We’ve helped thousands of customers secure the loans they need for many different reasons. Here are some of the most frequent:

Business re-investment: Owners often take out a long term investment business loan to help finance the present and future of their company. It can be used to invest in premises, resources, stock or any other plan for expansion.

Debt consolidation: We hear from many people who are looking to consolidate their existing debts into one monthly payment, yet have been refused for credit elsewhere. A long term loan for bad credit is an option for those with a less-than-ideal credit history as it allows applicants to use their assets as collateral while reducing their repayments with multiple lenders.

A debt consolidation loan from Evolution Money uses your property as security. You need to be able to afford the repayments through your regular income, please think carefully before securing debts against your home, as you risk losing your home if you fall behind on your repayments.

Home improvement: Our home is our biggest asset, so it’s no wonder that homeowners continually look for ways to add value to their property. Whether it’s an extension, loft conversion, conservatory or simply some overdue maintenance work, a long term home improvement loan can help to fund any renovation.

The maximum repayment duration with Evolution Money is 20 years. However, a long term loan is generally considered to be any agreement with a repayment period that is longer than one year. Due to the level of financial commitment involved, many long term loans are secured against a person’s house, car or other available financial assets. With us, your loan will be secured against your property.

Repayments are generally made via monthly instalments with any additional rate of interest calculated as part of the cost. However, customers have the right to settle their loan early.

We offer long term secured loans of between £5,000 and £100,000, depending on your eligibility.

If you’re approved, we’ll do all we can to make sure you have your long term loan as soon as possible. There have been cases in the past where customers have received their funds in just a few days of being accepted, but this will depend on a number of things – such as how quickly you can supply us with all your documents.

You can choose to repay a long term loan over anything from years. The most important thing is to set out a repayment schedule that’s going to work for you and your financial situation. Shorter repayment terms typically mean you will pay back a lower overall amount, but we’ll be on hand to discuss your options and find a solution that works.

Our simple online loan form can be used to apply, an adviser will then go over an initial idea of what your repayments might look.

For all our short and longer term loans, we are completely transparent about the fees attached. As well as interest, there is a Lending Fee of £763, depending on the loan amount, and a Product Fee that is calculated as 10% of the loan amount. Our simple table offers an easy and detailed breakdown of our loans.

To apply for a longer term loan with Evolution Money, you must:

• Be aged between 21 and 70 years old
• Have a mortgage
• Live in the UK
• Be in a position to afford the repayments from your regular income

We’ve made the process perfectly simple. Just head to our online form and fill in a few basic details. After that, you’ll be able to speak to an adviser and they’ll provide you with a no-obligation quote. Or if you prefer, just give us a call and we’ll be happy to talk to you over the phone.

To make sure your application runs as smoothly as possible, it will be helpful if you have the following documents close at hand:

• Proof of address (such as utility bills)
• Proof of income (your payslips from the past three months or tax returns)
• Proof of identity (such as a passport or driving licence)
• Bank statements for up to the past three months
• Your mortgage account number and home insurance documents

If you’ve been declined in the past, you don’t need to worry. We offer long term loans with bad credit so even if your history is less than perfect, rest assured it’s not the only thing we take into consideration. We’ll look at your financial situation as a whole and we want to approve as many applications as we can.

Here are just a few reasons to rely on Evolution Money as your lender of long term loans in the UK:

• We’ve lent to more than 28,350 customers, figuring out flexible repayment terms on loans that worked for them.
• Our founders’ combined experience exceeds 100 years in the industry. That wealth of knowledge helps to shape our products and our service.
• Our glowing customer reviews have earned us a five-star Feefo rating as well as the Platinum Trusted Service Award 2020.
• We’re a member of the Finance and Leasing Association and we subscribe to its lending code. We’re also fully authorised and regulated by the Financial Conduct Authority.