Car Loans
-
Car Loans from £5,000 to £100,000
-
Repayment terms from 3 to 20 years
-
Rated 'excellent' by customers on feefo
-
Regulated by the Financial Conduct Authority
Need a car but are worried about finance?
Your car is more than just a way to get from A to B. It’s what gets you to work, takes the kids to school and gives you the freedom to get where you need to go. But when it’s time for an upgrade or repairs are needed, finding the funds to finance it can be tough.
At Evolution Money, we offer Secured Car Loans to help you get back on the road with minimal fuss. Not only could you potentially borrow between £5,000 and £100,000. You can also pay it over 3 to 20 years at a term that works around your budget*.
Want to get started with your application? Just hit the button below to check your eligibility and set up a call with one of our trained advisors.
*Subject to affordability and eligibility checks.
-
Search with no impact to your credit score
-
Check your eligibility in minutes
-
Find a term that suits your budget
See if you’re eligible for a Car Loan today
Submit your details with Evolution Money in minutes and find out if a Car Loan is right for you.
FAQs about Car Loans
What is a Secured Car Loan?
A Car Loan that’s secured against your home and is sometimes known as a homeowner loan or a secured loan as your property is used as security. We know that buying a vehicle can be a big purchase, so it makes sense to find finance that suits your unique set of circumstances.
Our secured car loans start at £5,000, so you can pick the right make and model for your needs. Plus, we make sure to look at your entire financial situation, not just your credit history.
To better understand your situation, we look at your income and outgoings as well as other financial and personal information. We then calculate payment terms you can afford, meaning you could benefit from an affordable loan even if you’ve been refused credit in the past.
If you want to find out more about secured car loans, our team can help. Just contact us at a time that suits you and we’ll do our best to answer your questions.
What are the advantages of Secured Car Loan?
Compared to other types of loans, Secured Car Loans have a few perks:
- Higher loan amounts
- Apply with bad credit
What are the risks of a homeowner loan?
If you make all your repayments on time and in full, the Secured Car Loan should be fine. However, you could put your home at risk of repossession if you repeatedly miss payments. Before you get to that stage, it’s essential to raise any issues with your lender.
Am I eligible for a Secured Car Loan?
To get a secured car loan, you must:
- Be a homeowner
- Be aged between 21 and 70* years old
- Be a UK resident
- Be able to pay back your repayments from your income
*Please note that your loan must be paid back by your 70th birthday.
Check your eligibility for a Secured Car Loan today
Submit your details and find out if a Homeowner Loan is right for your without affecting your credit score.
Think carefully before securing debts against your home your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured against it. If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.
