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Understanding Car Loans

A car loan from Loanable is a financial tool that enables you to spread the cost of a car over a set period of time. Instead of paying the entire amount upfront, you can manage your budget effectively with regular payments over a period that suits your financial situation.

Here’s why our car loans might be the ideal solution for you:

  • Simple and Affordable: Purchasing a car can be a significant financial undertaking. At Loanable, we aim to alleviate this pressure. Our car loans range from £1,000 to £1 million, helping you secure your desired vehicle with straightforward, regular repayments.

  • Flexible Terms: Everyone’s financial needs and capabilities are different. That’s why we offer repayment periods from 1 to 10 years, allowing you to choose a term that suits your circumstances best.

  • Covers Various Vehicle Types: Whether you’re buying a compact city car, a spacious family SUV, a luxurious sedan, or a practical commercial vehicle, our car loans can cater to all your needs. We ensure you get the financial support you require for the vehicle that best suits your lifestyle or business requirements.

  • Understanding Approach: Traditional lenders often focus on rigid criteria. At Loanable, we look at your complete financial picture. So, regardless of your credit history or personal situation, you could qualify for a Loanable car loan.

  • New or Used Cars: Whether you’re eyeing a shiny new model from a dealership or a reliable used car from a private seller, we’ve got you covered. We offer financing for both new and used cars, giving you the freedom to choose the best car that meets your needs and budget.

At Loanable, we’re not just about providing loans. We’re committed to helping you navigate your financial journey with an experienced team ready to support you at every turn. With our car loans, we aim to make your vehicle ownership dreams.

The Benefits of Choosing Loanable Car Loans

Our mission at Loanable is to support you in your financial journey. Our car loans offer multiple benefits, empowering you to achieve your dream of owning a vehicle with confidence, regardless of your financial history.

  • Hassle-free Car Ownership: Buying a car shouldn’t be a stressful experience. Our car loans allow you to acquire your dream vehicle without the worry of upfront costs, helping you manage your finances effectively.

  • Flexible Repayment Terms: We understand that everyone’s financial situation is unique. Our repayment terms range from 1 to 10 years, providing you with the flexibility to choose a repayment period that fits your financial capabilities and requirements.

  • We Look at the Whole Picture: At Loanable, we assess your overall financial situation, not just your credit score. This comprehensive approach ensures that even if your credit history is less than perfect, we still aim to help you secure a car loan that suits your needs.

  • No Initial Credit Checks: We understand that applying for a loan can be daunting, especially if you’re concerned about the impact on your credit score. That’s why we don’t perform initial credit checks. Instead, we evaluate your overall financial health to make our lending decisions.

Choose Loanable’s car loans for a compassionate and understanding approach to lending. We’re here to support you in achieving your dream of owning the perfect vehicle.

Secured Car Loan Use Cases

Our car loans are versatile and can be employed in a variety of situations. Here are some common examples where a car loan from Loanable could be the perfect choice:

  • Buying a New Car: Whether it’s your first car or a long-desired upgrade, our car loans can provide the funds you need to buy that new vehicle you’ve been eyeing. Turn your dream into a reality without burdening your finances.

  • Refinancing an Existing Car Loan: If you already have a car loan but find the interest rates or repayment terms less than ideal, our car loans can be a great tool for refinancing. By swapping out your current loan for a new one with better terms, you can save money over time.

  • Restoration and Repairs: Classic cars or used vehicles often need some extra love and care. If you’re planning a restoration project or need to make significant repairs, a car loan can help cover those costs without stretching your monthly budget too thin.

  • Lease Buyout: If your lease is ending but you’ve grown attached to your vehicle, a car loan can help you buy the car from the leaser. This gives you the ability to make the vehicle truly yours.

  • Buying a Commercial Vehicle: If you’re a small business owner in need of a van, truck, or any other commercial vehicle, our car loans can provide the necessary funds. Get your business moving by securing a loan to purchase the right vehicle for your operations. Our business loans may also be an option for you.

At Loanable, we’re committed to providing financial solutions that cater to your unique needs. Rely on us to guide you towards a smooth and convenient car ownership experience.

Are You Eligible for a Loanable Secured Car Loan?

At Loanable, we are steadfast in our commitment to making our car loans accessible for all. Our primary objective is to help you restore your financial stability, no matter what your personal situation might be. Whether you’re buying your first car, upgrading to a newer model, or investing in a cherished classic, our car loans are designed to empower you on your financial journey.

Here’s a broad overview of our eligibility criteria and stipulations:

  • Age Requirement: You need to be at least 21 years old to apply for a Loanable secured car loan.

  • Property as Security: Our car loans require a property as collateral. This could be your residence or another property you own.

  • Proof of Ability to Repay: While we don’t exclusively base our decisions on your credit history, we do need evidence that you’ll be able to repay the loan. This could come in the form of income details, savings, or a budget plan reflecting your ability to manage the new loan repayment.

  • Residency: Our car loans are available to UK residents. In terms of documentation, we usually require:

    • Proof of identity (e.g., a passport or driving license)
    • Proof of address (e.g., a utility bill or bank statement)
    • Proof of income or repayment plan
    • Details about the property being used as security

We’re proud of our inclusive approach to lending. Don’t let a lack of traditional qualifications or a poor credit history stop you from applying for a secured loan with us. We’ll look at your entire financial situation and work hard to find a solution that suits you. Apply today and let us help you streamline your financial management.

How to Apply for Your Secured Car Loan

We understand that dealing with money matters can be overwhelming, which is why we’ve made our loan application process straightforward and hassle-free. Here’s your step-by-step guide to applying for a car loan with Loanable:

 

  • Step 1: Complete Our Online Form
    Start by filling in our simple online form. We’ll need a few basic details about you, the loan amount you want, and the property you’re using as collateral.
  • Step 2: Talk with Our Advisors
    Once we get your online form, one of our friendly and skilled advisors will get in touch. They’ll chat about your individual needs and financial situation, and they’ll be happy to answer any questions. This conversation lets us tailor the loan to fit your unique needs.
  • Step 3: Get Your Personalised Loan Proposal
    After we talk with you, we’ll use our know-how to find the best lender for you and put together a loan proposal that fits your situation. We’ll send this proposal to you for you to look over and approve.
  • Step 4: Legal and Property Checks
    When you’ve approved the proposal, we’ll go ahead with the needed legal checks and property valuation. We aim to do these checks quickly to avoid slowing down your loan process.
  • Step 5: Loan Payout
    After we’ve successfully done all the checks, the lender will release the funds. How long this takes can vary, but we always aim to get the money to you as soon as we can.

Our team of expert advisors is on hand seven days a week to help you throughout the application process. Feel free to reach out to us anytime. Getting a car loan with Loanable is this simple! Start your application today and take the first step towards reaching your financial goals.

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Car Loan FAQs

At Loanable, we’re all about making your financial journey simple and transparent. So, we’ve gathered your most common questions about our car loans, providing you with all the answers you need in one place.

A car loan from Loanable is a type of personal loan specifically designed to help individuals finance a new or used vehicle. You borrow a certain amount of money and repay it with interest over a fixed period of time.

Remember, it’s crucial to ensure that you can meet the repayments of a secured loan, as your property will be at risk if you fail to repay the loan. Always consult with a financial advisor or trusted expert before making a decision.

Your Trust is Our Reward

At Loanable, your trust is paramount to us. We’re proud to be fully authorised and regulated by the Financial Conduct Authority (FCA). This means we adhere to the highest standards of conduct in the financial services industry, putting your interests at the heart of our business.

We’re also humbled and grateful for our clients’ positive feedback, earning us over 150 5-star reviews on Feefo.

Take the first step towards securing your property goals with a company that’s trusted by hundreds of homeowners across the UK. Get in touch with us today to explore your bridging loan options.

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Get in touch

We’ve made sure you have various ways to reach out to us. Whether you have questions, need more information, or are ready to apply for a loan, we’re here to help!

Phone: You can call us directly at 01925 988055. Our friendly team is available Monday-Sunday from 9am-7pm to assist you.

Email: Prefer typing out your queries or concerns? No problem! Reach us at [email protected], and we’ll get back to you as soon as possible.

Physical Address: If you’d rather speak to someone in person, you can visit our office at The Old Rectory, Rectory Lane, Winwick, Warrington, WA2 8LE.

Taking the Leap with Loanable:
Ready to bridge the gap in your finances with a bridging loan from us? Wonderful! Click the “Complete Our Form” button below, and let’s get started. Or if you have more questions, don’t hesitate to reach out to our team. We’re always here to ensure you have all the information you need to make the best decision. Your financial future awaits, let’s explore it together with Loanable!

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About Us.

We’re based in the North West of England with a dedicated, experienced team of  advisors helping homeowners, property developers and investors across the United Kingdom. We have access to over 400loans from the nation’s top lenders. We’ll match your individual circumstances to the right advisor who will source the best lender and ensure you get the correct deal.

We’re open 7 days a week Simply complete the form and one of our advisors will make contact and talk you through your options.

Our team.

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