Everyday Loans calculator and review

Everyday Loans provides personal loans for bad credit, so if your credit history has had a few bumps in the road, Everyday Loans is a viable alternative to high street banks. Loan amounts between £0 and £15,000 starting from 99.9%.

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Evlo

Everyday Loans calculator

Table: sorted by representative APR, promoted deals first
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£
months
Finder Score Loan amounts Loan terms Fee Repayments
Evlo logo
6.4Standard
Evlo Personal Loan
6.4Standard
£1,000 - £15,000
18 months - 5 years
Varies
£79.25 (£1,902.04 overall)
Representative Example: Representative 99.9% APR fixed. Based on a loan of £1,000 for 24 months at 99.9% p.a. Total £1,902.04 repayable at £79.25 per month.
Representative example: Borrow £10,000.00 over 3 years at a rate of 99.9% p.a. (fixed). Representative APR 99.9% and total payable £24,451.56 in monthly repayments of £679.21.
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Finder Score for unsecured loans

To make it even easier to compare and evaluate unsecured loans we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.

Read the full methodology

Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

Late repayments can cause you serious money problems. See our debt help guides.

How do Evlo loans compare against the competition?

See today's rates from across the personal loan market.

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Everyday Loans was set up back in 2006 with the goal of providing straightforward lending across the UK. It aims to provide a tailored, case-by-case service to each customer by looking at more than just their credit rating.

Evlo loan rates at a glance

The Evlo Personal Loan charges 99.9% APR representative on loans between £1,000 and £15,000. Evlo offers the unsecured personal loan with repayment terms between 18 months and 5 years, and applicants can apply to borrow from £1,000 to £15,000.

All interest rates are fixed for the duration of your repayment period. However, the rate you’re offered depends on factors like the amount you apply for, the loan’s terms, your credit rating and your income. It may differ from the advertised “Representative APR”.

Loan typeUnsecured Personal Loan
Loan amounts£1,000.00 to £15,000.00
Loan terms18 months to 5 years
Loan rate typeFixed
FeeVaries
Same-day funding available
Instant decisions in most cases
Soft-search facility available
Joint applications
Overpay without penalty
Concurrent loans allowed
Topping-up pays off existing loan and initiates a new loan
Repayment methodsDirect Debit

APR and Representative APR explained

The Annual Percentage Rate (APR) is a summary of the yearly cost of a loan. It takes into account both interest and any unavoidable charges you'll need to pay (for example an arrangement/product fee) over the duration of a loan. Because Virgin Money doesn't charge an arrangement fee, its APR comprises just the interest rate – and so they're one and the same.

However, the vast majority of lenders tailor rates (and therefore APRs) to the individual applicant. If they think you're a riskier bet, they'll offset that by offering you a higher APR. The "representative APR" (as defined by the Financial Conduct Authority) is what Virgin Money gives to at least 51% of those who take out the loan. The other 49% could pay more. Virgin Money must calculate APR in the same way as other lenders, and must tell you your personal APR before you sign a loan agreement.

Virgin Money advertises a representative APR of 0.0% on loans between £0 and £0 on the Virgin Money Existing Customer Personal Loan.

Am I eligible for an Everyday Loan?

When applying for a personal loan with Everyday Loans, factors such as your credit history, income and the amount you apply for are considered. You shouldn’t apply unless you’re certain you can meet the repayment terms and match the following criteria:

  • Aged between 18-75
  • UK resident
  • Have the ability to make regular payments

Everyday Loans customer reviews

Everyday Loans has received positive reviews from customers, according to review site Trustpilot. It currently has an “excellent” rating of 4.3 out of 5, based on more than 6,800 reviews (updated May 2024). Many customers praised their professional customer service, and others complained about their high interest rates.

Customer support

For help on your personal loans, you can fill out an online form on the Everyday Loans website or call on 0330 3033 503.

How do I apply?

If you’ve decided that an Everyday Loan personal loan is right for you, apply online by following the loan application process. New customers need to visit a branch, which can be found in most cities and major towns across the UK.

Our verdict

If you’re looking for a straightforward process where you don’t need to put up collateral, then Everyday Loans could be a good option. They base their lending on creditworthiness, so a good credit rating helps you when you apply. Not to mention, you can get quick and effective support from their customer service team if you need assistance.

Frequently asked questions

Our “Best for” picks highlight top options in specific categories based on our independent evaluation (see our full methodology), while “Promoted” tags indicate sponsored placements. Selected products may not suit everyone. We track selected market offers, which may not cover every product. Products are listed in no particular order unless specified, and inclusion or ordering may be influenced by popularity or commercial agreements. Most comparison table data is provided by Defaqto or sourced directly from providers. Always evaluate your own circumstances and consider independent advice before making major financial decisions.
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Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

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Chris has written 503 Finder guides across topics including:
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  • Sites like Everyday Loans

    Everyday Loans is a specialist lender offering personal loans of up to £15,000 to borrowers with bad credit. A number of like-minded companies cater to this sector.
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