Update (Feb 2020):
Comparison listings are currently being updated.
Loans 2 Go Loans | www.loans2go.co.uk Reviews
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.
Address: Bridge Studios, 34a Deodar Road, London, SW15 2NN
Brand: Loans 2 Go (aka: L2Go, Loans2Go)
Company: Loans 2 Go Ltd
Contact (📧): firstname.lastname@example.org
Contact (☎): 0330 400 6000
FCA Licence: 679836
Niche: Logbook, personal
Opening Hours: Mon/Fri (8am-8pm), Sat (9am-5pm)
*Existing times differ as: Mon/Fri (8am-7pm), Sat (8am-2pm)
Related Brands: Logbook Loans
Site Address: www.loans2go.co.uk
Site Rank (Alexa UK): Unranked | 2.3m (global)
Amounts Available: £250 to £500 (£1000 on reloans) | £550 to £50,000 (V5C)
Late Payment Fee: £0
Login Provided: No (one-off payments only)
Pricing: £1320 /£1000 (12m) & £1980 /£1000 (18m) | £3077.84 /£1000 (18m) (pers)
Repayment Terms: 12 to 36 months | 18 months (pers)
Required Age: All aged vehicles are accepted. Personal loan requires 21+ applicants
Feefo: 88% (1030+ count in 12m)
Reviews: Not listed
Trustpilot: 46% (2080+ count)
Rivals & Similar Lenders Like Loans 2 Go
All logbook lenders are struggling to gain competitive traffic ranks these days. L2Go does lead the charge, but even they are unable to get locally ranked. To make up the top 5, it has generally been Auto Advance, Car Cash Point, Maxcroft and Varooma to fill in those extra spots. Varooma has been the most competitive lender of this pack charging £700.04 that is significantly cheaper than L2Go’s £1320. Varooma’s product is also open to all aged cars. Maxcroft also consider all aged cars and their value is competitive at £840. The problem on that side is that you must complete the process in their single Essex office that won’t suit those spread across the nation.
Last Check @ www.loans2go.co.uk: July 26th, 2019
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