Everyday Loans Review
- Leading loan provider in the UK
- No hard credit checks
- Wide range of loans available for different borrowing needs
Whether you’re looking for loans for bad credit or you want to take out a loan for home improvements, to pay for a wedding or to purchase a new car, there are several options you can look into.
Everyday Loans is one of the UK’s leading loan providers and in this guide, we’ll be talking you through Everyday Loans reviews, plus the types of loans you can get from Everyday Loans and how much money you can borrow.
If you want to know more about Everyday Loans rates and how you can be accepted for one, check out our review of Everday Loans below.
What is Everyday Loans and what types of loans does it offer?
Everyday Loans was established in 2006 as an independent personal loan lender to people in the UK.
You can apply for a loan with Everyday Loans either online, over the phone or in one of their many nationwide branches.
Applications for Everyday Loans is straightforward and simple; you simply apply online and you’ll then receive a conditional offer within minutes and then you’ll have to visit an Everyday Loans branch to finalise your loan with an expert.
Loan application acceptance is based on an individual basis and there isn’t set criteria that fits everyone, so Everyday Loans can be flexible with the amount of money they can lend each person, depending on your own individual circumstances.
While, of course, the people at Everyday Loans do look at your credit score and credit history, they also recognise that not everyone has a perfect credit score, so they’re happy to discuss your loan options even if you have bad credit. Your initial loan application won’t affect your credit score either.
Types of Everyday Loans you can get
Everyday Loans offer a vast range of different loans for many different reasons, take a look at some of the most common loans they offer below:
- Bad credit loans
- Debt consolidation loans
- Home improvement loans
- Car loans
- Wedding loans
- Short-term loans
- Long-term loans
- Personal loans
- Unsecured loans
- Loans for couples
- Loans for young people
- Refused a loan
- Joint loans
- Self-employed loans
How much can you borrow with everyday loans?
You can borrow up to £15,000 from Everyday Loans for almost any purpose, but the exact amount of money that you can borrow depends on the following factors:
- How much you can afford to borrow and pay back.
- Your current financial situation, including your current incomings and outgoings.
- Whether you own your own home or rent a property.
- Your financial past and the status of your credit history.
Why choose Everyday Loans?
- When you make a loan application with Everday Loans, they don’t perform a hard credit check on you, which means even if your application is not accepted, your credit file won’t be affected so it won’t impact your ability to be accepted for another loan or line of credit in the future.
- You can borrow anywhere from £1,000 up to £15,000, depending on your individual circumstances. Your loan term can be anywhere from 18 months to 60 months and for almost any purpose apart from gambling, business use or illegal purposes.
- Even if you’ve struggled to obtain credit in the past and your credit score isn’t exactly in the best position, Everyday Loans may still be able to offer you a loan, as long as you’re over 18-years-old, you’re a UK resident and you can prove that you’ll be able to make the repayments.
- Everyday Loans are a direct lender and not a financial broker so they won’t charge a fee to consider your loan application.
- You can receive a conditional offer for a loan within just a few minutes as the initial application stage is easy and straightforward. The in-person branch meeting also only takes around 45-minutes too, so you could have your loan accepted quickly.
What do I need to do to apply for an Everyday Loan?
Once you’ve made your online application for an Everyday Loan, you will then be invited to an in-person meeting at one of the nationwide branches. At this meeting, you will have to bring several important documents with you to ensure that your loan application can go ahead.
- A valid form of ID such as your driving licence or passport.
- Proof of where you live including your address, plus a copy of a recent utility bill, bank statement or television licence renewal agreement.
- You will also need to bring proof of your income and job situation, including a recent payslip from your place of work if you’re employed, two months’ worth of bank statements, your self-assessment tax return if you’re self-employed and the previous year’s accounts from your business as approved by an account.
As each loan is provided on an individual basis, you may be asked to bring other documents with you to your loan meeting at Everyday Loans.
How long does it take to get accepted for a loan with everyday loans?
Most loan applications at Everyday Loans can be done online or over the phone in a matter of minutes, including arranging your in-branch appointment. Once you’ve made the initial application and secured a meeting appointment, your in-person meeting should take no longer than 45-minutes and you’ll usually get all the necessary details of the confirmation of the loan at the meeting.
What if you struggle to make the repayments?
If your situation changes and you suddenly find yourself struggling to make the repayments of your loan, you must inform Everyday Loans straight away who will usually be able to help you reach an agreement or arrangement depending on your loan terms.
What are the Everyday Loans fees?
Unlike many other loan providers, Everyday Loans pride themselves on not charging any hidden fees when it comes to their loans.
Everyday Loans reviews
Everyday Loans have an impressive 4.9/5 Feefo rating based on 4,000 reviews. They also have a 4.7/5 star rating on Trustpilot based on 3,923 reviews, with 89% of reviewers rating their service as either great (4%) or excellent (85%).
When deciding which company to choose, whether you need to take out a loan or get a car insurance policy, be sure to check out the real-life reviews on sites like Trustpilot so that you can make a more informed decision.