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Evolution Loans

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

  • £5 million+ live loan balances
  • £12.5 million+ lent & collected
  • 5 cases incepted in 2015/16 are 60 day+ in arrears out of 1065 (0.46% of cases)
  • High growth potential with access to over 125,000 Evolution applications per annum

You can view our Privacy Notice here

Evolution Loans Ltd are authorised and regulated by the Financial Conduct Authority. Our FCA number is 661541. We are a lender not a broker.  Finance subject to status. Terms and Conditions apply. A guarantee may be required. Over 18’s only. PLEASE ENSURE YOU CAN AFFORD THE REPAYMENTS FOR THE DURATION OF A LOAN BEFORE ENTERING INTO A CREDIT AGREEMENT. We are only able to offer finance products from these providers who will, in most cases, pay us a commission to do so. Commission may also be paid to the introducer by us. Prices, offers and information correct at time of publishing.

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