Advantages of a loan for purchasing an automobile

Advantages of a loan for purchasing an automobile

Buying a motor vehicle may be a big dedication. That’s why it is well well worth taking the time for you to find a model because of the room, convenience and gratification you’ll need. It’s simply as essential to find the right finance, and that loan is just one choice accessible to you.

Personal bank loan features and advantages

  • You can get an interest rate of 3.9% APR agent if a loan is taken by you of between ?7,500 – ?25,000 over someone to 5 years.
  • You are able to manage your loan via online Banking, within our Cellphone App, in branch or higher the device.
  • Other loan quantities between ?1,000 – ?50,000 over someone to seven years can be obtained at different prices.
  • You are able to elect to make extra repayments, without penalty.
  • You are able to make an application for as much as two re re payment breaks of 1 thirty days in a rolling 12-month period, in the event that you meet our conditions and terms.

The easy method to purchase an automobile

A Bank of Scotland personal bank loan for purchasing automobile gives you the freedom to choose the best finance terms for you personally.

There’s no necessity to pay for a deposit, a loan can be chosen by you period that best suits you and you will get a choice on your own application in mins in the event that you apply online. You’ll also have the vehicle through the outset, and that means you have actually the selection to customise or offer your vehicle if you prefer.

Observe how much you may choose to borrow with our Loan calculator Loan calculator. Even though the calculator will provide a sign of monthly premiums and APR, you’ll find out your rate that is personalised by in to Web Banking online Banking.


  • Month you can apply for our Personal Loan if you have held a Bank of Scotland Current Account for at least one.
  • Exactly how much we provide additionally the rate available are at the mercy of our evaluation of one’s circumstances that are personal in addition to quantity and duration you want to borrow over. […]