Evolution Money Secured Loans

Evolution Money is based in Manchester and makes up part of the Darwin Group. It was formed in 2011 with the aim of providing customers with specialised secured loans that are tailored to their individual requirements. Evolution Money offers different types of secured loans that can be used for a range of purposes, and they can also cater for those with a less-than-perfect credit history.

An Evolution Money secured loan is secured against your property, which means there is a risk that your home could be repossessed if you fail to keep up with your repayments. To qualify for a secured loan from Evolution Money, you will need to be a UK homeowner aged 18-70 who is currently in employment.

If you meet the eligibility requirements, you can then apply for a secured loan from Evolution Money, choosing the loan type, amount and term that best meets your needs. Evolution Money will assess each application individually, looking at a range of information to make their decision, not just the applicant’s credit history.

Evolution Money offers several different types of secured loans, including bad credit loans, no guarantor loans, joint loans, and loans for the self-employed. Borrowers can select the loan type that is the best fit for their circumstances and requirements, and then choose how much they want to borrow and over what time period to make sure they have an arrangement that suits them.

You can use an Evolution Money secured loan for many things, such as debt consolidation, major purchases like a car or motorbike, home improvements, holidays, and weddings. Self-employed people can also get a loan to help them grow their business, whether that’s purchasing a company vehicle or investing in some new equipment.

Evolution Money gives borrowers the option of paying back their loan early. However, you would have to pay an early repayment charge on top of the remaining loan amount, details of which would be explained in your loan agreement.

Secured loans are typically used to borrow larger sums of money. Evolution Money offers secured loans of varying values, but the amount you can access will depend on how much equity you own in your home, among other factors. Loan terms typically range from one year up to 20 years.

To see what other people thought of Evolution Money, you can search for customer reviews on independent review sites like Trustpilot and Feefo.