Evlo Loans review: Is Evlo legit, safe and worth It?

Evlo provides unsecured personal loans and usually consider applicants who have found it harder to qualify with mainstream lenders. It’s designed for borrowers with fair or limited credit histories who want to consolidate debts or cover essential costs.

But is Evlo legit? How does it actually work? And is it worth considering?

Here’s everything you need to know.

What is Evlo?

Evlo is a UK lender offering unsecured personal loans, typically for people with limited or less-than-perfect credit histories. The brand was formerly known as Everyday Loans, rebranded to Evlo in 2025.

Evlo provides loans between £1,000 and £15,000, repayable over 18 to 60 months. Interest rates are personalised and depend on the borrower’s income, credit history, and affordability checks. Unlike most online-only lenders, Evlo maintains a branch-based model, meaning applicants can receive their loan decision online but complete the agreement in person at one of its UK branches.

Evlo say that this allows them to explain the details of the loan clearly, answer any questions, and assess whether the product is suitable for the customer’s circumstances. The approach is designed to promote transparency and responsible lending, particularly for borrowers who may have been declined by other providers.

How does Evlo loans work?

You can start by completing a free eligibility check to see if you could qualify for a loan with Evlo or another lender. This uses a soft credit search, meaning it won’t affect your credit score.

If you’re matched with Evlo, the next step is to confirm your details and arrange a branch appointment. During the appointment, you’ll discuss your financial situation, provide documents such as proof of income and address, and complete affordability checks before a lending decision is made.

Loan rates are personalised, based on your credit profile and income. Monthly repayments are made by direct debit, and you can repay early without penalty fees, although interest will still apply up to the date of settlement.

Key points:

• Check your eligibility first; it’s free and won’t affect your credit score.
• Loan agreements are typically finalised in person at a local branch before funds are released.
• Rates and terms depend on your circumstances and affordability.
• You can repay early with no penalty fees yet interest will still be charged.

Who owns Evlo?

Evlo was previously known as Everyday Loans Limited, part of the Non-Standard Finance (NSF) Group, a company that specialised in credit products for customers who may not meet mainstream lending criteria. Evlo is authorised and regulated by the Financial Conduct Authority under firm reference number 724445 and is registered in England and Wales. Its head office is located in Bourne End, Buckinghamshire.

Following a period of restructuring and rebranding, the business changed its name to Evlo Loans Limited in 2025. It continues to operate as a UK-based lender offering unsecured personal loans under full regulatory oversight.

What do Evlo say about their rebrand?

“Evlo marks the beginning of a new era in our mission to tackle financial exclusion. This rebrand reflects our ambition to provide credit and lead the industry in responsible lending and accessibility. We are strengthening our commitment to customers who need us most.”
Jono Gillespie, Chief Executive Officer

This statement reflects Evlo’s description of its own product. Consumers should always compare APRs, fees and eligibility across providers before applying.

Is Evlo a good option?

Evlo can be a suitable option for people who want a more personal approach to borrowing and may not meet the criteria of mainstream lenders. Its in branch model provides the opportunity to discuss your situation face to face before agreeing to a loan, which some borrowers may find reassuring.

However, Evlo’s personalised service comes with trade offs. Rates can be higher than those offered by online only or prime lenders, and completing the process in person takes more time than a fully digital application. As with any credit product, the right choice depends on your financial circumstances and what you can comfortably afford to repay.

Evlo loans:

• may suit borrowers with fair or limited credit history.
• offers in-branch support and personal affordability review.
• has rates that can be higher than mainstream or online lenders.
• are subject to status and affordability checks.

Is Evlo legit and safe?

Yes. Evlo is a legitimate and fully regulated UK lender. The company is authorised and regulated by the Financial Conduct Authority under firm reference number 724445 and operates in accordance with the Consumer Credit Act and FCA Consumer Duty standards.

Evlo Loans Limited is registered in England and Wales and continues to trade from its head office in Bourne End, Buckinghamshire. It follows strict policies around affordability, responsible lending, and customer transparency.

Your personal information is protected under UK GDPR and data protection laws. Evlo is also registered with the Information Commissioner’s Office (ICO), which regulates how financial firms handle customer data.

Key information about Evlo:

• FCA authorised and regulated (FRN 724445).
• Complies with Consumer Credit Act and Consumer Duty rules.
• Registered with the Information Commissioner’s Office (ICO).
• Subject to UK data protection and privacy regulations.

What do customers say about Evlo?

Reviews on Trustpilot highlight the professionalism and friendliness of Evlo’s staff, with many customers describing their experience as polite, considerate, and supportive. Borrowers often mention feeling welcomed throughout the application process and value the clear, patient guidance provided at every stage.

Consumers frequently comment on:

• The polite and helpful approach of branch staff
• Clear explanations and transparency during the loan process
• An efficient and straightforward application experience
• Personalised service and clear communication

While most feedback is positive, a few reviewers mention mixed experiences with payment handling and account management. As with any credit provider, individual experiences can vary depending on personal circumstances and expectations.

Frequently asked questions

Summary: Is Evlo right for you?

Evlo provides a more personal route to borrowing through in branch meetings and tailored affordability checks. It can be useful for people with limited or developing credit histories.

However, if you’re eligible for lower interest rate products from mainstream or digital lenders, those options may work out cheaper overall. Always compare the total cost of credit and check your eligibility across several lenders before applying.

Editorial disclaimer: Content presented here has been impartially gathered and is offered on a non-advised basis for informational purposes only. Always check full details with the lender before applying, and consider whether the product suits your circumstances.