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.
Everyday Lending was setup 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.
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.
The Everyday Loans Personal Loan charges 99.9% APR representative on loans between £1,000 and £15,000. Everyday Loans offers the loan with repayment terms between 18 and 5 years and applicants can apply to borrow from £1,000 to £15,000.
Everyday Loans provides “unsecured” loans meaning they’re based on creditworthiness, rather than the use of property or other assets as collateral. Here are some of the main features of an Everyday Loan:
Loan type | Unsecured Personal Loan |
---|---|
Loan amounts | £1,000.00 to £15,000.00 |
Loan terms | 18 Months to 5 Years |
Loan rate type | Fixed |
Product fee | 0% |
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 methods | Direct Debit |
All interest rates are fixed for the duration of your repayment period, however the rate you’re offered will depend on factors like the amount you apply for, the term of the loan, your credit rating and your income. It may differ from the advertised “Representative APR”.
All lenders must calculate the APR of their products in the same way, and must tell you the APR before you sign an agreement, so for consumers it can be a handy tool for comparison.
Bear in mind, however, that lenders are only obliged to award this rate to 51% of those who take out the loan – the other 49% could pay more. That’s why it’s often referred to as the representative APR.
When applying for a personal loan with Everyday Loans, factors such as your credit history, income and the amount you apply for will be considered. You shouldn’t apply unless you’re certain you can meet the repayment terms, and you meet the following criteria:
Everyday Loans has received positive reviews from customers, according to review site Trustpilot. It currently has an “excellent” rating of 4.5 out of 5, based on more than 4,800 reviews (updated June 2022). Many customers praised their professional customer service and others complained about their high interest rates.
If you’ve decided that an Everyday Loan personal loan is right for you, then you can apply online by following the loans application process. New customers will need to visit a branch. These can be found in most cities and major towns across the UK.
Considering a loan from Everyday Loans? Use our calculator to work out how much it will cost you each month and overall.
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.