Loans 2 Go is a direct lender offering personal loans between €300 and €2,300, with flexible repayment terms of 18 to 24 months. Flat interest rates are high, with a representative 679% APR, and there are no upfront setup fees, making this an option worth considering for borrowers who need quick access to funds. No early repayment penalty is imposed, which can help save on costs if you pay off early.

Based on their transparent online application process, applicants can check eligibility without impacting their credit score. Loans 2 Go aims for same-day payouts after approval, provided it is within business hours. As an independent reviewer, I appreciate the clarity in their communications and their status as a long-standing, regulated direct lender.

How to Apply: Step by Step

• Check your eligibility online, choosing your loan amount and answering a few questions.
• If provisionally accepted, proceed to complete your full application.
• Once fully approved, your funds are transferred the same working day.

Prós

One clear advantage of Loans 2 Go is the no setup fee policy, which keeps initial borrowing costs down. Their direct lending approach means no additional broker fees, and the process can be completed fully online.

The eligibility check does not affect your credit score, allowing you to compare options with minimal risk. Same-day payouts are another strong upside, ideal for financial emergencies.

Contras

A significant drawback is the extremely high APR, which is well above that of most mainstream lenders or credit cards. This makes Loans 2 Go a costly solution for those who need to borrow long term.

Additionally, late repayments could damage your credit standing and result in further costs. It’s best for those who are confident in their ability to keep up with monthly installments.

Verdict

Loans 2 Go is a viable option for those seeking quick, small loans with transparent fees and rapid transfers, especially if traditional options are unavailable. However, borrowers should be mindful of the very high interest rates and only use this service if they have exhausted cheaper alternatives and can reliably keep up repayments.