How much can I borrow and what will it cost?
We offer loans for almost any purpose up to £15,000, but the amount we lend depends on individual circumstances. Four things help us to decide what we'll lend you and the amount of your loan repayments: We look at:
- What you can afford
- If you own your home or rent it
- Your current circumstances (income and outgoings)
- Your financial affairs in the past (credit history)
Your Everyday Loans advisor will need to assess these things when you meet, in order to decide what loan would be most suitable. That's why you'll need to bring a few important documents with you.
What documents must I bring to the meeting?
There are some things we'll need to see when you apply for your loan. Please bring the following original documents with you:
Proof of identity for each borrower
- A valid passport
- A valid driving licence
- If you are self-employed, in the construction industry then a signed photographic registration card (Forms C1S4, C1S4(P), C1S4(T), C1S5 or C1S6)
Proof of where you live
- A recent utility bill
- A bank statement
- A car tax renewal letter from the DVLA
- A Television licence renewal letter
Proof of your income and regular outgoings
- Most recent payslip (within 60 days)
- 2 months' bank accounts
- Accountant's reference
- Self Assessment Return
- Previous year's audited accounts
- SE60 slips - last 4 weeks
Having trouble locating any of the documents? Don't panic - there are other options! Speak to one of our loan advisors on 0800 288 9001 and they'll discuss the alternatives with you.
Remember these must be originals, NOT photocopies. If you don't bring the items we need we can't process your loan application. Why not print out the list now and tick off each item as you gather it?
How long will it take?
We'll need a couple of minutes on the phone first to arrange an appointment. Your meeting at the branch should take no more than 45 minutes. In most cases, we'll be able to confirm details of the loan we can give to you there and then.
Providing we have all the information we need (including making any necessary checks) and are satisfied you can meet your repayments, we would hope to issue a cheque before you leave.
What if my circumstances change?
If a change in circumstances means you think you can't make your repayments, you must tell us straight away. We'll endeavour to help you manage the situation.
Do you charge fees?
No. Unlike other loan lenders we do not charge any fees