Why you need to connect your bank account to get a loan
To give you a personalised loan quote, Evlo need to understand your income and spending. The quickest and most secure way to do this is to share a digital copy of your bank statements through your bank. We partner with consents.online to help you do this in the most secure way.
Select the bank account that you use for transactions like:
· your salary
· any mortgage or rent payments
· any bills and direct debits
Have your online banking details to hand. You’ll be redirected to your bank to securely log in and share a read-only snapshot of your digital bank statements.
It usually takes around two minutes and is the quickest and most secure way to get you a personalised quote.
How your information is used
Evlo will have one time, read only access to your digital bank transactions. They will be used only for this loan enquiry, to understand your income and spending. It helps them to be sure you can afford to repay the loan comfortably and means they can get you an accurate quote.
They'll be able to see:
· Your account details (not your login details)
· Your account transactions for the last 3 months
· Your contact details.
See our privacy policy for more details on how we look after your information.
What credit checks do you run?
The initial credit check with Evlo is a soft search which is not visible to other companies. This means it has no impact on your credit file.
It doesn’t become a hard credit search until you have agreed to take out the loan.
