Loans2Go Reviews & In-depth Info 2022

Loans 2 Go

Loans2Go Loans

If you have received credit from, or are looking for Loans2Go reviews, you need to read this. We’ve compiled all of the information you need to know about Loans 2 Go plus some of the most frequently asked questions to help you along the way.

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Loans2Go Loans UK

Who are Loans 2 Go Limited?

Loans 2 Go (trading name Loans 2 Go Ltd) is a UK alternative personal loans provider of over 20 years, offering affordable personal loans that are regulated by the Financial Conduct Authority (FCA). The maximum personal loan you can receive from a loan company like Loans2Go is £3,000. Loans can be repaid over 18 months or longer. If you prefer to apply with a human touch, you can apply over the phone. You’ll receive a reference number after applying. Be sure to write this down, as you may need it for future correspondence such as when you pay, or if you have a query.

Applications can also be completed online without having to speak with a human and successful applications can have their money paid within just 15 minutes after approval. 

They remain an active lender in the UK personal loans market and have other trading names such as, and Each website declares they are part of the trading group at the bottom of the homepage. Their monthly interest rates vary from 3.7% to 15%.

Don’t worry, here’s what to do!

There are several debt solutions in the UK that can be used to improve your finances. Choosing the right way to tackle your debt could save you time and money, but the wrong one could cause even more harm

It’s always best to find out about all your options from a professional before you take action.

Fill out the 5 step form to get started. 

Do Loans 2 Go Offer Logbook Loans and Other Credit?

Yes, they are authorised and registered to offer customers a logbook loan. A logbook loan is a type of secured loan against a vehicle. It’s worth noting as of January 2021, Loans 2 Go stopped offering logbook loans to UK customers. They do not have any credit card products. 

Don’t always be drawn in by the representative example rates as you may not receive this APR rate.

UK Personal Debt 2021 Update:

In May 2021, the average APR for a £5,000 personal loan was 7.99%, according to the Bank of England. For a £10,000 loan it was 3.62%, while the average rate for an overdraft was 33.59%.

(Source: The Money Charity)

Is Loans 2 Go legit?

Yes, they are regulated by the Financial Conduct Authority in the UK. You must be a UK resident to apply.  

Always be aware of charges such as an arrangement fee, payment fee, repayment fee and APR rates. The interest rate you receive can differ from what is advertised. Not many people get the best interest rate available. 

When searching for loans 2 go reviews, you will often find positive feedback about the service from satisfied customers – which is great! However, loans 2 go are known for not responding directly to negative reviews, which doesn’t necessarily mean bad service, but it does mean you might have trouble getting in touch with the business.

Is Loans2Go a Payday Loan?

No, Loans 2 Go do not have FCA permission to offer payday loans. This is because the company offers loans ranging from 18 months or longer which falls outside the regulator’s definition of Payday loans. Doing so otherwise would be irresponsible lending, and you could claim that amount back if you were given a payday loan from Loans2Go.

Like with any kind of loan, it’s important to read the fine print to make sure you know what you’re signing up for. If anything is mentioned about payday loans then you should think twice about your decision.

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Is Loans 2 Go a Direct Lender?

Yes, Loans 2 Go are a direct lender which means successful applicants will get the total amount faster.

How Easy Is It to Make a Loan Application?

Applying for a personal loan is straightforward online and over the phone, but it will involve a credit check. Like with any kind of credit application, if your credit report isn’t up to scratch, you could be declined. Some lenders offer credit to those with a low credit score, but as long as you meet the lender’s requirements and accept flexible interest rates, getting a personal loan should be pretty easy. However, looking for positive feedback should always be a priority when researching lenders.

Loans2Go Personal Loans Review

Where Is Loans 2 Go Located?

They are based at Bridge Studios, 34a Deodar Road in London SW15 2NN. You can contact them over the phone by calling 0330 400 6000 or by sending an email to [email protected] You can also use their company website to find a contact form instead of their email address if you prefer (it goes to the same email address). 

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The Latest Lending Rules for Loans2go Loans

Law #1: Loans2Go Must be Affordable

If you want a refund from Loans2Go, this is the law that might make your claim the most successful.

The FCA states that personal loan providers must conduct an extensive assessment of your ability to repay and must not allow you to sign for the loan if they have not done this adequately. The same rules apply if you try to get a credit card or other credit.

Moreover, your repayment to Loans 2 Go must be “sustainable”, which means you must be able to make payments comfortably while also paying for essentials. If Loans2Go failed to properly assess you for their products, they are breaking this law – and you should be due a refund!

Law #2: Loans2Go and CPA Violations

Loans 2 Go and other companies may want you to repay your credit with what is known as a Continuous Payment Authority (CPA).

This is approval for Loans2Go to take the next instalment from your bank. But Loans2Go must inform its customers when this will happen, and they must have the correct bank and card details.

Some personal loan providers fail to notify customers before collection.

The effect of this could be serious. For example, if Loans 2 Go takes the direct debit without warning you and you haven’t paid your rent, you could be in financial hardship.

I Can’t afford My Loans2Go Loan

Loans2Go may be compliant if they issue you a personal loan and you fall into financial hardship. If you cannot make your next payment, there are steps you can take.

First, reach out to Loans2Go to inform them of your money problems. They are obligated to listen to you and offer forbearance that is appropriate for you. Secondly, you could cancel any payment instructions with your bank if you believe you do not have adequate funds to repay your financial commitments with Loans 2 Go or any other company you owe. 

Please note, that failing to make payments may negatively impact your credit score and in some cases result in legal actions being taken against you by the lender. Debts don’t go away if you ignore them.

We get this is scary, but the worst thing you can do now is to try and hide.

How to write off Loans2Go debt

You might be able to wipe up to 80% of your loan debts with an IVA. You must have serious financial problems and more than one debt to qualify. To see if an IVA could wipe your Loans 2 Go debt, use our IVA suitability calculator. 

Serious Money problems? Claim Your Refund

Firstly, you’re not alone!

If Loans 2 Go limited has not stuck to the laws and has started to cause you serious financial worries, you could be entitled to a Loans2Go refund. 

You could get back the amount of your personal loan amount plus interest and additional charges. You’ll need your loan reference number and other key info like the company information registration number to claim. Check out this loan refund article which also includes letter templates for help!


How long does Loans2Go take to approve?
Loans2Go is a direct lender which means they can approve loans very quickly. They aim to get the money into your account within 60 minutes.
Can I get a loan to clear my debts?
Yes. This is known as a debt consolidation loan. It pays off all your debts and consolidates it all into one monthly payment usually with lower interest. However, a debt consolidation loan may not be accepted if the customer can’t afford the new repayment rate. Most consolidation loans will do their best to find the most acceptable rate for your specific situation.
Do loans go into your bank account?
Yes. Loans are normally delivered directly into your checking account for you to use. There are other methods of receiving loans such as by check or cash.
How do I complain to Loans2go?
If you have a complaint against Loans 2 Go service or any business associated with the company, you can write to them at Bridge Studios, 34a Deodar Road in London SW15 2NN. Alternatively, you can contact them over the phone by calling 0330 400 6000 or by sending an email to [email protected] Make sure you have your customer number on hand as well as the company information registration number.
What are my options if Loans 2 Go decides to chase after me for unpaid debt?
When it comes to loan repayments, Loans2Go has the legal authority to pursue you if you fall behind on your payments. However, it is vital to keep in mind that the company is legally prohibited from harassing, threatening, or intimidating its customers. Legal action may be taken against you by Loans2Go if you have a debt to them and disregard their correspondence. To avoid defaulting on your loan, act quickly if you find yourself unable to make your payments on time or in full. Leaving debts unpaid can lead to significant financial difficulties, legal fees, and even the confiscation of personal goods if they are not paid on time. If Loans 2 Go is pursuing you for your unpaid debt, make sure you do your research, read the fine print, and use our information to help you find the best way to pay back the sum you owe.
Can I pay back my Loans 2 Go loan early?
Yes. In fact, you have the option to pay off all or part of your loan early, with no penalties for doing so. An early payback discount may also be available. Email [email protected] or call 0330 4000 402 to get help with your payments from their Customer Services department and to obtain a final settlement figure.
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*Note: This is a real life example based on a customers’ savings data in October 2020.


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  • Affordable repayments with an end date in sight
  • Reduce pressure from people you owe money to
  • Stop interest and charges from soaring