Get the lowdown on Everyday Loans
Everyday Loans is a high street lender that’s been running for nearly 15 years – and it could be a lifeline if you’ve got poor credit
Founded in 2006, Everyday Loans has dozens of branches on high streets across the UK. It offers a range of loans for people with different types of credit history – including people who might have had some financial difficulties and therefore have a low credit score.
If you have bad credit you might find it difficult to get accepted for loan with some high-street lenders – but Everyday Loans is more likely to lend to those with a less than perfect credit history.
What are the features of Everyday Loans?
Every loan comes with rules that govern how much you can borrow, how long you can borrow it for and how much interest you’ll have to pay. Here’s what you need to know about Everyday Loans:
You can borrow between £1,000 and £15,000 – but the amount Everyday Loans is willing to lend to you will depend on your ability to repay
It’s an unsecured personal loan
so you don’t need to offer an asset like a car or your home as collateral
There are no fees
, so you don’t have to pay anything up-front to arrange the loan
The interest rate is fixed
, so you won’t have to worry about it changing over the course of your loan
Applications will be processed with a ‘soft search’ meaning your credit score won't be affected even if you’re not successful
You’ll receive a provisional decision within minutes
You must be over 18, a UK resident and be able to keep up with the repayments. You don’t need to be a homeowner
It’s fully regulated by the Financial Conduct Authority (FCA)
Everyday Loans representative 99.9% APR

Do you need a guarantor for Everyday Loans?
Unlike some other loan providers for people with low credit, Everyday Loans doesn’t require a guarantor. A guarantor is a friend or family member with better a better credit history and score, who agrees to take on responsibility for the loan if you have difficulty paying it back.
This means that if you don’t have someone who could share your loan with you, you can still access credit – although your interest rate will probably be higher than those on most guarantor loans.
How much can I borrow from Everyday Loans?
When you apply for a loan with Everyday Loans it’ll want to know about your financial circumstances. The amount it’ll be willing to lend to you will depend on factors such as your credit history, your income and outgoings and whether you own your own home. But even if you have poor credit and rent your home it should still be possible to get a loan.
How quickly do you get the money?
Unlike some providers, Everyday Loans needs you to visit your local branch to conclude your application.
How much will a loan cost?
The amount of interest you’ll be charged with Everyday Loans will depend on how much money you’re borrowing, how quickly you agree to pay it back (known as the term of the loan), and your credit score – which you can check using our free credit monitor tool. The higher your credit score the better rates of interest you will tend to be offered for your loan.
Our easy-to-use loan calculator can also help you work out the cost of loan repayments. It helps you work out your monthly repayments or the maximum amount you’ll be able to borrow based on what you can afford.
Am I eligible for an Everyday Loan?
More people are eligible for an Everyday Loan than those offered by more traditional providers, such as high street banks. This is because Everyday Loans is a specialist provider that focuses on those who have been unable to secure loans from other providers because of their credit situation.
That said, there are still two basic criteria you'll need to meet:
You must be over 18
You must be able to show you have some means of income so you can pay the loan back
How do I apply for a loan?
You can find out which loan deals you are eligible for when you compare your options on MoneySuperMarket. Just give us a few details about what you want from your loan, including what it’s for and how much you need, and you’ll see a list of quotes tailored for your needs.
You can compare deals by their APR (the interest rate and any other charges on the loan) and the likelihood you will be accepted. As soon as you’ve found the loan you want simply click through to the provider’s website to finalise your application.
Be aware that a loan is a significant financial commitment. You should be honest on your application and with yourself as to whether you can afford the repayments. Loans for people with low credit scores often charge a high level of interest. If you end up unable to meet your repayments, your credit score will be affected and you may fall into significant debt.