Irrespective of your purpose we provide loans that are affordable.
Car is no longer a luxury only the noble families can afford to drive. Owning a car has somewhat become essential to the daily life of people. Nevertheless, only a few can afford it without car loans because of the heavy price.
At Focus-Loans, we provide low-interest car loansin the UK with a diverse profile of customers. There is no stringent policy that leaves the borrowers confused and disappointed. We try to serve as many people as possible who can afford to manage the instalments without burying under the debt.
The car loans process is kept simple and straightforward. There is no dealership involved that may charge its fees as middlemen. Moreover, you can apply any time, any day you want, even on the bank holidays.
As mentioned above, the personal car loans application process is kept simple and straightforward for the borrowers. There is no physical paperwork required to get the approval. The whole process is online to increase efficiency and transparency.
One primary reason the bank rejects the car loans application is flawed credit history. On the contrary, we provide loans to the borrowers based on their present financial condition. Your past financial mistakes will not harm your application.
However, we may reject the application if the ratings are extremely poor. We don’t want our customers to get trapped in a cycle of debt. Also, you should avoid bad credit car loans if the current list of liabilities is already long.
We conduct a soft enquiry on credit history to assess the financial health of the applicant. Unlike the hard enquiry, it doesn’t leave any trail behind to further cause damage to the credit history. In the end, we will offer a personalised offer based on your credit profile to ease the stress of repayment.
Cheap car loans are often associated with a happy occasion when people drive home a fancy car to their garage. However, this is not the case as sometimes, you are forced to buy a new vehicle. Here are some situations where car loans should remain your first option –
Complete the Long-Term Goal
You have started your career with the goals to live in a dream house and drive to work in a luxurious car. If there are enough savings for the down payment, it is time to buy the car you always wanted with secured loans against the car. However, make sure you have a solid repayment plan apart from a down payment to avoid needless stress on the budget.
Replace the Old, Broken Car
Your vehicle might have given up on you with the final nail in the coffin. You are spending more money on its repair or instalments for a car repair loan. Therefore, apply for car loans instead of dwelling on the sentiments attached to the old car.
Some businesses are dependent on their fleet of vehicles for many purposes. These include product delivery, door-to-door services, and selling stuff through a mobile store. You can apply for online car loans to invest in you and upscale the business.
Business loans come with a complex process to get approval. It is easier to get no credit check car loans since there is no need to submit unnecessary documents.
You don’t need to look far if you live in the UK to get car title loans. There are numerous banks, direct lenders, and credit union providing the service to potential borrowers. However, there are some differences in the eligibility, policies, and application process.
No, you don’t need a regular 9-5 job to get approval for online car loans. It doesn’t mean that the approval doesn’t require a source of income. Any other source of income will work as long as the income is enough to manage the loan repayment along with the other expenses.
It includes income from a parttime job that makes student car loans a possibility. Your earnings from any side hustle will also qualify as an eligible income source. Moreover, people living on pensions and benefits from government schemes can apply as well.
Businesses can submit account statements as proof of income and cash inflow. Therefore, income and affordability are the only concern for us, not its source.
Following profiles are eligible to get bad credit car loans –
We try our best to provide the most affordable solution to our customers. However, some efforts on your part can help us make the deal more towards your benefit. Here are some suggestions for you to get the best car loans in the UK.
We have already mentioned plenty of reasons above to answer this question. Still, some points need special mention to help you make a decision. Here are some more reasons to choose LoanStore for car loans in the UK –
A car loan is considered a big debt so most of the lenders take the credit score of the borrower into consideration. But, there are few lenders who offer car finance even with bad credit. However, there are lenders might check other financial aspects such as your income status, credit ratio, employment history and others. If you somehow manage to prove your repayment capacity, then you can get the loan without any inconvenience.
Well, every lender has their lending policies and procedures in order to qualify. Some lenders have strict lending criteria while others have not so hard lending criteria. Now, if you are applying at Loan Store, then these are the major eligibility that you must qualify to get the approval:
Bad credit may be an issue of concern while purchasing a new car but it does not mean that you should drop down your idea of purchasing it. If you do an online research, then you will come to know that direct lenders in UK like Loan Store offering car loans for bad credit people. You can apply for these loans online and get the necessary benefits such as:
There is always a possibility here of getting guaranteed car finance. But it largely depends upon two things:
These two things will decide your guaranteed approval. It would be suggested here is to find out a trustworthy online direct lender because it has the flexible lending terms especially providing car loans to the borrowers.