Unsecured loans
What are an unsecured loans?
Unlike a secured loan, an unsecured loan is different. It’s separate from anything else you own. The lender therefore has no claim on your car or home. So if you are unable to make your loan repayments there is no risk that you could lose assets.
However, with unsecured loans it’s still very important that you are able to make your loan repayments. Failure to do so would affect your credit rating and could even result in you being charged additional fees or being subject to a County Court Judgement.
Unsecured Vs Secured
A secured loan is a loan that is dependent on an asset you already own. For many secured loans, this will be your property. In the event of you not being able to repay your loan there is a risk that as a last resort the lender could take your asset to use to repay the loan instead.
An unsecured loan is a loan that is not dependent on any other asset you own. You do not have to be a homeowner to apply.
Is it difficult to get an unsecured loan?
When applying for an unsecured loan you can normally expect to go through a strict credit checking procedure. But with Loans 2 Go you can see if you’re eligible for an unsecured loan first, without impacting your credit score. Only if you are pre-approved will you undergo a credit check.
Most lenders will carefully consider your application and make the best decision for you based on your circumstances.
At Loans 2 Go we consider every application on its own merit. If you have poor credit history or even a CCJ, as long as we are confident that you are now able to afford to make the loan repayments we would be willing to lend to you.
Do Loan 2 Go offer unsecured loans?
Yes; at Loans 2 Go we offer unsecured loans of between £250 and £2,000.
To apply for an unsecured loan with Loans 2 Go, all you need to do is:
- Work out how much you can afford to borrow.
- Complete our simple eligibility form.
- If pre-approved complete the full application.
Once your loan application is approved we aim to transfer the money into your bank account the same day*.
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
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secure
Money
same day
FAQ
Our 18 month loans are £250 – £1,500. However you may be able to borrow up to £2,000 (24 month loan). As long as it’s affordable for you, we’ve got you covered.
At Loans 2 Go you can see if you’re likely to qualify for a loan using our eligibility checker. This is a soft search and will not impact your credit score. If pre-approved and you complete our full application then, as a responsible lender, we undertake credit checks to establish the loan is affordable. We do lend to people with poor credit history, however, we would only lend to customers that can afford the repayments.
Once your application has been approved, you will normally receive the money the same day subject to our working hours. The time that it takes for the cash to be received in your account will depend on your bank’s policies and procedures.
