We believe in being open and honest about our loans. So we’ve broken down the Total Amount you repay for your loan so you can see what your repayments go towards – see below for a full breakdown of our Representative Loan Example:
|Loan Amount (i)||£7,540|
|Loan Term (i)||120 months|
|Monthly Repayments (i)||£196.17|
|Interest Rate||26.82% PA (variable)|
|APRC Representative Variable (i)||33.87%|
|Total Amount Repayable (i)||£23,540.40|
Interest APRC can vary dependent on various factors such as, loan amount, loan term, income, house value, credit check and other assets. Evolution Money is a responsible lending partner, therefore loans applied for through Evolution Money are subject to further checks and criteria being met by the applicant.
This example includes an Arrangement fee of £754.00 (10% of the loan amount) and a Servicing fee of £ 603.20 (8% of the loan amount).
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 REPAY.