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About Everyday Loans

Everyday Loans is an established branch-based subprime lender active since 2006. Applications are taken online, but the process is always completed in person. Everyday’s network has continually been increasing. We can recall there being just over 50 branches not so long back, but now in 2019 they have extended to 73. Expansion in this sense has been surprising considering that most subprime retail businesses have either closed or been greatly downsized (as seen with The Money Shop). What helps Everyday’s cause is that they now have ambitious new owners supporting them. This is Non-Standard Finance who acquired both this brand and TrustTwo from Secure Trust Bank in 2015. NSF also controls George Banco and Loans at Home.

Everyday’s active customer base sits at 61,000+. This is an impressive tally when you consider that the loan contracts drawn up here include big numbers with borrowers potentially being able to access £15,000. They start small at £1000, but strangely don’t lend over a year. The term range is 18 to 60 months. Pricing is rather vague from such a wide variable APR range of 24.2% to 299.9%. The representative rate that most people pay is 93.6%. For branch visits, you’ll need to take in bank statements, payslips and your passport. More documentation is required when self-employed. Assuming that you get the green light you’ll need to be patience on payout (a cheque will be handed over).

Company Details

Address: Secure Trust House, Boston Drive, Bourne End, SL8 5YS

Brand: Everyday Loans (aka: EverydayLoans)

Company: Everyday Lending Ltd (subsidiary of Non-Standard Finance Plc)

Contact (📧): No email contact

Contact (☎): 0808 231 5453

FCA Licence: 724445

Launched: 2006

Niche: Personal

Opening Hours: Mon/Fri (10am-6pm), Sat (10am-12pm)

Related Brands: George Banco, Loans at Home, TrustTwo

Site Address: www.everyday-loans.co.uk

Site Rank (Alexa.com Global): #1,957,116

Product Specs

Amounts Available: £1000 to £15,000

Late Payment Fee: £0

Login Provided: No

Pricing: £854.25 /£1000 (24m)

*Variable APR range of 24.2% to 299.9%. Representative 93.6%

Repayment Terms: 18 to 60 months

Review Feedback

Feefo: 87.8% (rated 5/5) (exact 14,230/16,209)

Reviews: Not listed

Trustpilot: 80% (940+ count)

Rivals & Similar Lenders Like Everyday Loans

Likely Loans is the closest matched lender based on web popularity. An advantage with Likely is that they do offer a 1 year term and they offer cheaper pricing also. The 2 year £1k charges compare as £572.72 on that side vs £854.24 here. 118 118 Money and Bamboo are other key competitors that rank just ahead on traffic. As a reminder, George Banco are now part of the same family. If you apply for Everyday’s product and are unsuccessful then there is a good chance that they’ll pass you on to their sister brand TrustTwo where you should be able to qualify if you can find a guarantor to back your application.

Last Check @ www.everyday-loans.co.uk: February 14th, 2020