Evolution Money

Evolution Money is a credit broker for it’s parent company Evolution lending that offers secured loans ranging from 5,000 all the way up to £50,000, repaid over 12 - 240 months. You need to be an employed homeowner to qualify for a loan from Evolution Money, and will assess each application individually based on your personal circumstances. Their loans can be used for various purposes such as a wedding, holiday or debt consolidation. However, it must be remembered that if you can’t repay your loan, you’re at risk of losing your home.

Evolution Money’s representative APRC is 26.51% variable. This includes a number of fees you should be aware of. You’ll be charged a product fee of 10% of the loan applied for when going through a broker, and a lending fee ranging from £299.00 to £699.00 (depending on the value of the loan) will be charged for the assessing and processing of your application.

The application process consists of a short online form, and once submitted you’ll speak to one of their advisers, where they’ll give you an instant quote. There's no obligation to apply once you’ve spoken to them but you will be credit checked. Therefore be sure to match their application criteria before you apply.