Car loans
Whether it’s your first car, an upgrade to a larger vehicle, or the car you’ve been dreaming of - a car is often one of the most expensive things you’ll ever own, so it’s understandable that it sometimes costs more than you have to hand. A personal car loan could help you get the gears in motion for a new car purchase or repair by spreading the cost with monthly repayments.
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Representative example
Borrowing £10,000 over 48 months at Representative 24.9% APR and interest rate 24.9% p.a (fixed) with monthly repayments of £317.64 and a total amount payable of £15,246.76. This example is for illustration purposes only. The rate and term you are offered is dependent on your individual circumstance. Rates from 19.9% APR to maximum 34.9% APR. Loan terms for 12 – 60 months.
When consolidating your existing borrowing, you may extend the term of your debt and increase the total amount you repay.
How do car loans work?
Applying for a car loan should be quick and simple so that you can get out and about on the road as soon as possible. Here at Oakbrook Loans, we value your time - that’s why we have a straightforward online application process. Use our loans calculator to enter your ideal loan repayment period and total amount to find out if the monthly repayments are affordable for your lifestyle.
Applying for a personalised quote is just as simple. Enter your details and we’ll check your eligibility for an unsecured personal loan and give you your guaranteed APR, total amount payable, and monthly repayment amount. This uses your credit history, Open Banking data, where applicable, and personal circumstances as a guide to determine whether you can afford the monthly payments you are offered. Don’t worry, asking for a quote won’t affect your credit score.
How do I apply?
When applying for one of our unsecured personal loans there are three simple steps to follow:
1. Tell us a bit about you
2. Get an instant response
3. Single monthly repayment date
Ready for your personalised quote?
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Why apply for a car loan?
You should never have to worry about getting from A to B, and taking out a loan with Oakbrook Loans means you can own your car from the very beginning or whenever you need it. With our fixed monthly repayments, you’ll know exactly where you stand so you won’t be surprised each month. Your online account gives you the ability to manage your money anytime, whenever you want. Other advantages include:
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It’s as easy as online banking.
Manage your account online where you can contact us, manage your payments and if eligible, apply to top up your loan.
- Instant eligibility decision.
- We will try to pay your money into your bank account as soon as possible. However, during busy periods this could take up to 5 working days.
- You only need to remember one single monthly payment.
- No fees whatsoever.
FAQs - People Also Ask
Yes. A personal loan gives you a lump sum you can use to buy a car outright from a dealer or a private seller.
You can apply directly with Oakbrook Loans online. If approved, the money goes into your bank account and you can buy the car you want. Approval depends on your credit history and personal circumstances.
Apply online with Oakbrook Loans in a few minutes. We'll carry out a soft credit check first this won't affect your credit score. If you go ahead and are approved, funds are sent straight to your bank account.
With Oakbrook Loans you can borrow between £1,000 and £15,000. The amount we can offer depends on your circumstances and what's affordable for you.
It depends on the lender. Some lenders consider more than just your credit score when reviewing an application. Checking your eligibility first is a good idea it usually involves a soft credit search with no impact on your credit score.
You can get a decision shortly after applying. If approved, funds are usually in your bank account the same day or the next working day.
Yes, you can pay off your loan in full at any time. An early settlement charge of up to 2 months' interest may apply.