Evolution Money Loan Process
Navigating a loan process can be overwhelming. Our ‘Evolution Money Loan Process’ video breaks down the journey, offering a step-by-step guide to make your experience seamless.
There are many reasons consumers come to Evolution Money to access finance.
Sick of computer says no? Evolution Money are committed to making responsible lending decisions without solely relying on credit scores to determine whether to lend or not.
We manually underwrite each application to ensure we fully understand each individual’s unique financial circumstances.
Our team of qualified mortgage advisors will guide you through the application process over the phone and take time to understand your needs and provide you with a tailored recommendation to meet those needs.
By taking a more comprehensive approach we’re able to consider your financial history and your circumstances surrounding it.
We understand applying for a loan can be stressful, which is why we strive to provide a transparent and personalised service to each of our customers.
Following your phone-based application all documentation can be sent to you by your preferred method.
We will then give you time to consider your offer and request you submit your documentation to us such as proof of income, ID and bank statements. This is to ensure our underwriting team can verify the information provided to your advisor.
When your information is verified, we can then provide a final binding mortgage offer to you and aim to release your funds.
Speak to one of our qualified mortgage advisors who are committed to helping you achieve your financial goals.
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For a typical loan of £30,000.00 over 120 months with a variable interest rate of 19.56% per annum, your monthly repayments would be £598.34.
Including a Product Fee of £2,400.00 (8% of the loan amount) and a Lending Fee of £807.00, the total amount repayable is £71,800.20.
Annual Interest Rates ranging from 11.88% to 29.38% (variable). Maximum 50.00% APRC. The loan must be paid back by your 70th birthday. Read more.
Think carefully before securing debts against your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured against it. If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.
