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Joint Loans

It may be difficult to obtain the finance you need on your own, with a partner your joint credit files could help you get the credit you need. We are a direct UK lender offering loans up to £15,000

How much would you like to borrow?

Our quotes won't affect your credit score

£

Representative Example: Borrowing £3,000 over 24 months at an interest rate of 71.3% p.a. (fixed), you will repay 24 monthly payments of £237.75 per month. Interest Payable £2,706. Total Repayable £5,706. Representative 99.9% APR.

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If you are looking for a joint loan, either with your partner or family member for example, Everyday Loans may be able to help you. Our loans allow you to apply together with another applicant so we can consider the credit of both people rather than just one. This means you may be able to borrow a larger amount or get a better rate depending on your credit history.

With our joint loans, you can borrow from £1,000 to £15,000 over 18 to 60 months. To see if you are eligible, simply complete our application by clicking the apply now button at the top of your screen.

The initial application is all online and will not affect your credit score. That is because we use soft search technology. This means we do not run a hard credit check so there is no mark left of your credit history. That is particularly helpful as it means even a declined application won’t impact your credit in the future.

How it all works

With Everyday Loans, you're more than just your credit score. Here at everyday we look at your credit future, not just your credit history. As such even if you have bad credit now or you've had a poor credit score in the past, we may be able to help.

There are 3 simple steps to taking out an everyday loans loan. All of our loans are subject to status and affordability.

  • Step 1

    Step 1

    Complete our short
    application form

  • Step 2

    Step 2

    Get an initial decision
    in minutes

  • Step 3

    Step 3

    Pop into your local branch
    to complete your loan

Why choose everyday loans?

  • Applying with us won't affect your credit score. We use Soft Searching Technology which means even if you're unsuccessful; it won't go against your credit file.
  • We offer loans to those with a less than perfect credit score. You'll need to be over 18, a UK resident and be able to afford repayments.
  • We're a direct lender not a broker. We'll NEVER charge you a fee to consider your application.
  • We'll give you a conditional decision in just minutes.
  • You can borrow from £1,000 up to £15,000 over a minimum term of 18 months up to 60 months, for almost any purpose. Loans not for business, gambling or illegal purposes. Maximum APR 299.8%
Start Your Application

Applying jointly for one of our loans could give you a better chance of being approved, even if you or the other applicant have less than perfect credit. This is because there are two people who are responsible for payments. With two people applying, we can take into account two salaries and how both applicants manage their finances.

If your initial application is successful, we can set up a meeting with one of our loan experts at your nearest local branch. At the meeting, we will review your affordability and talk with you about your options. If successful, we will review your terms and get you your loan.

Tailored Local Lending

We have loan experts at every one of our branches ready to help you. They meet with all of our customers as part of the application process to review your information. This includes looking at your credit history, how you manage your money, any financial obligations you may have and your unique circumstances. This allows us to offer loans to a wider variety of customers than lenders that just rely on automated credit scoring.

In the meeting, we will determine if we can provide you with a final loan offer. If so, our expert will explain the specifics of the loan and fill out the necessary paperwork.

Responsible Lending

Everyday Loans is proud to provide responsible loans to all of our customers. We strive to be fair and honest with everyone that applies while also keeping their data stored securely.

In order to help maintain our high company standards, we take the time during our face to face meeting to explain the terms of the loan agreement and complete a full financial assessment of each client. All of our customer data is stored securely and processed in line with UK GDPR and DPA regulations.

To make sure we can provide the best loan offers, customers should provide the most accurate information possible during the loan process. We also suggest people do some research so they understand common terms and ideas used in lending, such as APR and credit score. However, our lending experts will walk them through these topics during the loan meeting.

If, during the course of their loan, a customer's financial situation changes, we request they let us know. For example, if someone is sick and can not earn money. In cases like this, we can work together to find alternative arrangements for paying a loan.

If you would like to apply for a joint loan, simply click the apply now button, then fill out the required information for an initial decision.

All you need to know about joint loans

Joint loans are a great option for two people who want to apply as one and share the responsibility of a loan. We know that many people across the UK have a need for financial assistance, and we are here to support them – particularly if they haven’t been successful in their applications to other lenders.

  • Q1: Do we get a mark on our records that’s visible when we apply?

    The Soft Search technology that we use in our processes means you don’t, but other lenders might not be the same so it’s best to be careful. There’s no danger in having a mark on you or your partner’s records, but you might see a negative effect if you make a large number of joint loan applications in a short period. If you apply to other lenders this might be visible and can be interpreted as unreliable, making them less lenient when reviewing an application from you.

  • Q2: What does APR mean?

    Annual percentage rate. It is a standard term that is used to summarise the entire amount of money you repay over the course of a joint loan. Instead of just being a flat percentage, it is determined using what is called compound interest, which can make it a little more complicated than would otherwise be the case. To make it easy to grasp, our advisors at our branches are trained to break it down clearly and without excessive technical jargon.

  • Q3: We want to improve our credit rating, will applying for a loan do that?

    Not by itself. As we mentioned above, your credit rating is an indicator of your spending behaviour. This means just being accepted for a joint loan won’t do anything; it’s instead the payments that matter. If you finish your loan having repaid on time and as required, your credit rating will go up. That’s the difference to keep in mind.

  • Q4: What is a joint loan?

    A joint loan is a loan where two people living together make one application. Both credit scores are considered in the application, and there is a shared responsibility for repayments. It’s a solid choice if you wish to share the loan, or if one of you has a lower credit score than the other.

Our Process FAQs

Looking to learn more about Everyday Loans and our loans process? Here’s more information on how you can apply for a loan with us. It’s always worth remembering that our process is designed to be simple and straightforward, with the support of a customer account manager who provides you with the information you need.

  • Q1: Can you tell me what’s required for a loan to be approved?

    You need to be a UK resident, over 18 and have a bank account within the UK. Beyond that, we require that you’re employed. You may choose to apply for a loan, particularly for purposes such as consolidating debt, home improvements and more. As a responsible lender, we carry out a creditworthiness assessment . This means that we try to understand your financial circumstance to ensure that you only borrow what you can repay. If you meet the requirements, you can make an application now without damaging your credit score thanks to our soft search technology – you won’t get a mark on your credit file.

  • Q2: Can you confirm if Everyday Loans is a direct lender?

    Absolutely – we are! Our physical headquarters are located in lovely Bourne End (in Buckinghamshire). We specialise in helping people with poor or bad credit.

  • Q3: Is it a long process to get a loan with you?

    Our process is simple, easy and efficient. If your application is initially successful, you’ll receive a conditional approval. After this, we send your details over to your local branch and arrange a time for a meeting with our friendly advisor who will complete the loan for you. It’s a simple process and the money can be with you shortly after your meeting is complete.

  • Q4: Are your loan quotes flexible ?

    Indeed, they are! Whilst your loan term and monthly payment is fixed once the loan is booked, the loan options we can provide span anything from 18 – 60 months, we can lend from £1,000 - £15,000 and everything in between. Apply today to review your options!