Loans and finance to repair a car

How do I get loans to repair a car?

In the UK, if you need a loan to repair your car, there are several options you can explore.

1. Personal Loans. Unsecured loans that can be used for any purpose, including car repairs. Fixed or variable interest rates, flexible loan amounts, and repayment terms.
2. Credit Cards. Credit cards can be used to pay for car repairs, especially if the repair shop accepts card payments. Some cards offer rewards or cash back. Consider cards with 0% interest on purchases for an introductory period.
3. Personal Overdraft. A credit facility linked to your bank account, allowing you to withdraw more money than you have. Interest is usually charged on the overdrawn amount. Often used for short-term needs.
4. Car Repair Loans. Specific personal loans designed for car repairs. Tailored for vehicle maintenance and may offer competitive rates.
5. Car Repair Financing. Some repair shops offer financing options or payment plans. Allows you to pay for repairs in installments directly through the repair shop.

As an alternative, you can also take out a personal loan. Your possible expenses:

Personal loan calculations for 1 year (example)

Can I get a loan to repair a car with bad credit in the UK?

Yes, you can get a loan to repair a car with bad credit in the UK, though it may come with higher interest rates and less favorable terms. Here are some options and tips to consider:

1. Personal Loans can be used for various purposes, including car repairs. Lenders may offer loans to individuals with bad credit, but the terms might be less favorable.
2. Bad Credit Loans designed specifically for individuals with poor credit histories. They often come with higher interest rates but can be a viable option for repairing your car.
3. Credit Cards can be an option, especially if you have a card with a low credit limit or a card designed for people with bad credit.
4. Secured Loans require collateral, such as your home or another asset, to secure the loan. These may be easier to obtain with bad credit because the lender has security against the loan.
5. Car Repair Financing offer in-house financing or have partnerships with finance companies that provide loans for car repairs.
6. Credit Unions often offer loans to members with bad credit at lower interest rates compared to traditional lenders.

You can see the similar FAQ at the link: 

• Bank of Ireland lending criteria
• HSBC bank transfer time within the UK
• HSBC graduate loans
• HSBC in America
• HSBC loan early repayment: how to manage

Details of companies offering the financial services:

118118MONEY

Head office’s address: London

Contact center: 02920-548-118

Web-site: https://www.118118money.com/

Creditspring

Head office’s address: 75 Davies St, London W1K 5JN

Web-site: https://www.creditspring.co.uk/

Fast Loan UK

Head office’s address: Shire Park, 2 Falcon Gate, Welwyn Garden City AL7 1TW

Web-site: https://www.fastloanuk.co.uk/

Fund Ourselves

Head office’s address: unit 1d, 36 Woodstock Grv, London W12 8LE

Contact center: 0800-368-9553

Web-site: https://fundourselves.com/

Halifax

Head office’s address: The Mound, Edinburgh EH1 1YZ

Contact center: 0345-720-3040

Phone: +44 (011) 3242 19 84

Web-site: http://www.halifax.co.uk/

Stock code: HALP

Lloyds Bank

Head office’s address: 25 Gresham Street, London EC2V 7HN

Contact center: 0345-300-0000

Web-site: https://www.lloydsbank.com/

Swift code: LBGTGB22

Reference number: 119278

Stock code: LLOY

ABN: 00002065

BSB: LBGT

Nationwide

Head office’s address: Nationwide House Pipers Way

Contact center: 0800-30-20-15

Phone: +44 (034) 5730 20 15

Web-site: http://www.nationwide.co.uk

Swift code: NBSMGB22

Reference number: 106078

Stock code: NBS

ABN: 355B

BSB: NBSM

NatWest Bank

Head office’s address: 250 Bishopsgate, London, EC2M 4AA

Contact center: 0800-88-11-77

Phone: +44 345 788 8444

Web-site: https://www.natwest.com/

Swift code: NWBKGB2

Reference number: 121878

Stock code: GBP1

ABN: 00929027

BSB: NWBK

Santander

Head office’s address: 2 Triton Square, Regent's Place, London, NW1 3AN

Contact center: 0800-389-7000

Web-site: http://www.santander.co.uk/

Swift code: ABBYGB3E

Reference number: 106054

ABN: 02294747

BSB: ABBY

Sunny

Head office’s address: London

Web-site: https://sunny.co.uk/

Tesco Bank

Head office’s address: 2 S Gyle Cres, Edinburgh EH12 9FQ

Contact center: 0800-591-688

Phone: +44 131 203 5000

Web-site: http://www.tescobank.com

Swift code: TPFGGB2L

Reference number: 186022

Stock code: TSCO

ABN: SC173199

BSB: TPFG