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A secured loan is the perfect way to get the money that you need

What are secured loans usually used for?

Secured Loans > Our Loans > Homeowner Loans > What are secured loans usually used for?

A secured loan may be an option to get the money that you need even if you have had problems obtaining other types of loans.

You may need funds for a car, or a wedding and a secured loan can unlock the equity in your home to get you the funds that you need at an affordable rate.

What are the advantages of a Secured Loan?

A secured loan can be used for almost any purpose, be it a car, home improvement or a holiday. All you need to do is show that you have the equity in your property to act as security and can afford the loan repayments. Even if you have negative equity issues you may be considered, as long as you have the means to make the repayments.

Your repayment term is likely to be considerably longer than with an unsecured loan, allowing you to spread the cost of paying back the money over a more manageable period for you. However, you may pay more back over the longer term.

What Do You Need a Loan For?

Secured lending can provide you with the money you need to do almost anything you want. Maybe you need a home improvement loan or want to fund your honeymoon? This type of loan could be the answer. A secured loan may be especially valuable if you need more funds than a personal or other type of loan can provide.

There are many reasons why people opt for a secured loan — not least to consolidate debts and potentially reduce their monthly repayments. You can also use the money to fund your children’s’ journey through university, a much-needed gap year or to pay for a well-earned break for you and your family.

Evolution Money does not base its decision solely on credit checks, as it is interested in you now and not in your past, but as a responsible lender it will still want to ensure that you can make your repayments and are not taking any unnecessary risks. So, we will undertake an affordability check.

Secured loans are available from £5,000 to £50,000 through Evolution Money in order to fund once-in-a-lifetime trips, major home extensions or improvements. Unlocking the equity in your home can mean that your dreams are within reach, even if your credit history is not as positive as you would like it to be.

Using your home as security can be a very effective way of getting the money that you need, but you must ensure that you can make the repayments, both now and in the future. Failing to do this can put you at risk of losing your home.

You can help us help you by ensuring that all of the information that you provide is completely accurate in order to make sure that you are offered a loan that you really can afford to repay.

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