What are the main benefits of getting a car loan?
A car loan enables you to own your car outright but still spread the cost over an extended period.
With a Shawbrook loan, you could borrow between £1,000 - £50,000. You can take the loan over one to seven years, depending on the amount you wish to borrow.
With a Shawbrook car loan:
- The amount and length of the loan are flexible
- The application process is straightforward
- You'll have the money transferred to your account within three working days, if approved for the loan
- You can know exactly how much you have to pay month-to-month with fixed repayments
- No deposit is required with a personal loan, unlike some car finance options such as
personal contract purchase (PCP) and hire purchase (HP) agreements