Once you pass the initial checks, there are a few steps before you receive a final decision and, if approved, your loan.
Verify your details
You’ll confirm your email address and sometimes your mobile number. We’ll send a link by email for you to continue your enquiry securely. If needed, you’ll then verify your mobile number using an SMS code.
2. Share your bank statements securely
You’ll choose your bank from the list and connect to your online banking. This:
Helps Evlo understand your income and spending
Takes about two minutes
Is read-only
Is only used for this enquiry
3. Speak to an Evlo team member
If you’re approved, Evlo will usually call within an hour during working hours, which are 9.30am - 5.30pm Monday to Friday, and 9.30am - 5pm on Saturday. If it’s late in the day, they may call the next working day.
Most loans are finalised over the phone.
4. Final checks and payout
If you’re approved by Evlo and happy with the terms, the loan can be paid out.