UK Car Loans Calculator

The results of this UK fast car loan payment calculator are for comparison purposes only.

They will be a close estimation of actual auto/car loan repayments if available at the terms entered, from a UK financial company.

This calculator is being provided for you to plan your next UK car loan application and make the process easier to understand.

To use the calculator, enter the values for the desired Loan Figure, Number of Months for Loan, and the Interest Rate (e.g. 7.25), then click the Calculate button.

If you click the Reset button will clear entered values.

Description Data Entry
Car Loan Amount
Loan Length in Months
Interest Rate
Monthly Payment Calculated

Enter only numeric values (no commas), using decimal points where needed.
Non-numeric values will cause errors.

Contact Us/Meet Paul

Paul Crane is the main contributor to this No Credit Check Car Loans advice website.

He has been a finance writer for many years and has a broad understanding of many aspects of financial industry which include:

  • Boat Loans
  • Used car loans
  • Auto loan refinancing
  • Paul has also contributed to many forums and websites and works mainly as a freelance advisor and writer.
  • Bankruptcy car loans

He has also contributed to online forums and radio shows and we are thankful to have him as an expert advisor at nocreditcheckcarloans.co.uk

Some of the topics Paul has agreed to address and write about (in relation to no credit check matters) include:

What are the requirements for no credit check car loans?

Poor Credit Secured Loans

Financing for boats and cars when you have a bad credit score

How to secure no credit check cash loans

If you would like to ask Paul any questions relating to poor/adverse credit finance then please send us an e-mail to the adress below and we will pass them on to Paul.


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No Credit Check Loans in the UK

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HSBC UK car loans explained

Getting UK car loans is not as difficult as it might seem even with the current credit crunch in the market.

hsbc uk car loanCars are a basic necessity for people and it is only obvious that people will continue to require new cars and will continue to need UK car loans for financing their cars.

When it comes to UK car loans, there are plenty of different options available to people now among which are HSBC UK car loans.
HSBC UK car loans

When it comes to HSBC UK car loans, there is some information which you will need to know in order to determine if HSBC will be right for you or not. HSBC is a bank first and an auto loan financer second.

Auto loan is not the main focus of the company. However, this does not mean that HSBC is not an effective loan financer.

HSBC has been in the finance industry for more than a century now and they have evolved over the decades with their experience.

Today, HSBC serves in several different countries and if you are looking for a reputable and established financer, there could probably no place better than the HSBC UK car loans.

Since HSBC has been providing HSBC UK car loans for so long, they definitely have the know-how and experience in the field and they do understand the unique needs and requirements of every applicant.

Since there are quite a lot of competitors in the UK car loans industry and everyone is vying for your business it might get hard to determine if HSBC is really right for you or not.

HSBC UK car loans are actually quite different than the typical car loans. HSBC provides refinance loans.

This means that if you already have a loan on your car and if you are looking for a financer with a lower rate of interest to refinance it, you can think about HSBC UK car loans.

However, if you are looking for an initial car loan you would not be able to get it from the company. HSBC UK car loans are basically for those who already have a car loan and want to save on their existing loans by switching to a financer offering a better rate.

The rate of interest itself offered by HSBC is quite low, though it can vary according to the situation of the borrower.

Since HSBC is mainly targeting refinance market, they do offer one of the best rates in the market.

However, the exact rate of interest which will be charged in your case will depend on a number of factors like your current credit score, the duration for which your loan is, the car that you are driving, your current obligations etc.

A number of other factors will also be considered

That being said, with HSBC UK car loans, customers can save an average of 1.5% to 2% on their annual interest rate on refinancing which means quite a substantial sum of money as savings on the car loan through the entire course of loan.

Also, with HSBC UK car loans there are quite a lot of other benefits like ease of contact, good customer service and a number of other benefits and perks for being a customer of a reputable bank like HSBC.

UK Bankruptcy car Loans explained

Bankruptcy is probably the strongest element that can greatly lower your credit score.

bankrupty car loansAs crazy as it seems, getting yourself an car loan after filing bankruptcy might be a good strategy for you to recover your bad credit line provided that you are ready to turn over a new leaf by making the payments on time.

If done perfectly, it will greatly raise your low credit score and help get your credit in order.

car loans ukSome people think that going through a bankruptcy makes it impossible for a person to get a car. Actually, having such misfortune doesn’t really mean you can’t get a car. There are some loan lenders that have very minimum requirements which open a wider avenue for you to apply for an car loan.

The level of a bankruptcy has several chapters with various definitions of how the situation has gone bad.

Most of car loan lenders specialize in providing a reachable car loan for those who have just filed for a bankruptcy of chapters 7 and 13. If you had such a bankruptcy, then there’s probably no reason for you to just sit around waiting for nothing to happen.

Owning a car these days has proven to be very significant even after a bankruptcy. You don’t necessarily need to have a good credit to get yourself a car loan.

There are actually a lot of car loan lenders that offer car loan with bankruptcy and have already helped millions of people with credit problems.

Just make sure that the institution you have chosen to rely on has at least ten years of experience to ensure you of a great car loan as your first step of moving on from having a bankruptcy.

In some cases, it is also possible to drive away immediately in a new car the same day you apply if you have completed your bankruptcy. This is very much possible as car loans these days are much faster and easier with the help of the internet.

You will be able to ensure yourself of a new car even without having to go out from your house. Application forms are quick and easy to fill in as they can be submitted online as well.

With moments later, you will be contacted by the company’s finance specialist regarding your approval information. With such approval, you are then on your way of picking out your new car.

Moving on from a bankruptcy may be a little hard for some people. But, there are a lot of ways for a person to get going and still live life as it should be.

One of the best ways to do so is by owning a new car. With your new car, a lot of opportunities will be within your reach and you will be able to do things a lot faster and easier for you to get back up again.

An intro to Capital One UK car loans

Capital One UK car loans have been around for almost two decades now.

capital oneHowever, it is important to evaluate and understand if Capital One would be right choice for you in terms of a car loan or not since car loans are typically different for every individual.

The best thing to do is to ask for reviews of the current customers of the company and see how their experiences have been. Also, with so much information available online today it is just as easy to do some research on the internet.

Capital One UK car loans have been one of the most popular among all the financers who today provide UK car loans.

The company specializes in home and car loans. The company also provides banking and credit card facilities.

Obviously, for every individual the auto loan would be on a different rate of interest depending on various factors which are taken into account for calculating the applicable rate of interests.

For those who are looking for a trusted and reliable financer, Capital One might be the right option.

While it can’t be guaranteed that Capital One UK car loans would provide you with the best rates, they would definitely provide you the best service.

Capital One UK car loans

Capital One UK car loans are quite popular with borrowers since they provide flexibility and fast service to the applicants. The company provides UK car loans for new as well as used cars.

For those who are interested in getting a car loan for a new car, the process is very simple.

One of the biggest advantages of Capital One UK car loans is its speedy process. The company provides online application facility where the applicants have to fill up only a very short form on their website.

Also, according to the claims of the company, once the application is submitted online it only takes a few minutes to know the decision of the loan.

Capital One UK car loans are also totally free of charge. What this means is that applicants do not have to pay a documentation charge or an application fee for getting a UK car loan.

Applicants can also get a totally free quote from the company for the loan before they make a decision which is quite convenient.

In case the borrower wants to repay the loan faster than the loan period, there is no prepayment penalty charged on Capital One UK car loans.

The documents to be submitted are also quite minimal which include a driver’s license, proof of residence and employment and references.

Once the loan is sanctioned and the documents are submitted, applicants will immediately receive a check for their loan amount.

For those who would be interested to know more about the monthly installment to be paid, there is an online loan calculator which can be used.

With all these benefits, it is not surprising that Capital One UK car loans are considered to be among the best available in the market today.

No credit check car lots explained

If you had taken a loan earlier and had defaulted on the payments, had late payments or still have arrears on the loan you will definitely have difficulties in getting a loan approved for purchasing a car.

car lots uk picLenders would prefer to advance money to those who have had a clean repayment history in the past though it is not possible for everyone to have a perfect credit history.

There are plenty of circumstances in life when individuals miss their payments even though they have good intentions. There might be an emergency or any other reason but the fact is that getting UK car loans with a bad credit history is not very easy.car loans pic

The good news however is that you can still manage to get a car loan even if you do not have a good credit rating.

There are plenty of online scams right now so it might be a little difficult to find the legitimate loan lenders but if you do your research well chances are you will find one which serves your requirements.

What are no credit check car lots?

If you have had foreclosures, bankruptcies or repossessions in the past and if you have already tried getting loans for your car, chances are that you already know how difficult this task is.

However, it is still possible to get loans with no credit check car lots. There are a number of no credit check car lots which are willing to provide loans to borrowers even though they have a bad credit score.

These loans work since the lenders do not perform a credit check at all so it possible for anyone to avail a loan of this type. However, what you need to keep in mind is that you will have to offer a down payment if you are interested in availing a no credit check car lots loan.

There are a few lenders online who do provide this opportunity to lenders. These are reputable companies which offer to help you get the finance needed in order to get a car.

However, what you must know is that you will be paying a higher rate of interest on no credit check car lots in comparison to the regular type of loans since the risk of the lender is also higher.

Also, you will have to provide collateral for the loan. The collateral would be car you are purchasing or any other type of property like your home.

In case you default on your payments the lender can always repossess your car and sell it in order to recover their loan amount.

There are several no credit check car lots which provide you an opportunity to apply online for the loans.

Usually, the process for the loan approval is very simple and there is minimum paperwork involved which makes the entire process very fast.

No credit check car consolidation loans an intro

If you have been facing problems about your increasing debts and the multiple loans which you struggle to keep track of, then the best way to deal with it is to get a solution which can help you to solve these problems effectively.

uk car consolidation loansThese loans provide you with a way to get rid of all your debts at once and help you save a lot of money in the process too.
What are no credit check car consolidation loans?

No credit check car consolidation loans might seem to be a very complicated type of loan when really it isn’t. To explain it simply, it is a loan which allows you to consolidate or covert all your car loans into a single loan.

uk car loan picMost families today have more than one car and there are loans on every car. What a no credit car check consolidation loans can do is to convert all of these loans into a single loan, whether or not you are regular on your payments. This will result into a lower monthly repayment overall.

In several cases a person might get unemployed for a temporary basis might have a problem keeping up with their payments. Defaulting on loans might be bad enough but if these keep climbing up you also might have a difficulty in getting any further loans because of the bad credit history.

A major benefit of no credit check car consolidation loans is that there is no credit check done on the borrower which means that even though you have missed payments in the past you will still be able to get this type of loan.

In most cases you will have to place a collateral against the joint loan amount.

The lender has a higher risk with this type of loan since there is no credit check done so it is only understandable that collateral would be needed for security.

However, once you do this you will be able to handle your finances better by only making a single payment towards all your loans.

Also, in most no credit check car consolidation loans, the loan term would be higher in order to adjust the large loan amount.

When you compare, you will notice that the instalment that you will pay with a consolidation loan will always be lower than the instalments you had been paying earlier.

This type of loan is open to those who have a good credit rating and also for those with a less than perfect credit car score. You can still enjoy all the benefits of this loan even if you have defaulted on the payments earlier or have had arrears on your loans.

Another important benefit of a consolidation loan is that it provides you an opportunity to improve your overall credit score which will make it easier for you to get loans in the future.

There are several lenders who have their websites which provide an option of making an online application. You can do some research and then select a lender which provides you the best possible deal.

The cheapest car loans in the UK

Getting UK car loans is not a very difficult thing to do today especially since there are many options available.

cheapest uk car loans picOther than banks and local credit bureaus there are several financers and lenders that even provide their services online with the minimum amount of paperwork and the shortest possible processing time.

All of these facilities make getting car loans easier than it ever had been.

uk car loanHowever, when borrowers approach a lender for getting a car loan, their only concern is getting a loan with a low rate of interest.

Any loan, whether it is a personal loan or a car loan, should not be a burden on your financial sources especially if they are limited.

You do not want the loan instalments to feel like a burden at all. The cheapest car loans UK are mainly designed with this concern in mind.

Cheapest car loans UK are meant to provide borrowers with a low rate of interest which makes it affordable for almost anyone to purchase a car today.

Getting the cheapest car loans UK

In order to get really inexpensive cheap car loans you must have a security to offer to the lender. While this is not necessary, it definitely helps. Collateral could be the car that you are purchasing or a property like your home.

When the borrower provides the lender with collateral, the lender does not have to worry about safe return of the loan. In case the borrower defaults on the payments the lender can repossess the car or the collateral and sell it in order to recover their loan amount.

Lenders end up saving some valuable resources when collateral is provided and so they offer reduced rates of interest to borrowers in order to attract more customers. In proportion to the value of the collateral offered by you, the smaller amount you borrow the lower your rate of interest would be.

Another easy way to get the cheapest car loans UK is to have a good and solid credit history. Lenders will always feel secured to lend money to borrowers who have a clean repayment history in the past.

In order to win such customers they are more than ready to offer them loans at a lower rate of interest which makes a win-win situation for the borrower as well as the lender.

However, because of the fierce competition in the market today among the lenders, even those who have a bad credit history can get cheap car loans.

Even those who have defaulted on their payments, have arrears or late payments in the past can manage to get car loans. The interest rate on these loans would be slightly higher but it is a great way to get a loan.

You must have solid bank statements and a proof of the income that you make in order to get cheap car loans in case you have a bad credit history.

If you manage to provide these documents chances are that you will still manage to cheap car loans.

Compare the different options available to you and select a lender which provides you the best possible deal.

No credit check autotrader explained

If you are thinking about purchasing a vehicle but have had a history of foreclosures, bankruptcy, arrears on loans or late payments, then it might be little difficult for you to get approved for UK car loans.

no credit check auto trader girlMost lenders will be willing to provide loans to borrowers who have had a clean repayment history in the past.

However, no credit check autotrader might the right way for you to get a loan without having to go through a credit check.

In such a loan, even if your credit history is not up to the mark you can still get a loan. car loan girlThe only important thing to know is that you must still have a regular source of income in order to be eligible for the loan.

Those who do not have a regular source of income will need to provide collateral in order to get a loan. The biggest advantage of getting a no credit check autotrader loan is that they even offer better rates in some cases in comparison to the other types of loans.

Given below are some important things to keep in mind while you apply for this type of loan.

Additional collateral

Since as a borrower you do not have a good credit history, the only way that you can guarantee the lender about your timely repayment is to provide collateral.

Always ensure that you provide the right information to the lenders about your income and about the other details about your past credit history. In some cases you will need additional collateral other than your car for availing such a loan.

You might have you put forward your property like your home or any other asset.

Lenders will ask for additional collateral because in case the value of your car depreciates over time it would be necessary to have an additional property for safety.

Accurate information

One of the most important things that you must understand if you want to apply for a no credit check autotrader loan is that your character plays an important part in getting an approval for your loan. When you produce collaterals you might have to provide proofs about your ownership of the asset to the lender.

You will need to show that there is no dispute about the ownership of the asset. You will also need to provide them proofs about your regular monthly income.

If you can provide a proof for regular employment history and income chances are that you can get better rates.

It is important that you search for all the options by doing some research online before you choose to apply for a specific loan.

The best way to go about it is to ask for quotes from lenders and then compare them. You will have a better idea about the interest rates, the instalments and repayment schedule once you do the research.