Award-winning loans for homeowners

A secured loan requires you to put up an asset as security for the lender. When you apply for finance with Evolution Money, your loan will be secured against your property.

There are a number of benefits to taking out a secured loan. For example:

• Lower interest rates: These can be cheaper than those attached to unsecured loans, which makes the regular repayments more affordable.
• Higher loan amounts: Putting up your home as security means there is a reduced risk for lenders. This in turn means they’re more likely to offer access to larger amounts.
• Apply with bad credit: You can take out a secured loan with bad credit because the collateral you put up will mean lenders may consider more than just your credit score when reviewing your application.

As with any form of finance, it’s important that you weigh up all the pros and cons before applying. If you make all your repayments in full and on time, a secured loan can be a great option. However, if you consistently miss your payments then you could risk your home being repossessed. If you are having problems with meeting your repayment schedule, it’s vital that you speak to your lender as soon as possible.

We’re a bad credit provider, which means that even if your credit score is less than ideal, the door to securing a loan is not closed to you. We take several factors into account and we want to say “yes” to as many applications as we can.

So, if you’re worried about your credit history, or you’ve been declined for finance elsewhere, our loans for bad credit could give you access to the funds you need – with terms to suit you.

You can apply to borrow between £5,000 and £100,000, depending on your eligibility, through Evolution Money.

We understand that time is often of the essence, which is why we work quickly to make sure you receive your secured loan. In the past, we have been able to transfer funds to customers within a few days of their application being approved, but this will depend on how quickly we receive all your documentation, among other factors.

We can be flexible with our terms. You can choose to repay your loan over anything between , depending on your circumstances and what works for you. It’s important to know that shorter repayment terms generally mean you will pay back a smaller total amount, but rest assured we will talk everything through and find a solution that suits your needs.

In the meantime, head to our simple online loan form to get an initial idea of how your repayments might work from one of our advisers.

When applying for a loan, any company will require you to provide a certain amount of documentation and here at Evolution Money we’re no different. To speed up the process, it will help if you have the following to hand:

• Proof of address (utility bills, for example)
• Proof of income ( or tax returns)
• Proof of identity (a driving licence or passport)
• Bank statements for up to the last three months
• Your mortgage account number and home insurance documentation

If you have been turned down for finance in the past, there’s no need to worry. We specialise in bad credit loans, which means we’ll look at your entire financial situation and not just your credit history. We want to say “yes” to as many applications as possible, and rest assured we’ll do all we can to find you a secured loan on repayment terms that suit your needs.

There are a wide range of reasons to rely on us. Here are just a few of them:

• Our founders have more than 100 years’ combined experience, so no one understands the industry better than we do.
• We’ve provided loans to over 26,500 people, working out finance packages on flexible terms that suited them.
• Our glowing customer reviews have earned us a five-star Feefo rating as well as the Platinum Trusted Service Award 2020.
• We are a member of the Finance and Leasing Association as subscribers of its lending code, and we are authorised and regulated by the Financial Conduct Authority.