Everyday Loans
Our Online Loan Buys *
| Typical APR | Per Mth | ||
|---|---|---|---|
|
7.9% | £200.99 |  |
|
8.6% | £204.10 | |
|
8.6% | £204.10 | |
|
8.7% | £204.55 | |
|
9.5% | £208.16 | |
| * Based on £10000 over 5 years and is not a full search of the whole market | |||
Everyday Loans is a specialist lender that offers loans between £1,000 - £10,000 over any term between 13 months and five years (up to 60 months). You do not have to own your own home to borrow from Everyday Loans. Unlike many other lenders, they do lend to people that are living with their parents or in rented accommodation. They offer unsecured personal loans and the interest rate you get will depend on how well you have managed your finances in the past.
If you are thinking of arranging a personal loan from Everyday Loans you will need to be employed and aged 18 years or over. You will also need to have a minimum annual income of £10,000 before tax and a bank account that accepts direct debits. Everyday Loans does not offer loans to students, people that are unemployed or people whose only income is a pension.
Even if you've had problems with your finances in the past, Everyday Loans will still consider your application. If you have missed a number of payments on other bills, loans, credit and store cards etc, or have a CCJ, you will be quoted a higher interest rate. If you demonstrate good payment history and keep up-to-date with the repayments on your loan with Everyday Loans, they will review your loan after 5 to 6 months to see if it is possible to offer a lower interest rate.
Everyday Loans is a branch based lender which means you will need to meet with them in your local branch to process the loan. Experienced staff will help you review your current financial situation and work out what you can comfortably afford to repay, tailoring a loan that fits your circumstances.
The exact amount that you pay will be based on your personal credit rating and may be lower or higher than Everyday Loans' quoted typical APR. You may not take repayment holidays with an Everyday Loans personal loan.
Everyday Loans was set up in 2006 as a specialist lender offering unsecured personal loans to customers with impaired credit through its branch network. Everyday Loans currently operates 25 branches located in most of the major cities across the UK.
Nothing in this article constitutes investment advice or a recommendation by Moneyextra to invest in any product, or employ any service, mentioned or advertised.