Personal Loans

If you have been refused credit by your bank or a high street lender,
don't worry, there are still options for you.

How much would you like to borrow?

Our quotes won't affect your credit score

£

Representative Example: Borrowing £3,000 over 2 years at an interest rate of 67.9% p.a. (fixed), you will repay 24 monthly payments of £231.78 per month. Interest payable £2,562.75. Total amount payable £5,562.75. Representative 93.6% APR. Rates from 24.2% to 299.9% max APR.

everyday loansfor everyday life

Here at Everyday Loans, we believe that people are more than just a credit score. It’s part of our mission statement. We’re here to help adults across the country access the finance they need to get through challenging times in life. Where other lenders weight their decision heavily on the past, we consider your future as well.

We offer unsecured personal loans of up to £15,000 and can consider your application even if you’ve suffered from bad credit in the past. We believe bad credit shouldn’t be the only factor in offering the loan you need to get by.

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.
Start Your Application

We use “Soft Search” technology which means that when you apply with us, it won’t damage your credit file if you are unsuccessful. That’s serious peace of mind for you if you’re in need of a loan but have bad credit, as you’re likely working towards rebuilding it with the purchases you make every single day. Our technology lets you enquire without the uncertainty and stress – something we can all do with avoiding as much as possible in life.

A personal loan could help you afford some vital home improvements, perhaps you are looking to consolidate some of your existing debts or simply have a short-term need for cash. Life as an adult means taking on the unexpected and dealing with the weeks and months ahead, and we know that having an unexpected financial obligation or bill can be difficult to work around when your credit rating is low.

At Everyday Loans, we consider every application individually and will look at more than just your credit score when working on your loan. That mindset makes up a big part of who we are, with our motto ‘you’re more than just a credit score’ summing up what we feel about helping those in need of a loan.

We are a direct lender with a 4.8 out of 5 score on Feefo based on over 2000 customer reviews. That’s a lot of satisfied customers who were accepted for loans when other providers would have turned them down. As such, you can be sure you are in safe hands with Everyday Loans.

How It Works

When you first apply to us we will perform a “Soft Search” of your credit file. This is done using our “Soft Search” technology – a big part of our process. What does that mean? It means that if you are unsuccessful for any reason, your credit rating will not be damaged.

If you are successful, your application will be forwarded to your nearest local branch or our head office team for processing. This happens almost instantly. Once we’ve processed and hopefully your application, you’ll receive a call back from a friendly member of the Everyday Loans team, usually within the hour. Please note that our branches open from 10 am and shut at 6 pm Monday to Friday.

We’ll then invite you to your local branch where we will complete affordability checks and provide you with your loan offer. Once your agreement documents have been signed, you will receive your money normally within 3 working days.

All you need to know about personal loans

Your personal loan may be for any of a hundred and more unique reasons, but we know that they are all legitimate! The need for a personal loan can crop up unexpectedly or be part of a larger, more long term plan – the point is that you have a need and we’re here to help.

Personal loan requests are made every single day across the UK, and some adults who have a perfectly legitimate need are turned down by banks and building societies. That’s where we come in. Everyday Loans caters to people who have been refused personal loans in the past and are struggling with a low credit rating.

  • Q1: I’ve heard my credit score could increase after taking a personal loan. Is that true?

    Being accepted for a loan will not increase your score. The potential benefit to your credit score from a loan comes from having repaid your instalments on time every time and doing so will increase it to a certain extent. You will not, however, see it increased just by being accepted. Your credit score is essentially a record of your reliability in making payments and repayments, and this must be demonstrated for it to be changed (such as by repaying loans and direct debits on time).

  • Q2: I’m not really clear on what APR is, can you explain more?

    APR stands for annual percentage repayment, and it’s essentially a calculation of how much you repay on a loan in total. Instead of being a straight amount (like £3,300 from 10% APR on a £3,000 loan), it is calculated using what is called compound interest. This can make calculating and understanding the APR of your personal loan a little trickier, and that’s why our local branches have skilled advisors who help break down each payment easily and in full.

  • Q3: Is Everyday Loans suitable for taking a personal loan?

    As long as you satisfy our requirements and checks, absolutely. We pride ourselves on being flexible and able to support a wide range of applicants, and we are here to help you get the credit you need even if you have been refused by various banks or building societies in the past.

  • Q4: Is there any impact on my score when I make an application?

    This will vary from lender to lender; for Everyday Loans, there is no negative impact. We use Soft Search technology, which essentially means that no mark is placed on your record when an application for a loan with us is made. Other lenders may not use this. The danger lies in making (and being refused) a high volume of personal loan applications in a short period; from the lender’s perspective, this indicates unreliability and commonly makes them more cautious in considering you.

Your personal loans FAQ

This section is going to cover in a little more detail how a loan application works for us. While generally more lenient to support loan applications, we still have basic requirements you must meet first.

  • Q1: What are those requirements?

    You need UK citizenship, a UK bank account and current employment. That’s it. While we’ll also review your credit rating, we are a flexible loan provider and are more considering of a poor credit rating. As long as you have the above, we’ll be happy to consider a personal loan application from you.

  • Q2: Can I get extra funds on my loan?

    We do offer top-ups to your personal loan, but these are not guaranteed and generally, are only given once you have made a number of successful repayments already. Top ups are agreed by negotiation with your local branch and advisor; you can call or email them to inquire.

  • Q3: Is it fast or slow?

    Fast. We have done all we can to make our loan process quick and simple for the applicant. Once you have made your online application, a conditional approval is sent to you if successful. This is followed by your local branch arranging a meeting between you and a friendly advisor. In that meeting, you’ll go over the personal loan in full and finalise it with us. Once that’s done, we promptly release your funds and send them to your account.

  • Q4: Is Everyday Loans a direct lender?

    Based in Bourne End, Buckinghamshire, Everyday Loans is a direct lender and provider of personal loans.