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£50,000 loans for bad credit

Secured Loans > Our Loans > £50,000 loans for bad credit

 £50,000 Loans for bad credit

If you’re thinking of making home improvements, consolidating debts or covering another large cost, a secured £50,000 loan from Evolution Money could put these goals within your reach.

We offer flexible repayment terms from 1 to 20 years to suit your financial circumstances. Everything will be clear upfront, and there are no hidden fees to worry about. Even if you’ve been turned down by other lenders, you could still get a secured £50,000 personal loan with bad credit.

Use our form to apply online for a £50,000 secured loan or speak to our qualified loan advisers on 0161 814 9158 for a free no-obligation quote. We’ll be happy to advise on a loan that’s suitable and affordable.

You can read our reviews to find out what people think of our loans.

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How much do you want to borrow? £5,000 to £100,000
For how long? 1 to 20 years.
Loan Purpose
What is your loan for? Your answer won't affect our decision but is helpful to know.
Is this a joint application?

Apply for a £50,000 secured loan online today

If you want to upgrade your home, consolidate your debts or fund a new car, our £50,000 loans can help you achieve your goals.

Apply online or call our qualified loan advisers on 0161 814 9158 for a free no-obligation quote.

Remember: we look at more than just your credit rating, so you can still apply for a secured £50,000 personal loan with bad credit.

If you're looking to obtain credit, our secured loans can be used for a range of purposes

Carry out home improvements; a great way to invest back into your property
A wedding loan could turn your dreams into a reality
Bigger personal items such as cars can be financed using a secured loan
Take your family on that much needed holiday
Even if you have bad credit we could still help you with a loan

How do secured £50,000 loans work?

Also known as homeowner loans, we offer £50,000 loans to UK residents that are ‘secured’ against your property. This lowers the risk of lending from our perspective while also improving your chances of getting approved and accessing a better loan. Plus, you can apply online in minutes.

Beyond the security element, our £50,000 loans work like standard instalment loans. If we approve your application and fund your loan, you will then repay the loan back in regular payments with interest on top.

The length of your repayment term can range from 1 to 20 years depending on your affordability and preferences. We offer total transparency around costs too – there are no hidden fees or charges.

What are the benefits of a secured £50,000 personal loan?

The key advantages of a £50,000 secured loan are:

  • Accessibility: If you have a hard time getting approved for credit, offering security reduces the focus on your credit score and could improve your chances of getting the money you need.
  • Flexibility: We offer repayment periods from 1 to 20 years, which means you can spread out your payments in a way that suits your budget.
  • Better rates: Using your home as security may help you access better £50,000 loan interest rates too, reducing how much you repay in total.
  • Range of purpose: Need a £50,000 home improvement loan? Want to consolidate your debts? We offer loans for almost any purpose.

What should I consider before applying for a £50,000 cash loan online?

Borrowing any amount of money comes with an element of risk if you can’t afford your repayments. Try to think carefully about how much you need, what for and how you’ll pay it back. As a responsible lender, we always offer loans that we’re confident our customers can afford and are sustainable.

With a secured £50,000 personal loan, you risk having your home repossessed if you become unable to make your repayments. Missing payments will also damage your credit score, which is likely to make it harder to get credit in the future.

What can a loan from Evolution Money be used for?

Apply for £50,000 loan

Can I get a £50,000 loan?

You can apply for a £50,000 loan online if:

  • You’re aged between 18 and 70 years old
  • You’re a homeowner
  • You live in the UK
  • You can afford the repayments based on your regular income

Can I get a £50,000 personal loan with bad credit?

We’ll assess your application based on your wider financial and personal circumstances. This is because we understand that being able to repay the loan is more important than your credit history or the equity you have in your home. So, if you’re looking for loans up to £50,000 with bad credit, we might still be able to help.

How to get a £50,000 loan with Evolution Money

To apply, complete our secure application form or call 0161 814 9158 if you’d prefer to speak to someone. If you meet our initial lending criteria, one of our qualified loan advisers will give you a free no-obligation quote for the £50,000 loan you need.

We’ll ask for the following documents as part of the process:

  • Proof of address (such as utility bills)
  • Proof of income (your last 3 months payslips or tax returns)
  • Proof of identity (passport or driving licence)
  • Bank statements for up to the past three months
  • Your mortgage account number and home insurance documents

We’ve helped thousands of customers find a suitable loan since 2011 and have a proud history of helping people who’ve been refused finance elsewhere. You don’t need a physical appointment and we can complete an online valuation of your home, in most cases.

Questions you may have...

What can a loan of up to £50,000 be used for?

Our secured loans can be used for almost any purpose. Here are the most common reasons that people choose to apply for a £50,000 loan:

Home improvements

Your home is your greatest financial asset, so it makes sense to try and boost the value of it in any way possible. A £50,000 home improvement loan can fund significant home improvements, like a kitchen, extension or conservatory, as well as overdue renovations and maintenance.

New car or motorbike 

Whether it’s out of necessity or time for an upgrade, a £50,000 loan can go a long way towards buying a car or motorbike. Our loan experts are here to help weigh up your options and make sure the repayment terms fit within your budget. Just apply now at the top of the page to get started.

Debt consolidation

If you’re struggling to keep up with multiple debts from different providers, a £50,000 could transfer what you owe into a single manageable repayment. It’s a simple way to regain control and build your way back to financial stability.

How long is the repayment period on a £50,000 loan?

You can apply for a £50,000 loan with repayments spread over 1 to 20 years. The amount of interest you’ll pay depends on the timeframe you choose. Shorter repayment periods generally offer a smaller total repayable amount, while longer periods come with smaller monthly repayments.

Whether you’re considering repaying your £50,000 loan over 10 years or two, we can talk through a range of terms to find the one that suits your personal and financial situation.

How quick will I receive my £50,000 loan?

We aim to fund all our £50,000 loans as soon as possible once approved. An easy way to speed things up is to send us any documents we ask for as part of your application as quickly as possible.

Read more about our loan process.

What will my £50,000 loan cost overall?

There are a couple of charges to be aware of on top of your loan amount and agreed interest rate.

First is our Lending Fee which for a £50,000 loan is £699. You’ll then pay a Product Fee that’s 10% of the loan amount – which works out as £5,000 on a £50,000 personal loan.

Your £50,000 loan interest rate will be variable, which means the amount of interest you pay can go up or down over time. Whatever your agreed rate, we’ll make sure all the costs involved are clear before you decide to go ahead.

Apply online for a more accurate idea of what a secured £50,000 loan will cost you based on your current circumstances.

Can I get a £50,000 loan if I’ve been rejected elsewhere?

Knowing how to get a £50,000 loan with bad credit isn’t always easy. But we look beyond your credit score to consider factors like your income and outgoings, so we could be able to help. Using your home as security can also increase your chances of getting approved.

But please bear in mind that making lots of unsuccessful loan applications in a short period of time can damage your credit score.

Why choose Evolution Money for an online £50,000 loan?

  • We’ve matched thousands of customers with loan amounts and repayment terms to suit their budgets and borrowing preferences.
  • We look at more than just your credit history, so you could still get a secured £50,000 personal loan with bad credit.
  • We’re clear and honest about our fees. You’ll know all your costs upfront and won’t get hit with any nasty surprises.
  • Don’t just take our word for it – over a thousand people have rated us positively on Feefo, an independent review platform.
  • We’re authorised and regulated by the Financial Conduct Authority and are registered members of the Finance and Leasing Association.

Can I borrow a different amount?

We offer secured personal loans from £5,000 to £100,000. If you need to apply for a little more or a little less, you can. Just go to Loans > Loans by Value in the menu at the top of this page.

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 96 out of 100, based on 178 reviews over the past year. 178 user reviews. Read our reviews

Members of the The Finance & Leasing Association

FLA logoWe are a member of the FLA (Finance and Leasing Association) and subscribe to its lending code.

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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 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 9 Portland Street, Manchester, M1 3BE. Authorised and regulated by the Financial Conduct Authority, firm reference number 708324.


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