pay off the final few months of both car loan and Homeowner loan. They even sent a default on the Homeowner loan because I had fallen two months behind. In short, try and repay quickly. Do not get tied down with paying the minimum payment each month because over time it will catch up with you.

peter

Very high interest rates!!!

10:39 29-06-2017

via Smart Money People

It's unbelievable the amount yiu have to repay for a small amount of money borrowed. It's like triple the amount you loan....very dissatisfied with the service. The initial telephone enquiry and in store offers is completely misleading!

Damaris

Disappointed

20:03 26-04-2016

via Choose Wisely

I was very disappointed with decision not to be given a loan from Loans 2Go today. I was a recent customer with good track record. I felt I was led to believe that I would be able to get another small loan against my car (£400) I had previously borrowed £500 and paid back in full. I travelled from Huddersfield to Halifax with all my documents as required only to be turned down even the member of staff said that I had a good track record. I think they should work things out over the telephone before leading up the garden path.

jacqui Russell

Great service

17:54 09-06-2017

via Smart Money People

All round, great cust service. v polite and helpfull

Eric Dickson

Rip off dishonest thieves!

19:59 20-04-2016

via Choose Wisely

Avoid at all costs, absolute thieving scum, they do not follow FCA guidelines either. In the process of taking this company to court!

John smith

need to listen

09:48 29-04-2017

via Smart Money People

applied for a loan to consolidate my bedts but they won't give one cos of other debts which I said I was paying off with loan they don't listen

Martin Blackburn

Excellent

21:06 01-03-2016

via Choose Wisely

Had an appointment with an employee from loan's 2go she was very good and made me feel at ease.she made it fast and simple and the re-payments suit my budget.

Daniel alexander

Our review of Loans 2 Go

Our review by Alex
Written by: Alex
Simplicity
52.5
Features
76.3
Consumer sentiment
49.2

Total OPTIOSCORE
60.5/100

Loans 2 Go have been operating since 2002 with the aim to make the process of borrowing as simple, speedy and convenient for their customers as possible – if applying in branch you can receive the loan right away and even request it in cash. If you are unable to visit a branch you can speak to one of the Loans 2 Go advisors over the phone who will be able to process the application for you.  

Loans 2 Go consider applicants regardless if they are employed, self-employed or a small business owner. They also pride themselves on their dedicated team that are on hand to help throughout the duration of your loan.

On TrustPilot, Loans 2 Go have received a rating of ‘great’. Customers are happy with the polite advisors, professional service and the hassle-free process. What’s more, Loans 2 Go have replied to each of the reviews they have received, either thanking their customers or resolving any issues that have arisen. This re-iterates their focus on customer service.

Overall verdict: Although Loans 2 Go are an expensive option they have received strong reviews, highlighting their focus on customer service. The obvious warning that comes with this product is that if you cannot keep up with your repayments you risk losing your vehicle. It’s therefore vital you’re sure you can afford the repayments before you apply.

Highlights

  • Loans issued in branch are paid in cash
  • Apply in branch, via phone or online
  • Accept customers with poor credit
  • Mobile representatives where there are no branches

Minimum criteria

  • You must be aged 18 or over
  • You need to be a UK resident
  • The applicant’s name must be on the V5

Fees

  • Maximum APR 450.5%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £0

Loans 2 Go Customer Question & Answers

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About Loans 2 Go

Loans 2 Go are a logbook lender that offer secured loans between £230 and £50,000 over a range of terms and at a representative APR of 450.5%. When taking out a logbook loan you will be required to put your vehicle up as security against the loan – you can still drive it, but you will need to give Loans 2 Go the V5 document. This means if you should fall behind on payments, your vehicle can be seized. They do consider customers that have been turned down for credit in the past or have a poor credit history, however, you will need to provide proof that you can afford the repayments.

To apply with Loans 2 Go you can either complete the form online and then speak to an advisor, or visit one of their branches. If doing this you will need to bring your V5, photographic ID, proof of address and proof of income.

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Product data last updated: 11:24am 5/4/2017