36.48% APRC Representative Variable

Typical Example: Loan Amount: £5,500.00, Loan Term: 72 Months, Interest Rate: 26.82% PA (variable), Monthly Repayments: £170.86, Total Amount Repayable: £12,301.92. This example includes an Arrangement fee of £550.00 (10% of the loan amount) and a Servicing fee of £440.00 (8% of the loan amount). Read about our Rates and Fees.

General Enquiries 0161 814 9158   New Applications 0161 814 9291
This website uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Continue

Have a question...?

Your questions answered

We want everything to be as simple and straightforward as possible, so we hope this page answers any questions you might have.

If it doesn’t, please feel free to contact us and we’ll answer any questions you have.

How much can I borrow?

From £1,000 to £20,000, subject to status. Evolution Money is a responsible lender therefore Evolution Money Loans are subject to further checks and criteria being met by the applicant.

What information do I need to provide to apply for a loan through you?

Every application is different, your Personal Account Manager will explain exactly what you need. However, we usually ask you for proof of identification, proof of income, bank statements and proof that you are a homeowner.

How long can I take the loan over?

That depends on which product you qualify for. It could be anything from 12 months to 15 years. Please remember some loan amounts will have a loan term limit.

What is a secured loan?

As the name suggests, with a secured loan you offer some form of security, in this case your home. A loan secured against a mortgaged property is known as the ‘second charge’ on the property. The mortgage is the first charge. If you have paid your mortgage off you may still qualify for a secured loan – speak to us, and see what your options are.

What can I use the loan for?

Evolution Money loans are multi-purpose. A lot of our customers choose to clear existing debts and reduce their monthly outgoings or they choose to invest in their property and carry out some home improvements.

Why do people choose secured loans?

After the Credit Crunch, many lenders tightened their lending criteria, making it difficult for people with a less-than-perfect credit history to get a loan.However, one option open to them is to secure the loan against their property. Secured loans also allow people to borrow a large amount over a longer period of time, making the monthly payments more manageable.

How do I apply for a loan through Evolution Money?

We’ve tried to make the process as clear and simple as possible. You can find a full, step-by-step guide here.

Are there any age restrictions for a loan through Evolution Money?

You have to be between the age of 18 – 70.

How do I make payments?

By direct debit from your bank account.

My property is owned jointly, do we both need to apply for the loan?

Yes, if you jointly own your property, you will need to make a joint application. You’ll both need to complete and sign the application and legal documents.

How will I receive the money?

The loan advance will be paid into your bank account.

When will the first repayment be due?

We will take payment on your first pay date following completion
 of the loan. So it will depend on how close your first pay date is to the completion of the loan. In some cases a customer payment may be in a few days after loan completion, in others, it could be a couple of weeks following completion.

Is the interest rate fixed for the duration of the loan?

Most secured loans have variable interest rates. That means the payments may go up or down during the term of the loan. If the interest rate on your loan increases then your payments will increase. You should consider this when budgeting for the repayments of your loan.

Do you charge for your service?

We do not charge for a quote, and there are no upfront fees for our services. If you are successful in obtaining a loan, then there are is an acceptance fee as part of the services we offer which is a percentage of the loan we can provide for you.

Can I settle my loan early?

Certainly, although there will be a charge for early repayment. Your Loan Agreement will tell you exactly how we work this out. You should also be aware that if you repay your loan early, the amount you will repay may be greater than the amount you originally borrowed.

What happens if I don’t keep up repayments to the loan?

It’s important to make all your payments on time as agreed, so that additional fees aren’t added to your account. If you are having trouble making your payments, or just think that you might, please contact us immediately and we will do everything we can to help. If you continue to miss payments and we are unable to resolve the situation satisfactorily, as a last resort we will instruct our solicitors to commence proceedings against you. It’s vital to keep up your repayments as, ultimately, you risk losing your home if you don’t. Please refer to www.moneyadviceservice.org.uk.

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 90 out of 100, based on 357 ratings. 357 user reviews. Read our reviews

Members of the The Finance & Leasing Association

FLA logoThe Finance & Leasing Association is the leading trade body for the motor finance, asset finance and consumer credit industries in the UK.


Feeling social? Check out our social pages!

Tweet us on Twitter
Like us on Facebook
Pin us on Pinterest
Add us on Google+

Our Address

Evolution Money,
9 Portland Street,
M1 3BE

Registered Company Number: 06987852

Contact by Phone

General Enquiries:
0161 814 9158

0161 814 9165

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.

© 2017 Evolution Money | Privacy Policy | Cookie Usage | Complaints Policy | Breaking Down Our Loans | Terms & Conditions
Apply Online
I want to borrow £

You will receive a call today to continue with your application.
Thank you for taking the time to fill in our online enquiry form. Unfortunately in this instance we won't be able to help as being a homeowner is one of our primary requirements.
Start Here
Please wait

Please wait

Don't leave just yet!

Evolution Money are a multi Award Winning UK finance company with thousands of happy customers!

Award Winning

Our friendly loan advisors can let you know if you're eligible for a loan without affecting your credit score. Why not give us a call today!

Freephone 0800 144 8188

Back to Evolution