Everyday Loans Alternative
Looking for an Everyday Loans alternative? Lending Stream could help. Apply for a short term loan of up to £1,500 with 6 months to repay. If approved, we’ll send the cash to your bank in 90 seconds.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Representative 1333% APR
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Very easy to apply
Very easy to apply, couldn’t have been more simpler to be honest and the money was in my account in less than a minute 10/10
Leona, 18 November 2023
Poor credit rating no problem
Quick and easy to apply
Kim, 25 November 2023
Why choose Lending Stream as an Everyday Loans Alternative?
Fast
Cash sent to your bank in less than 90 seconds, once approved.
Convenient
24/7 simple & online application. Instant decision. Direct lender since 2008.
Affordable
Repay over 6 months. Pay off early with no extra fees and save on interest.
Trusted
Rated excellent on Trustpilot & 99% recommend us on Reviews.co.uk.
About Everyday Loans
Everyday Loans began lending in 2006, presenting itself as a lender dedicated to helping people with less-than-perfect credit scores. They operate as a direct lender, and their head office is in Buckinghamshire. The approval for lending isn’t solely based on your credit status; instead, decisions are made case by case.
They offer unsecured personal loans from £1,000 to £15,000 to be paid back anywhere between 18 and 60 months. You can apply for a loan online for an initial decision, but in order to complete the application, you will have to visit one of their branches. This may be challenging if you are unable to travel to a branch easily.
What do Everyday Loans offer?
Everyday Loans positions itself as a specialised lender for individuals with poor credit scores. Here are some key characteristics of Everyday Loans:
- Focus on bad credit: Everyday Loans will consider applicants with less-than-ideal credit histories
- Direct Lender: They operate as a direct lender, meaning that they lend money directly to borrowers without involving third-party institutions
- Range of purposes: Everyday Loans offers loans for various purposes, including debt consolidation, home improvements, car purchases or repairs, special occasions, unexpected expenses, and other financial requirements
As with any financial decision, it’s crucial for potential borrowers to carefully review the terms and conditions, the interest rate, and repayment terms before applying for a loan with Everyday Loans or any other lender.
At Lending Stream, we’ll make a final decision without seeing you in person. We offer short term loans from £50 – £1500 (up to £800 for first-time borrowers), with a repayment period of 6 months. If approved, you can use the funds from your loan to cover unexpected bills, repairs, and emergency expenses.
Are Everyday Loans regulated and authorised?
Everyday Loans is a trading style of Everyday Lending Limited (Company registration no. 5850869, England & Wales). Everyday Lending Limited is authorised by the FCA. Their FCA authorisation number is 724445.
What type of loans does Everyday Loans lend?
Everyday Loans offer unsecured loans. This means you won’t need to put up any collateral like your home or car. Unlike some other loan providers for people with low credit, Everyday Loans doesn’t require a guarantor.
They also offer bad credit loans and consider those who don’t have a good credit history. Even if you have a bad credit score, you can apply for credit to Everyday Loans for a decision and see if you can get the approval.
If you are looking to borrow a smaller amount, Lending Stream could help. At Lending Stream, we offer short term loans from £50 – £1500 (up to £800 for first-time borrowers), with a repayment period of 6 months.
What can an Everyday Loan be used for?
An Everyday Loan can be used for a variety of purposes, including but not limited to:
Debt consolidation
Home improvements
Car purchase or repairs
Unexpected expenses
Special occasions
What APR and loan terms are offered by Everyday Loans?
Everyday Loans offer personal loans ranging between £1000 and £15,000. The representative APR is 99.9%, and repayment terms of anywhere between 18 and 60 months are available. While you can partly apply online, your application must be completed in a face-to-face meeting at one of their high street branches.
If you would prefer to skip the hassle of a face-to-face meeting, consider Lending Stream.
How is Lending Stream different from (or better than) Everyday Loans?
| Lending Stream | Everyday Loans |
|---|---|
| With Lending Stream, you can apply for a short term loan from as low as £50. | Everyday Loans offers unsecured loans between £1,000 and £15,000. |
| We offer quick loans that are to be repaid within 6 months. | The repayment period for an Everyday Loan ranges from 18 months to 60 months (5 years). |
| At Lending Stream, the entire loan application is done online. If you’re approved, we will transfer the loan amount to your bank as fast as within 90 seconds. | You can apply online for an initial decision. However, to get the final approval, you will need to visit the nearest branch. |
| Lending Stream allows you to pay off your loan early without any early repayment fees. | To pay off your loan early, you’ll need to get a settlement figure from the lender. Everyday Loans will include 30 days’ worth of interest charges in this settlement figure. |
How can I check my eligibility for a Lending Stream Loan?
To be eligible to apply for a loan with Lending Stream, you must:
- Be a UK resident
- Be at least 18 years old
- Have a valid debit card
- Have an active UK bank account
- Be in regular employment with a monthly income of at least £400
During the loan application, we may ask for income proof. We believe in treating all customers fairly and do this to ensure you can afford the repayments.
How can I apply online with Lending Stream?
To apply for a loan with us, you need to fill out our online application form and provide us with the following information:
- A few personal details
- The amount you want to borrow
- Provide us with your employment, salary, expenses, and banking details
Once we receive your loan application, we’ll run an affordability and credit check. As a responsible lender, we do this to ensure that you can afford the repayments of your loan agreement. If you’re approved, we’ll send you the approved loan amount to your bank in 90 seconds.
Contact us – Lending Stream
If you already have an account with us, you can log in and chat with us through there. Otherwise, you can get in touch on our contact us page.
If you prefer you can give us a call on 0203 808 4440#. We’re open from 9am to 6pm Monday to Fridays, and 9am to 1pm Saturdays.
FAQs – Everyday Loans
Is Everyday Loans legit?
Yes, Everyday Loans is a legitimate company based in the United Kingdom. Everyday Loans is a trading style of Everyday Lending Limited (Company registration no. 5850869, England & Wales). Everyday Lending Limited is authorised by the FCA.
Is Everyday Loans going into administration?
No, Everyday Loans is not going into administration. They are still lending and offer loans to UK customers who wish to borrow money.
Is Everyday Loans a payday lender?
No, Everyday Loans does not provide payday loans. Payday loans are typically repaid over a shorter period of time than a loan from Everyday Loans, where the term of the loan ranges from 18 to 60 months.
Do Everyday Loans accept bad credit?
Everyday Loans considers customers with bad credit, offering potential loan solutions to individuals in need.
Does applying with Everyday Loans affect credit score?
No, applying for a loan with Everyday Loans won’t affect your credit score. They use Soft Searching Technology, which means that even if your application is declined, it won’t show on your credit file. However, they will conduct a hard search during a full application for credit. This can affect your credit score.
We don't offer loans under 60 days. We offer 6 or 12 month loans. So, the minimum repayment period is 6 months and the maximum repayment period is 12 months. You can choose to repay early and save on interest without any penalty. Maximum APR 1721%.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Very good company
Very good company, it's easy to fill out the application, everything is written well and clearly and the money is quickly in your account. The company is worth recommending
Grzegorz Komajda, 24 November 2023
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