What is a car loan?

A car loan is a loan, which is meant for buying a car.

How is Car Loans UK different from other loaning agencies?

It has a large pool of lenders associated with it. In addition, the loan experts from Car Loans UK negotiate with the lenders to avail you car loans at lower APR.

What is the rate of APR associated with car loans availed through Car Loans UK?

Car Loans UK is only a loan facilitator and not a lender, thus lenders decide the APR associated with car loans. As such, the APR could be known only after applying for the loan.

Once I sign the papers, am I really committed in taking the loans?

No, an applicant of car loans with Car Loans UK may opt out of any loaning process anytime. However, it should be done before sanctioning the loan amount.

Are there any brokerage fees associated with availing the car loans? No, Car Loans UK do not charge any brokerage fees to arrange car loans in the UK. May I extend the period of repayment? Individual lenders have different policies on extending the period of repayment. So, it is up to a lender to decide whether they can extend the period of repayment associated that particular car loan.

Is all the information I enter in this website private and confidential?

Yes, information you enter in this website are confidential and private.

Do I have to pay any fee if I wish to make the repayment earlier than the pre-agreed date?

It is dependent on the lender to decide whether you have to pay an exit fee to make the repayment earlier than a pre-agreed date. However, it has been observed that lenders charge a minimal fee to let you repay the amount earlier than the due date. What will happen if in future I am unable to make the repayment? In case, you are unable to make the repayment in future, an advisor will be allotted to look into your case and help you avail a remedial course of action. However, on extreme cases, your car may be repossessed.