Evolution Money Secured Home Improvement Loans

Evolution Money takes the time to look into each loan application individually and wants to get to know their customers and their circumstances.

They strive to provide:

Personal service
Clear and honest advice
Loans suited to the customer’s circumstances
Support for the customer at every step

Evolution Money doesn’t rely on automated credit scores. Instead, their advisors take a look at the customer and their lives, not their credit history or the amount of equity in their homes.

Topics

Home Improvement Loans

Evolution Money provides homeowner loans for homeowners up to the value of £50,000, with a minimum loan of £5,000, but the amount the customer wishes to borrow can be whatever suits them best.

Evolution Money offer bespoke homeowner loan repayments up to 240 months. For more approximate costs and timescales, Evolution Money has a loan calculator which gives more exact quotes.

There is a Lending Fee and a Product Fee which are added to the total amount repayable by the customer over the duration of their loan term. Evolution Money has a specific page dedicated to breaking down the fees that they will add to the final cost of any loan so that the customer can see exactly what they will be expected to repay.

A representative example from Evolution Money has a loan amount of £26,747 with a loan term of 96 months. The variable interest rate is 19.56% PA with monthly repayments of £136.74, leaving a total repayable amount of £56,883.78. This example also includes a product fee of £2,674.70 (10% of the loan amount) and a lending fee of £699.

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Other Financial Services

As well as Secured Loans, Evolution Money also provides a range of other loans. They provide loans for the purpose of:

Bad credit debt consolidation loans
Home improvement loans
Bike loans
Wedding loans
Affordable car loans
Holiday loans
Business investment loans

A loan application will require a detailed income and expenditure assessment.

Homeowner Loans

Homeowner Loans are available for homeowners with a mortgage and allows them to borrow up to £50,000. The repayment terms for this type of loan mean the customer can pay the loan back over up to 240 months.

Evolution Money has a simple application process which means that a homeowner loan could be deposited within a few days.

A customer could also apply for Homeowner Loans with bad credit, as they are using their home for collateral so it’s much more likely they would be accepted for the loan, even if they have a bad credit score.

Bad Credit Loans

Evolution Money accepts applications for a bad credit loan, even if the applicant has a history of bad credit.

The minimum loan for this loan is £5,000 with the maximum loan at £50,000. The repayment of this loan can be spread over a maximum of 240 months.

Evolution Money has an easy online form to complete to apply for a bad credit loan which sends a no-obligation quote.

No Guarantor Loans

If you don’t have a perfect credit score, you may need a guarantor to apply for a loan. Evolution Money’s No Guarantor Loans allow homeowners to apply for a loan without a guarantor.

Homeowners can borrow from £5,000 to £50,000 with this loan with a repayment term of up to 240 months.

As a specialist lender Evolution Money may be able to offer a secured loan without having a guarantor to keep their customer’s finances between Evolution Money and themselves.

Self-Employed Loans

Evolution Money offers self-employed loans from £5,000 to £50,000 with manageable payment terms of up to 240 months to help their self-employed customers with their financial situation.

They have a self-employed loan calculator so their customers can receive a no-obligation quote to see how Evolution Money may be able to help.

Joint Couple Loans

It can sometimes be difficult to take out a loan by yourself. This is why Evolution Money offers Joint Couple loans from £5,000 to £50,000 and lending terms of up to 240 months.

Joint Couple Loans offer couples the opportunity to qualify for a larger loan and offer better deals on credit too as there is more than one borrower’s collateral. A Joint Couple Loan means shared payment responsibility, ensuring that the loan is paid back even if the relationship between the two borrowers ends.

Instalment Loans

Evolution Money offers instalment loans from £5,000 up to £50,000.

With an instalment loan from Evolution Money, their customers can borrow the amount they need, with payment terms that suit their personal and financial circumstances. These payment terms can reach 240 months.

Long Term Loans

If you’re hoping to have flexible long-term finance, then Evolution Money offers repayment terms of up to 240 months.

You could receive a long-term loan of up to £50,000 with flexible terms.

Evolution Money Reviews and Ratings

Evolution Money has received mixed reviews and ratings across a series of sites such as Trustpilot, Feefo and Facebook reviews.

They do have an active Facebook account which they post relatively regularly on. They have 446 likes and are followed by 472 people.

They also have an active Twitter account that has 1,419 followers.

Some of their customers have praised the advisor’s going above and beyond to help them with their applications and requests. They praised the time for having the customer’s best interests at heart.

A few customers have felt that they didn’t receive the level of customer service they would have expected. They have been a few customers that have commented on what they perceived as unfair rejections of their applications for loans.

Trustpilot – 2.2/5 (Based on 37 reviews)

Facebook Reviews – 4.7/5 (Based on 47 reviews)

Feefo – 4.8/5 (Based on 292 reviews)

Pros

Long repayment terms offered
Bad credit loans available
No-obligation quote
Loan could potentially be deposited in number of days

Cons

High interest rates in comparison to other companies
Selection of negative reviews on review sites

If you’re looking to compare offers on secured homeowner loans, then let HouseholdQuotes help you find the best loan available for you!