Small Loans
Unsecured personal loans from £250 – £2000
What are small loans?
Small loans are typically personal loans of up to around £1000.
A small loan is usually an unsecured loan meaning it is not secured against the value of something that you own, such as your house or car.
Most lenders who offer small loans allow them to be used for any purpose you choose, apart from anything risky such as investing or gambling, or anything illegal.
What can a small loan be used for?
Most people take out a small loan either for a financial hiccup such as an unexpected bill, car breakdown, domestic repair or family emergency. In these kinds of circumstances, small loans enable you to pay the money upfront to resolve the situation quickly.
What is the eligibility for Loans 2 Go small loans?
To be eligible for a small loan from Loans 2 Go, you need to be:
- At least 21 years’ old;
- Currently employed with a regular income;
- A UK bank account holder with a debit card;
- Resident in the UK – as a homeowner, tenant or living with your parents.
As a responsible lender, we will undertake credit checks to make sure that one of our small loans would be affordable for you. We treat each case on its individual merit, so may still consider lending to you even if you have less than perfect credit history.
Does Loans 2 Go offer small loans?
You can repay your small loan over a period of 18 or 24 months. The rate and term you receive depends on your circumstances. If your financial situation enables you to repay the loan balance earlier than this, that’s fine with us, there is always the opportunity to repay your loan early.
You can make your loan repayments on a weekly, fortnightly or monthly basis, either by Continuous Payment Authority (CPA) from your debit card or via our online payment portal.
What is the application process?
The application process for our small loans is smooth and straightforward. All you need to do is:
- Click the Get Started tab below;
- Specify how much you would like to borrow;
- Enter some basic information about yourself.
We will then do a soft search on your details to check your eligibility for a loan with us. This doesn’t affect your credit score, and if you are eligible you will then be able to proceed with the full loan application form.
Once this is completed, we will give you an instant decision and, if your loan is approved, we aim to get the money into your account the same working day (subject to working hours).
Personal loans | 18 or 24 months
Life is full of ups and downs, and sometimes things just don’t go to plan.
£250 - £2,000
personal loans
Confidential &
secure
Money
same day
FAQ
Our no obligation eligibility checker is a soft search on your details and will let you know instantly if you’re provisionally accepted for a loan without affecting your credit score.
We do not charge any set up fees when you take a personal loan with us. Nor any penalty fee for early settlement.
As a lender, we pay commissions to credit brokers or other intermediaries who introduce customers to us. The commission we pay varies depending on the broker, the product offered, and the terms agreed with the broker. This payment is made by us and does not affect the interest rate, terms, or total cost of your loan.
We are very flexible and provide repayment options of weekly, fortnightly, or monthly.
Representative example: If you borrow £550 over 18 months at a flat rate of 168% per annum (fixed) with a representative 679% APR you will make 18 monthly payments of £107.56, repaying £1,936.08 in total. The rate and term you are offered is dependent on your individual circumstances.
Warning: Late repayment can cause you serious money problems. For independent help, please go to www.moneyhelper.org.uk
