Everyday Loans

Everyday Loans 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 £1,000 and £15,000 starting from 99.9%.

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Our verdict

Everyday Loans provide instant decisions and fixed interest rates, allowing borrowers to overpay without penalties, which is particularly beneficial for those with bad credit. However, it offers higher Annual Representative Rates (ARR) compared to other providers and loan amounts are limited. Additionally, borrowers are required to complete the loan process in a local branch, which may be inconvenient for some. Despite these considerations, Everyday Loans offers a valuable solution for individuals seeking quick decisions, fixed rates and accessibility despite poor credit history.
  • Instant decisions
  • Fixed interest rates
  • Overpay without penalty
  • Offers loans to those with bad credit
  • High ARR
  • Limited loan amounts
  • You have to complete loan in local branch
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.
Everyday Loans Personal Loan
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99.9% APR representative (Fixed)

Maximum loan


Product fee


Early redemption fee


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.

Compare Everyday Loans

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Name Product Ratings Customer rating Finder score Total Payable Monthly Repayment Representative APR Link
Everyday Loans Personal Loan
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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.

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 Loans loan rates at a glance

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.

Quick overview of Everyday Loans personal loans

Loan amounts From £1,000 to £15,000
Loan terms From 18 months to 5 years
Age eligibility 18 years and over
Application fee No application fee
Repayment holiday Repayment holiday not permitted

Key features

Loan typeUnsecured Personal Loan
Loan amounts£1,000.00 to £15,000.00
Loan terms18 Months to 5 Years
Loan rate typeFixed
Product fee0%
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

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”.

What is APR?

If you’re comparing any credit-based products, it won’t be long before you’ll come across the Annual Percentage Rate (APR). This figure is designed to provide an annual summary of the cost of a loan. It takes into account both interest and any mandatory charges to be paid (for example, an arrangement fee) throughout the loan.

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.

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 6,600 reviews (updated February 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

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

More guides on Finder

  • Everyday Loans calculator

    Considering a loan from Everyday Loans? Use our calculator to work out how much it will cost you each month and overall.

  • 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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