Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Who are Everyday Loans?


Everyday Loans have been trading since 2006 and position themselves as lender that specialises in helping people with bad credit scores. They are a direct lender based in Buckinghamshire. Your credit status isn’t the sole determining factor when it comes to lending money, as decisions are made on a case-by-case basis.

Everyday Loans

How much can I loan from Everyday Loans?

You can apply to borrow anywhere between £1,000 and £15,000.

What repayment schedule options are available?

Loans can be paid back anywhere from 18 to 60 months.

How much interest will I have to pay?

Everyday Loans advertise a Representative APR of 99.9%

If you were to borrow £3,000 over a 2-year period at an interest rate of 71.3% p.a. (fixed), you would pay 24 monthly instalments of £237.75 each month. In total you would repay £5,706. Representative 99.9% APR .

Am I able to repay an Everyday Loans loan before the agreement date?

Yes you are able to repay the loan early if you wish. Contact the customer service team who will provide you will a final settlement figure.

How do I apply for an Everyday Loan?

Everyday Loans work a little differently to some lenders as the application process requires a combination of both online and face-to-face interaction.

First of all, you complete the online application form and are given an initial decision in a matter of minutes. In order to complete the application you will have to visit one of their branches. There are 71 branches nationwide. You cannot complete a loan application without meeting an Everyday Loan representative in person, which may be challenging if you are unable to easily travel to a branch.

In order to apply for an Everyday Loan you must be:

  • At least 18-years-old
  • In full-time employment

When reviewing your application, Everyday Loans will take the following into consideration:

  • How much your income allows you to afford
  • If you are a homeowner or tenant
  • Your current financial commitments
  • Credit history up until this point

At the branch meeting you will also be required to bring along original forms of identity, proof of address and proof of income and regular outgoings. Meetings should not last longer than 45 minutes.

How quickly will I receive the money?

As Everyday loans require an appointment with an advisor from one of their branches before a loan can be finalised, it may take a little more time to receive your funds than with other short term loan lenders.

However, once your application is finalised and approved, Everyday loans will transfer the funds promptly.

How do I contact Everyday Loans?

To reach their customer service department you should visit the Contact Us page and enter your postcode to be given the phone number of the nearest branch.

Is there an online account and app I can use?

No, Everyday Loans do not offer an online account or app for their customers.

How do other customers rate Everyday Loans?

As of October 2021, Everyday Loans have positive ratings from their customers on Feefo (4.9/5 based on 19,447 reviews). They also were awarded the Platinum Trusted Service award in 2021. Their Trust Pilot reviews are also excellent and are scored 4.7/5 based on 4,059 reviews.

Where can I find Financial Conduct Authority (FCA) information about Everyday Loans?

You can visit the Everyday Loans page on the FCA register. They have been authorised and regulated since 6/11/2006.

Everyday Loans summary

Whether you are a homeowner or a tenant you can apply for a loan ranging between £1,000 and £15,000. The representative APR is 99.9% and repayment terms of anywhere between 18 and 60 months available.

You can part-apply for an Everyday Loan online, but it must be completed in a face-to-face meeting at one of their high street branches.

If you want to apply for an Everyday Loan you must be at least 18-years-old and in full-time work.

There is no online account or app available and successful applicants will receive their funds promptly.

Everyday Loans have positive customer reviews on Feefo (4.7/5) and Trust Pilot (4.7/5) as of October 2021. Everyday Loans were also awarded the Platinum Trusted Service award in 2021.

The company is authorised and regulated by the FCA.

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Representative 49.9% APR

Representative 49.9% APR

Representative Example

Amount borrowed: £1200 for 18 months
Number of repayments: 18
Interest rate p/a: 49.9% (variable)
Each repayment amount: £90.46
Total amount repayable: £1628.28

Warning: Late repayment can cause you serious money problems.
For help, go to moneyhelper.org.uk

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