About Loans 2 Go Loans
Loans 2 Go is the market leading logbook lender active at www.loans2go.co.uk. This is a position that they cemented when they merged with Hermes Property Services in January 2015. Hermes had purchased the rights of www.logbookloans.co.uk when the original owner entered administration (after years of being the dominant force). L2Go’s history dates back to 2002. They became a recognisable sector brand in 2013 through TV advertising. They had also become well known after building a large network of 78 branches. They opted to eventually close these down and operate fully online. With the popularity of logbook lending dropping it is refreshing to see a personal loan option made available. This is fixed at 18 months with CCJs considered.
Pricing across each of the products is expensive. On the logbook side they charge £1320 on £1000 across a year. Whilst you won’t find competitive rates here, they don’t impose age limits on your cars whilst many competitors impose a 10 year restriction. They are also open on Saturdays for extended hours and charge no late fees. A handy online payment can now also be made. Reviews have been mixed. Their Feefo feedback is favourable at 88% from 1000+ reviews over a year, but on Trustpilot they score at 46% from 2000+ total feedback. This continues to the most visited sector brand although they aren’t locally ranked (global floats around 2.3 million). They recently surpassed 1000 fans on Facebook.