Evolution Loans provides Hire Purchase agreements for motor related assets exclusively for dealer partners of Evolution Funding.
Leveraging the data insight gained via the wider Evolution Funding systems and processes, Evolution Loans is able to make positive and robust underwriting decisions that our prime lending partners cannot agree through autonomous decisioning. As a result, Evolution Loans can identify and approve customer applications that deliver high lending margins with proven low default rates.
“Most prime funders see a CCJ or default and decline the deal. We try to look at the bigger picture. Is the adverse out of character, does the customer pay their mortgage and current fixed term credit? If so, and the deal structure is right, we look to offer an approval on prime terms.”
Matt Randall – Senior Underwriter