Top Reasons to Choose Loan Store

Irrespective of your purpose we provide loans that are affordable.

  • No hidden charges
  • Quick Cash deposit
  • Borrow up to £35,000*
  • 100% online application
  • Open 365 days a year
  • 99.5%Customer Satisfaction
  • Apply on bank holidays
  • 50,000+ Satisfied Users
  • Panel of industries experts

DRIVE YOUR DREAM CAR TO THE HOME WITH OUR LOW-INTEREST CAR LOANS

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.

  • Affordable Car loans
  • Simple and Transparent Process
  • 24*7 Customer Service
Process of getting loans

WHAT IS THE PROCESS FOR PERSONAL CAR LOANS?

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.

  • Application The process starts with filling the application form online. You need to fill in the personal details and upload the required documents. There is no need to visit the office to stand in the long queues.
  • Verification and Approval Our representative will start working on the application in no time. They will verify the details and assess your financial status. The approval for car finance loans takes only a few hours instead of weeks in the case of the banks and credit unions.
  • Fund Disbursement The fund disbursement can take up to 24 hours. You need to submit the account details for the transfer. The same account will be used for repayment if you want to automate the instalments.

CAN I GET BAD CREDIT CAR LOANS IN THE UK?

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.

  • Car Loans for Bad Credit Available
  • Soft Enquiry on the Credit History
  • Personalised Solution Based on Credit Profile

WHEN SHOULD I TAKE CAR LOANS?

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.

Business Growth

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.


WHAT ARE THE OPTIONS TO GETTING CAR TITLE LOANS NEAR ME?

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.

  • Banks The traditional places to get cheap car loansare still the first choice of borrowers. They may offer lower interest rates, but the eligibility criteria are strict. Also, the process is lengthy with the paperwork and approval from higher authorities within the organisation.
  • Direct Lenders Direct lenders are the perfect alternatives of the banks if you don’t have a perfect profile. Personal car loansare offered to the people who can afford them based on their current financial condition. There is no brokers or middlemen involved to increase the overall cost of the loan.
  • Credit Unions The good old credit unions are still quite helpful only if you are a member of one. The services, branches, and ATMs are very limited. And don’t expect them to provide a personalised experience to the borrowers.
car loan finance

DO I NEED A JOB TO GET A CAR LOAN?

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 –

  • Students with Parttime Jobs
  • Side Hustle
  • Freelancers
  • Business Owners
  • People on Benefits and Pensions

HOW TO GET A BETTER DEAL ON CAR LOANS FOR BAD CREDIT?

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.

  • Increase Down Payment You can increase the down payment to get a better deal on low-interest car loans. It will reduce the required loan amount that makes the repayment easy. Also, you will enjoy more equity over the vehicle for some future benefits.
  • Increase the Affordability You can increase the affordability of the loan by working on your financial condition. A secondary source of income is a good start to get some additional support. This can include a parttime job or a side hustle such as selling stuff online. Your list of debts also hurt your chances of approval for a better deal. You can repay the small loans to make room for the instalments of car repair loans. This will improve your credit history as well.
  • Compare You can compare the car loans in the UKonline before selecting a lender. However, the interest rate is not the only factor that makes repayment easy for bad credit car loans. The flexibility offered during the tenure is equally essential if you face financial distress. You can use the cheap car loanscalculator on our website to calculate the overall cost, instalments, and interest paid overtime. This will help you find the affordability of the loan. We recommend you focus on the instalments more than the overall cost to make the repayment manageable.

WHY SHOULD I CHOOSE LOANSTORE FOR CAR LOAN?

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 –

  • Unparalleled Customer Support Our representative will guide you throughout the loan tenure. You can rely on their expertise to clear your doubts and queries in no time. Moreover, they are always available to help since we offer 24*7 car loans.
  • Flexible Repayment Terms Borrowers can decide on the loan tenure and the date of repayment. This helps them keep the repayment in control and instalments in sync with their paycheque. You can request for term extension without the need foran additional loan.
  • Online Debt Management Our online services include debt management, as well. You can pay the instalments online while tracking thecar loans repayment. It will provide a better insight into your financial condition to create a better long-term strategy. You don’t have to wait for the clock to strike 10 if you want to apply for a loan. Visit the online application page and get approval within the next few hours.

FAQS

Can I get car finance with bad credit?

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.

How do you qualify for car finance?

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:

  • Minimum age to apply is 18 years
  • You must provide residential proof
  • Having a bank account is a must
  • Providing mobile number
  • Employment proof is mandatory

What is the best way to finance a car with bad credit?

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:

  • Instant loan approval
  • No credit check process
  • Easy repayments to follow

Can you get guaranteed car finance?

There is always a possibility here of getting guaranteed car finance. But it largely depends upon two things:

  • How much you need to borrow?
  • What is the policy of the lender?

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.

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