Evlo Loans
Apply for £1,000–£15,000, fast decisions even if you have bad credit, with no fees. Get rates from 30.5% to 252.7% APR, representative APR 99.9%.
Evlo Loans is a UK-based personal loan provider offering sums between £1,000 and £15,000, suitable for many borrowers including those with a less than perfect credit history. The standout feature is their quick provisional decision in minutes, with APR ranging from 30.5% to 252.7% and a representative APR of 99.9%. Loan terms span 18 to 60 months and applications are handled directly, not via a broker, with no upfront fees. Your eligibility and rate depend on your individual circumstances and affordability, so terms may vary.
Step-by-Step: How to Apply for an Evlo Loan
- Visit the Evlo website and choose your preferred loan amount.
- Fill out the secure online application form with your details.
- Receive a conditional decision in just a few minutes.
- Sign your loan agreement online or at your nearest branch.
- Receive your funds once your application is fully approved.
Evlo Loans: Major Advantages
One of Evlo’s greatest strengths is that applicants with bad or fair credit can still be accepted. The lender uses soft search technology, meaning your initial credit check won’t harm your credit score. Fast decisions are extremely useful if you need funds quickly or want to consolidate existing debts without delay.
Additionally, Evlo is a direct lender with an established UK presence since 2006. No application fees or hidden costs make the borrowing process straightforward and stress-free, helping you focus on what matters most: accessing the money you need.
Evlo Loans: Potential Drawbacks
The main downside is the high representative APR, which is significantly above average. Borrowers should carefully assess affordability, as costs can add up quickly.
Also, approval is never guaranteed—even for those with poor credit—and every loan application is subject to status, so final terms may differ from the initial quote.
Our Verdict on Evlo Loans
Evlo Loans stands out as a reputable, accessible provider for those often overlooked by traditional banks. The process is fast, transparent, and friendly, making it a strong choice for borrowers who need flexible options and fast decisions—even with less-than-perfect credit.