Late repayment can cause you serious money problems. Your vehicle may be repossessed if you do not keep up repayments on your loan. For help, go to moneyadviceservice.org.uk
349.9% APR Representative Example: If you borrow £1,000 over 18 months at an interest rate of 160.2% per annum (fixed). You will make 18 monthly payments of £149.14 with a total amount payable of £2,684.52.
Get a Loan Against Your Car
We secure our loans against your car, van or other commercial vehicle, just like a “normal” secured loan is secured against a house or property. Getting a loan against your car allows you to borrow money at less expensive interest rates than some other forms of lending such as payday loans. Not just that, if you get a loan secured against your house, then your home could be at risk if you are unable to make your loan repayments. Using your car / vehicle as security means that you can save money without risking your home.
As a responsible lender, once you apply for a loan against your car we will always do as much as we can to make sure that you can comfortably repay the money we are lending you. However, if you ever find yourself in financial difficulty and are struggling to make a repayment, we will do our very best to work with you to find a solution to help you get back on track with your loan and we aim to avoid repossessing vehicles wherever possible.
There are a number of different lenders from whom you can obtain a loan against your vehicle, but if you are looking to access this form of lending and take advantage of the value of your automobile, it is important to make sure you are getting a loan that is right for you and that the repayments are within budget. Each time we receive an application from someone aiming to find and apply for this form of loan / lending, we always check the repayments are affordable.