Everyday Loans are high street lenders who offer unsecured loans to applicants in a range of financial situations. They offer loan amounts from £1,000 to £15,000, depending on your affordability, with a maximum term length of 60 months. At QuidMarket, we do not offer large amounts for long terms like Everyday Loans in the UK, but can cater to a range of backgrounds as we also base our lending decisions on affordability. We offer short term loans for those with temporary cash flow issues or requiring funds for emergency payments. Our loans range from as little as £300 to £600 for new applicants, and up to £1,500 for repeat applicants, so if you are looking for an alternative to loans like Everyday Loans, we may be able to help.
- FCA authorised responsible lender
- New customers can borrow between £300 and £600*
- Returning customers may be eligible to borrow up to £1,500*
- Flexible repayment terms between 3-6 months
- No hidden fees
- Poor credit applications considered
- No guarantor or collateral required
- Quick and easy application
*Loan amounts and repayment terms are dependent on affordability checks
At QuidMarket, we believe in offering as much information about lenders and alternatives as possible to help you make an educated choice when it comes to applying for a loan. On this page, we will cover Everyday Loans, the types of loans that they offer, and the available alternatives. Hopefully, this will help you to make an informed decision about which alternative loans like Everyday Loans are right for you and your financial position.
Who Are Everyday Loans?
Everyday Loans have been operating on the high street since 2006 and have dozens of branches across the UK. They provide a range of personal loans for applicants with different types of credit history, including those who may have had some financial difficulties in the past. As their loans are unsecured, you may find that their interest rates are higher than on a secured loan. However, according to Everyday Loans reviews, they base their decisions on affordability and strive to keep their customers’ best interests at hearts, so they would not offer loans to those who could not afford to comfortably repay. You can apply for Everyday Loans in the UK online or in one of their branches, which makes the application process fairly simple, especially if this is your first time applying for a loan.
Similar to QuidMarket, Everyday Loans offer flexibility and a personal approach to their lending decisions in order to help those who may have been turned away by other lenders. They use soft searching technology to check an individual’s affordability, so their credit score will not be affected, and assure that there are no hidden fees. They also provide poor credit loans for those who may have faced financial difficulties in the past, so they can cater to a range of needs. We also offer loans like Everyday Loans for bad credit, reviewing an applicant’s current income, essential outgoings, and other financial commitments to come to a decision. We always want to do what is best for our customers, so we offer a personal approach to our affordability checks to ensure nothing is missed and avoid leaving anyone out of pocket.
Borrowing From Everyday Loans In The UK
Loans from Everyday Loans range from £1,000 to a maximum of £15,000, so they can cater for large expenses. However, the amount that you are ultimately offered will depend on your affordability. Their core offering is unsecured loans, which means that you do not need to offer any collateral or assets to secure the loan. This differs from our loans at QuidMarket, as we provide a short term alternative to payday advance loans. We offer our new applicants loans that range from £300 up to a maximum of £600. We never want applicants to take our more than they can afford, which is why we set our limit at £600 for first time borrowers. However, if you loved our services and return for another loan, you may be able to borrow up to £1,500.
The terms for Everyday Loans in the UK are flexible, but the maximum amount of time you can set for repayments is 60 months (or 5 years). This makes them long term loan lenders, offering loan amounts to cover an extended amount of time. This differs from our short term emergency loans, which have been designed to help those with temporary cash flow issues or in need of access to quick cash. We offer terms between 3 months and 6 months for new customers, because we feel it is right for borrowers to repay over a period of time that is manageable for them. We keep our terms within reach, so that applicants do not borrow for an amount of time that they cannot afford.
Why Choose QuidMarket?
In order to find loans like Everyday Loans, we recommend that you shop around online before you submit any loan applications. Reading Everyday Loans reviews and creating your own comparisons are a great way to determine whether a lender is right for you, but here are a few reasons why we think you should consider QuidMarket as an option:
Options For Bad Credit
If you are browsing Everyday Loans for bad credit loans, we may be able to help. QuidMarket was started in 2011 with the aim of helping hard working people from a range of backgrounds, so we provide loan options to those in a range of financial situations. We base all of our lending decisions on affordability to ensure that you will be able to make repayments comfortably each month without being detrimentally impacted. We review your monthly income, your essential spending, and any other financial commitments you might have, instead of assessing your whole credit history.
FCA Authorisation
When browsing for an alternative to Everyday Loans, it is essential that you choose a lender who is fully FCA approved. This authorisation ensures that the lender is trusted and reputable, so if you cannot find a sign of FCA approval on a lender’s site, they should be approached with caution.
Flexibility
We strive to keep our loans as flexible as possible for all of our customers, no matter their financial position. We offer every applicant the opportunity to pay their loan over a period that suits them and borrow the amount of money required for their needs. Whether they have a temporary cash flow issue or an unexpected emergency, our loans are designed to help. We offer loans from £300 to £600 for new applicants, with a variety of amounts in between, which could be ideal for a short term cash issue.
No Hidden Fees
We pride ourselves on complete honesty and transparency, so we guarantee no nasty surprises or hidden costs with our short term loans. We do not charge any extra fees on top of any of our instalment loans, including upfront costs or late repayment fees. Instead, we will clearly explain the loan and repayments before we come to an agreement, and there will be nothing more to pay.
We want you to be completely confident in your choice when it comes to selecting loans like Everyday Loans, so you should consider researching before making a decision. However, if you need a quick solution to a short term cash issue, QuidMarket could make an ideal choice. We offer flexible and competitive short term loans for terms from 3 to 6 months to cover any temporary financial issues. Find out more about our alternatives to Pounds To Pockets and Amigo Loans. If you have any further questions, please contact us at QuidMarket and our friendly team will be happy to help.