Everyday Loans
Little Loans is a credit broker, working with a panel of trusted lenders to match customers with a suitable loan. Once such lender that we’re delighted to work with is Everyday Loans.
Who are Everyday Loans?
Established in 2006, Everyday Loans is a UK-based personal loan provider with high street branches nationwide.
Everyday Loans’ website states that they are ‘committed to professional, responsible lending.’
Impressively, between 2020 and 2024, Everyday Loans scooped the prize for Non-Mainstream Loan Provider of the Year at the Moneyfacts Consumer Awards. They also took the top spot for Best Customer Service at the 2023 ceremony.
Are Everyday Loans regulated?
Everyday Loans are regulated and authorised by the Financial Conduct Authority (FCA). Their FCA registration number is 724445, and you can find them on the register by clicking here.
How much interest does Everyday Loans charge?
Everyday Loans advertise a Representative Annual Percentage Rate (APR) of 99.9%.
Representative APR means at least 51% of customers will receive this rate or lower.
Let’s say you borrowed £3,000 over a 24-month term, with a fixed interest rate of 71.3% per annum. You would repay £237.75 per month for 24 months. This includes interest.
Over the course of the term, you’d pay a total of £2,706 in interest. The total repayable amount would be £5,706.
What are people saying about Everyday Loans?
As of August 2024, Everyday Loans are rated excellent on Trustpilot, with over 7,100 reviews. Currently, 83% of these reviews are 5*.
How much money can I apply to borrow from Everyday Loans, and for how long?
With Everyday Loans, you can apply to borrow between £1,500 and £15,000, which can be repaid over 18 to 60 months.
Who can apply for a loan with Everyday Loans?
Everyday Loans state that to apply, you must:
- Be over the age of 18;
- Be a UK resident;
- Have a bank account;
Can I apply to Everyday loans if I have bad credit?
Yes, you can. Everyday Loans specialise in loans for those with bad credit, and your application will still be considered even if you’ve been turned down to borrow credit in the past.
Do I have to be a homeowner to apply for a loan?
No, you don’t necessarily have to be a homeowner to apply to borrow money through Everyday Loans. Their website states that they’re happy to consider applications from people with a range of situations, from renting to living with parents.
The Everyday Loans process
- Select the amount you need to borrow and the repayment term, then complete the online application form. Everyday Loans will run a soft credit search on your financial history, with no impact to your credit score.
- Get a conditional decision in minutes.
- Call into your local branch to complete the application and finalise your loan. If your application is accepted a hard credit search will be carried out.
Please note that hard searches will remain on your credit file for up to 12 months. Undergoing too many hard searches in a short space of time could negatively impact your credit score.
Where can I find my nearest Everyday Loans branch?
Everyday Loans started their lending journey in 2006 with just 6 branches. As of 2023, they have over 75 branches across the UK! You can find your local branch here.
I was approved for a loan with Everyday Loans but am now struggling to make my repayments. What can I do?
In this instance, you should contact Everyday Loans as soon as you’re able to. They will be able to discuss all available options and work with you to put a plan in place moving forwards.
Everyday Loans state the following on their website: “We are committed to acting in good faith. We aim to provide you with clear information and practical options to support you if you experience any difficulties.”
I was referred to Everyday Loans through Little Loans. Who do I contact if I have a question?
Little Loans is a credit broker, not a lender. If your query relates to the search you made on the Little Loans website, you can contact us here.
If your question is regarding the loan itself, you should get in touch with the lender directly. We’ve provided further information on this in the section below.
How can I get in touch with Everyday Loans?
Everyday Loans suggest that the best way to make contact with them is through your local branch, which you can locate here.
They also refer existing customers to their dedicated support page.
Straight forward
“Easy pleasant service, quick decision and easy account management.”
Laurissa Marsden
Representative example: Amount of credit: £1000 for 12 months at £123.40 per month. Total amount repayable of £1,480.77 Interest: £480.77. Interest rate: 79.5% pa (fixed). 79.5% APR Representative. We’re a fully regulated and authorised credit broker and not a lender