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Evolution Money: Personal Loan reviews

Name: Personal Loan
Rating: 2.38 (8 reviews)

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2.08

Based on 8 reviews, last reviewed 22nd Sep 2025

No new 5 star reviews

in the past 90 days

100% increase in 1 star reviews

in the past 90 days

25%

4 star

13%

49%

Latest highest rating:

5

straightforward process. straightforward process. Good communication throughout loan application process. Reviewed on: 24th May 2024

Latest lowest rating:

1

AVOID! Sell a kidney if you have to What a complete waste of time and energy! I applied for a secured loan 22 days ago and was told that Evolution Money were one of the quicker paying lo... Read more Reviewed on: 22nd September 2025

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Looking for Evolution Money reviews from customers like you? Our Smart Money People community shares their Evolution Money personal loan reviews so that people like decide if this is the right loan for them. Or if you've already got a Evolution Money loan, please share a review of your experiences and comments with our community and you'll be helping others see what life as a Evolution Money loan customer is like.

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Evolution Money Personal Loan reviews (8)

AVOID! Sell a kidney if you have to

What a complete waste of time and energy! I applied for a secured loan 22 days ago and was told that Evolution Money were one of the quicker paying loan companies, expecting to pay within 3-5 days. What a load of cobblers! They strung me along for 22 days, reassuring me that I was a good candidate to be accepted to the loan. I connected all my bank accounts and they went through each transaction with a fine tooth comb, asking me to explain what each and every thing was. They also went through my credit file in great detail and I spent MANY HOURS on the phone to their underwriters explaining everything. Even then they kept coming back to me with follow up questions day after day. It was soul sapping, and I would much rather have dragged myself over broken glass naked than spend that length of time poring over every detail of my life, justifying every purchase. They even wanted to know what some £5 purchases at Amazon were for. I also had to keep chasing them for updates. The final straw was on Friday when I spoke to one of the underwriters handling my case (Kadeel). He seemed confident of a positive lending decision on Monday and that he would call me in the morning. Guess what? I didn't receive a phone call and I had to chase yet again at 15:30. The assistant who answered told me that Kadeel was conveniently unavailable, but the lending manager had declined my application and that was that. What a joke of a company. I was only applying for a loan of £18k that would have been SECURED on my property which has £400k equity. WHERE IS THE RISK?! Anyone would have thought I was asking to borrow £1m based on how I was hauled over the coals. I would not recommend Evolution Money UNDER ANY CIRCUMSTANCES. Sell a kidney if you have to, it will be quicker and be much less inconvenience! Reviewed on: 22nd September 2025

straightforward process.

straightforward process. Good communication throughout loan application process. Reviewed on: 24th May 2024

Reply from Evolution Money We’re pleased you had a good experience. Thank you for your feedback! Response date: 10th June 2024

Stay away!!

I can’t for the life of me understand why this company are still allowed to trade. They are basically loan sharks in suits. Please unless you are on the brink of losing everything don’t use this company. They wrap you up in years of debt whilst manipulating applications. Unless you want to be paying astronomical interest rates that rise near enough every month DO NOT USE evolution money. Contact local debt advice services before signing your life away to this company. Should be illegal how they operate. Reviewed on: 4th July 2023

Reply from Evolution Money We appreciate your review and will use it to enhance our services. Response date: 10th June 2024

Biggest rip off out there

I took a secure loan for £30,000 over 1 year ago and started paying £505 per month but they slowly increased the unrest rate each month now costing me £670 per month. After 14 months paying between £500/£670 ( roughly £7500 ) my balance is now at £30,360 due to interest + fees and charges. I can not believe how much of a scam this company is and still gets away with it avoid at all costs!! Reviewed on: 20th March 2023

Reply from Evolution Money Thank you for your review. Your input helps us grow and improve. Response date: 10th June 2024

Amateur in sign up procedures

I seemed to go through 3 levels of sign up procedure only to fail on the final hurdle over something that was clearly obvious from the beginning . Not impressed . In fact they didn’t bother to even tell me I had not been approved , I had to phone up after a week of waiting and thinking I had been approved to find out I hadn’t … Reviewed on: 7th March 2023

Reply from Evolution Money Thank you for your review. Your input helps us grow and improve. Response date: 10th June 2024

Best 2nd charge Digital Journey

I would Recomend Evolution Money for having the best digital journey in the 2nd charge lending space. The Evolution Money app allows Pre-approved Offers and incorporates Open banking and Digital ID and as a result Evolution Money now have the indsutries fastes referral and pack back to fund times. Reviewed on: 14th July 2022

Reply from Evolution Money We’re happy to hear you’re satisfied. Thanks for your review! Response date: 10th June 2024

Extortionate rates, extortionate resettlement

Having borrowed from Evolution Money over four years ago, I can stress in a humble manner, a personal experience: having made monthly payments, without any default, I was in a position to pay off my loan, very recently. I originally borrowed 10,000 pounds, and on asking for full 'early' settlement, I still owed 10,000 pounds, this after, well over 4 years of regular monthly payments. The figure of settlement included two months of interest on top, which was nearly 400 pounds! I have paid in full, rather than stay with these lot any longer. I suggest people are careful in their borrowing from Evolution Money. The reviews appear to be focused on customer skills, rather than monies owed. Please be careful. Reviewed on: 30th November 2021

Reply from Evolution Money Thank you for your honest feedback. Response date: 10th June 2024

Greatly appreciated

I would like to win a free sample of the offering Reviewed on: 7th June 2019

Reply from Evolution Money Thanks for leaving a review! Response date: 10th June 2024

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