36.48% APRC Typical Variable

Typical Example: Loan Amount: £5,000, Loan Term: 72 Months, Monthly Repayments: £155.33, Total Amount Repayable: £11,183.76. This example includes a fee of £900 (18%). Read about our Rates and Fees.

Maximum APRC:  98.67%. Max rate figure is based on loan amount applied for, loan term and personal circumstances of applicant. Repayment periods: Secured loans: minimum 1 year – maximum 15 years.  We do not offer loans which require full repayment within 60 days or less.

THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER LOAN SECURED AGAINST IT.
IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING, YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.
Direct dial to see if you qualify 0161 814 9291
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It’s important to make sure you can afford your loan.

Affordability Assessment Information

Home > Affordability Assessment

As Evolution Money are responsible financial service providers, it’s important to us to be sure that customers applying for second charge borrowing are able to afford their loan now and throughout the loan term.

To facilitate this, a loan application will require a detailed Income and Expenditure Assessment to be discussed. This will include information about

  • All the money coming in and out every month, and all payments being made
  • Including : Contractual payments such as mortgage, loans and services
  • Other regular amounts for food, clothes, travel and entertainment.

To help you collate this information, you can download our comprehensive Income and Expenditure form here or fill in online: www.evolutionmoney.co.uk/help-and-advice/income-and-expenditure

When making an application, one of our professionally trained Underwriters will go through the information with you. So before speaking to one of our team, it’s recommended for you have this form in front of you (either printed or online) and this will assist the smooth progress of the loan application

Please remember, you need to be as honest and as accurate as possible, so that we can advise you on the most affordable loan which suits you and your circumstances.

If we are unable to carry out the affordability assessment because you have chosen not to provide the required information;

  • Evolution Money will not be able to process your loan application.
  • You will not receive the credit that you have applied for.

A credit search will be carried out so that we can clarify all the information provided. You can find more information on credit searches here www.evolutionmoney.co.uk/legal/privacy-policy

As part of the application process, we will also ask you to provide copies of your bank statements and wage slips or Self-employed account documents as evidence to confirm what is discussed together;

  • 3 pay slips if paid monthly – 4 pay slips if paid weekly or fortnightly
  • 3 recent monthly bank statements
  • If Self-employed : SA302 form or Certified Accountants Certificate

We hope that our Income and Expenditure form helps you record the financial information you need for the affordability assessment, and for your Evolution Money loan application.

PLEASE THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING, YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU PAY

Warning: Late payment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

How our customers rate us

We’re proud of the high standard of our customer service and believe that each of our customers should be treated as an individual.
Evolution Money 86 out of 100, based on 332 ratings. 332 user reviews. Read our reviews

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Our Address

Evolution Money,
9 Portland Street,
Manchester,
M1 3BE


Registered Company Number: 06987852

Contact by Phone

General Enquiries:
0161 814 9291

Complaints:
0800 781 4095

Contact by Email

Evolution Money Limited is a licensed credit broker and service provider to Evolution Lending Limited. If your application doesn’t meet the underwriting requirements of Evolution Lending Limited we may pass your information to other lenders and brokers. Evolution Money Limited is a company registered in England & Wales, registration number 06987852 and registered at 8 St John Street, Manchester, M3 4DU. Authorised and regulated by the Financial Conduct Authority, firm reference number 708324.

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