Secured Loans from £5,000 to £100,000
Repayment terms from 3 to 20 years
Rated 'excellent' by customers on feefo
Regulated by the Financial Conduct Authority
Our secured loans can be used for many different purposes: to pay for a house renovation, consolidate debts, finance a new vehicle, or manage the cost of one-off expenses.
We offer a simple application process, flexible lending terms of 3 to 20 years and no-obligation quotes when you choose us as your secured loan provider.
Start the process today by checking your eligibility online. It only takes a few minutes and won’t affect your credit score.
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Advice from a qualified adviser
What is a secured loan?
A secured loan is when you borrow from a lender and put an asset up as collateral – usually a home. The lender can then take possession of this asset if you fail to make your repayments.
Secured personal loans are usually large and ours range from £5,000 to £100,000. Lenders of secured loans are more likely to give out larger borrowing amounts because they have a lower risk and can recover any money that’s not repaid.
Ensure you’re confident you can make the repayments before you take out a loan because you could potentially lose your home if you don’t.
You can check your eligibility online in minutes without affecting your credit score.
Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
What are the advantages of a secured loan?
If you need money but have been refused in the past, here’s why a secured loan might be an option for you:
What are the disadvantages of a secured loan?
There are factors you should be aware of before taking out a secured loan. These include:
What can secured loans be used for?
Why choose Evolution Money for a secured loan in the UK?
If you own a home, a secured loan from Evolution Money may be a suitable option. We can help you find payment terms that suit your circumstances.
That’s because our approach is different to other lenders. Rather than focus solely on your credit history, we look at your full story. We know everyone’s situation is unique – including yours, regardless of whether you’ve had credit problems in the past or not.
Here are some reasons you might choose a secured loan with us:
How do secured loans differ from unsecured loans?
Secured loans work differently to unsecured loans. A secured loan is ‘secured’ against an asset, while an unsecured loan isn’t. This means that a less-than-perfect credit history needn’t always be a barrier to getting the money you need.
What do I need to do to apply for a secured loan?
We’re committed to being clear and upfront about everything involved in getting a secured loan through us. That’s why we created a clear step-by-step guide to our loan process.
Are secured loans hard to get?
Because a secured loan is tied to your property, lenders may be more open to higher amounts or longer terms than with unsecured borrowing. However, you must keep up with repayments or your home could be at risk.
Am I eligible to apply for a secured loan?
To qualify for a secured loan with Evolution Money, you need to:
How much can I borrow?
Evolution Money can provide secured loans from £5,000 to £100,000.
How long is the repayment term?
The amount borrowed can be tailored to what is affordable for you and your circumstances. Evolution Money offers secured loan repayment terms ranging from 3 to 20 years. Because the loan can be repaid over a longer period, monthly repayment amounts may be lower, but you may pay more interest overall.
Can I use a secured loan to build my credit score?
Yes, if you make your repayments on time. Making consistent repayments could help improve your credit score, while missed payments could harm it.
Apply for a secured loan today
In just a few minutes you’ll know if you could be eligible for a secured loan with us. It won’t affect your credit score and you’ll get a clear view of your options before speaking with an adviser.
We’ve helped people across the UK manage their borrowing. Read their experiences.
We only offer one type of loan – a secured homeowner loan. But there are different ways we may be able to make it work for your situation. Whether you have bad credit, own part of your home, have a Help to Buy property or want to apply with someone else. We’ll look at your circumstances and see what’s possible.
We look beyond credit scores. If you’ve had issues in the past, we may still be able to help.
Learn more about bad credit loansApplying with a partner could boost your chances and help you borrow what you need.
Learn more about joint loansSubmit your details with Evolution Money in minutes and find out if a Secured Loan is right for you.