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Check if you're eligible for a quote

I’m a permanent resident of England, Wales or Scotland.

I’ve lived in the UK for at least three years and have a UK bank account in my name.

I’m in employment or retired and have a minimum annual income of £19,000.

I don’t currently have any County Court Judgements (CCJs), any Debt Relief Orders or an Individual Voluntary Arrangement (IVA) and I’m not currently bankrupt.

Personal Loans for Cars

Drive home your dream car with a personal loan

No arrangement fee

We don't charge a fee for organising your loan

You're in control

You own your car outright from day one

Credit score friendly

Your quote won't affect your credit rating

What’s a car loan and how does it work?

A car loan is a loan you can use to pay for a new or used car.

It’s an unsecured loan where we agree on an amount you can borrow and how long you’ll have to pay it back, with a fixed amount of interest.

The money will be transferred into your bank account to buy your new car, and you’ll then pay this money back to us in monthly instalments.

We offer car loans between £1,000 and £30,000. You can choose to pay it back over 12 to 96 months.

Is a car loan right for me?

A car loan could be right for you if you want more flexibility when buying a 
new car.

You can shop around for the right deal, you may get a better price as you have the freedom to negotiate, and you’ll own your car outright from day one.

Read our guide on unsecured and secured loans to learn more about the differences.

Representative example

If you borrow £10,000 over 60 months with monthly repayments of £241.68, the total amount repayable is £14,500.80.

Representative 16.9% APR, annual interest rate (fixed) 15.72%.

How our interest rates work

The interest rate we offer will vary depending on:

  • the loan amount – how much you’re borrowing
  • the repayment term – the amount of time you’re going to pay it back over
  • your financial circumstances – including your income and credit score

We’ll also do a credit check to independently look at your repayment history and credit score using information held by credit reference agencies like Equifax.

Car loan eligibility checklist

You will be eligible to apply for a car loan with us if you:

Are a permanent resident of England, Wales or Scotland

Have lived in the UK for at least three years and have a UK bank account in your name

Are in employment or retired, and have a minimum annual income of £19,000

Don't currently have any County Court Judgements (CCJs), any Debt Relief Orders or an Individual Voluntary Arrangement (IVA) and aren't currently bankrupt

How to take out an unsecured loan to buy a car

There are three simple steps to get an unsecured car loan.

Get your quote

Enter some personal details and how much you’d like to borrow

Submit your application

You may need to upload documents like payslips or bank statements

Sign your agreement

Review and sign the contract to get your money in three working days

How to buy a car with your loan

The sum of your loan will be paid directly into your bank account.

Once you have this money in your account, you can choose to buy a car online, at a car dealership in person or through a private seller. There are advantages and disadvantages to all these options.

Buying your car online

Buying your car in a dealership

Buying from a private seller

Why choose us for your personal car loan

Repayments without the stress

You can make early repayments at any time or make overpayments without having to pay any extra fees.

Five star service you can trust

Over a thousand of our TrustPilot reviews rate us 5 stars for our loans and our service.

No arrangement fees or charges

Unlike other loan providers, we don't charge you an admin fee for organising your loan and reserving your funds.

See your rate before you buy

We're transparent about the rate you'll get on your loan before you apply - and your quote won't impact your credit score.

Manage your loan easily with MyAccount

You can access your account 24/7, view your recent transactions, and update personal details in MyAccount.

Get your money in three days

We'll transfer your money to you within three working days, so you can buy your dream car as soon as you want.

Car loans glossary

Applying for a loan shouldn't be confusing and intimidating. Here are some key terms you'll hear when reading about loans and what they mean.

Arrangement fee

Annual percentage rate (APR)

Credit score

Guaranteed rate

Pre-approval

Your questions answered

Personal Loan Answers

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