Small Loans
Unsecured personal loans from £250 – £2000
What are small loans?
A small loan is a personal loan of up to around £2000. A small loan is usually an unsecured loan that is not linked to any of your assets such as your home or car.
This means that if for any reason you were unable to make your loan repayments, there would be no risk of losing your home or car.
It can sometimes be easier to get a small loan than a larger one, as they are less risky to a lender.
What can a small loan be used for?
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.
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 sort out the situation then repay the loan over an agreed number of instalments until the balance is cleared.
What are the advantages of small loans?
The main advantage of small loans is that you can quickly get hold of the money you need to sort out your situation, whatever that may be. You then have time to repay the loan in affordable instalments. A small loan can be a much better financial solution than using a credit card to pay for something urgent. Interest rates on small loans are usually lower than those on credit card balances, which enables you to pay off the debt much more quickly.
Small loans also have fixed repayments over an agreed period of time, so you know exactly what you have to pay and when, rather than seeing your credit card balance keep increasing.
What is the eligibility for Loans 2 Go small loans?
To be eligible for a Loans 2 Go small loan, 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 on you to make sure that one of our small loans would be affordable for you. But we treat each case on its individual merit, so may still consider lending to you even if you have poor credit history due to things that have happened in the past.
Does Loans 2 Go offer small loans?
You can repay your small loan over a period of 18 or 24 months depending on the loan amount. But if your financial situation enables you to repay the loan balance earlier than this, that’s fine with us and there would be no extra charge for doing so.
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?
We aim to make our small loans application process as smooth and straightforward for you as possible. 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 to a 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*.
Our aim is to give you an instant decision. If your loan is approved, we will get the money into your account the same or next working day, ready for you to start sorting out your finances.
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
Over 2,000,0000
people helped
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 pre-approved for a loan without affecting your credit score. Successful applicants will then be invited to complete their application.
We do not charge any set up fees when you take a personal loan with us.
We are very flexible and provide repayment options of weekly, fortnightly, or monthly.
