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.

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.
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

See for yourself just how affordable our loans are.

Online secured loans calculator

Home > Help & Advice > Loan Calculator

Our loan calculator can be used as a guide and will show you an example of typical monthly repayments and total repayable when a loan amount and loan term is selected.

Before you go ahead and submit an application for a secured loan, it’s worth trying out our nifty loan calculator first. The calculator allows you to select a total loan amount and repayment period, which is then converted into a typical monthly repayment period with a typical rate of interest applied. This allows loan applicants to evaluate their current financial situation and get a much clearer view of the value of loan they are able to afford before they submit a formal application.

Plus, it’s really easy to use! Simply select the total amount you’re looking to borrow from the drop-down menu – whether that’s a £1,000 loan, a £5,000 loan or a £10,000 loan. Our maximum secured loan amount that you are able to borrow is £20,000. You will then also need to select a repayment period that suits you. This ranges from over 12 months to over 180 months, though the interest rate is liable to increase the longer the long repayment period you choose.

From there, the calculator will generate the typical APRC interest rate to show the total repayable and the typical repayments that you’re due to pay each month. Try it out for yourself below…

So, for instance, let’s say you are looking to apply for a £2,000 loan which has a repayment period of over 24 months, though you have a poor credit rating and have been refused credit elsewhere. At an estimated 67% APRC added interest rate, you would be due to repay a total amount of £3267.36, which works to a monthly repayment schedule of £136.14 for each month of the loan period.

Whichever loan amount you’re looking to borrow, it’s important to be aware that this calculator provides our customers with an estimate based on an average customer’s financial situation and credit rating. The figures may, therefore, be subject to change in lieu of your own individual situation once we have evaluated all necessary factors.

In order to receive an exact quote for the terms and conditions of your own secured loan, it’s best to give one of our expert loan advisors a quick call today on 0800 138 7181 to talk through your credit needs.

* Evolution Money is a responsible lending partner, therefore loans applied for through Evolution Money are subject to affordability checks and further criteria being met by the applicant. T & Cs apply.

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 112 reviews over the past year. 112 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.

Socialise

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,
Manchester,
M1 3BE


Registered Company Number: 06987852

Contact by Phone

General Enquiries:
0161 814 9158

Complaints:
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