Important disclosure

Everyday Car Loans Overview

Everyday Loans logo

Everyday Loans started business in 2006 to offer loans to customers with poor payment histories. Compared to other lenders in the UK, they are more willing to lend to such people. They now have a network of 75 branches spread all across the UK.

Need a new set of wheels? Everyday Loans car finance may be the help that you need. If you have a tight budget, you can relax. The Everyday Loans car loan calculator can give a monthly cost you can work with.

Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.

About Everyday car loans

When you shop for a car loan, it’s important to know what you’re getting. Here’s a quick list of features you should know about Everyday car loans:

  • Amount between £1,000 up to £15,000
  • Term between 18 to 60 months
  • Fixed APR (currently at 99%)
  • Short and fast application process
  • Soft search during the loan review
  • Instant decision within minutes (in most cases)
  • No processing fees
  • Access to funds within a few days

Everyday car loans are only meant for purchases or repairs of cars. They can’t be used for other things such as for business, gambling, or criminal activity.

For other information you may need, please visit Everyday’s website here.


How to apply

Before starting your application, you should check the requirements first. You can apply for an Everyday car loan if you:

  • Are over 18 years of age
  • Are a permanent UK resident
  • Have a UK-based bank account
  • Earn regular income

If you meet all the above, you can apply directly on Everyday’s website. You may need to provide additional documents or information during your application. These are normally about your identity, address, income and expenses.

If you receive an approval, you’ll have to go to your nearest Everyday branch. There, an Everyday loan expert will meet with you to complete your application.

 

Everyday car loan calculator

Loan Amount

£20,000

Term

60 months

Everyday Loans

Everyday Loans Car Loans

EST Monthly Repayment
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £200,000
View Everyday Loans's website for more details on their car loans

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Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.

Everyday car loans FAQs

Are Everyday a direct lender?

Yes. The loan will come from them, which is why they don’t charge processing fees.

Is it safe to get a car loan from Everyday?

Indeed! The Financial Conduct Authority oversees all the loans they provide.

How can I contact Everyday about my car loan?

You can easily reach them by contacting your nearest branch.

What rate will I get from Everyday for my car loan?

In most cases, Everyday customers get the current rate which is 99%. The final rate depends on additional factors like the loan amount and your payment history. Everyday will never give a rate higher than 299.8%.

Will the soft search affect my score in my Everyday car loan application?

No, it won’t. Other lenders won’t be able to see the soft search Everyday will do. Your score will stay the same even if your application is rejected.

Can I apply for an Everyday car loan even if I have poor payment history?

Of course! However, you may need to apply with different terms like a smaller amount.


Find out more about Everyday car loans

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