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FAQs
What are motor loans?
Motor loans are those loans which are used for buying motorcars or motorbikes. Motor loans can be secured as well as unsecured loans.

Are these loans personal loans?
Yes, these loans are personal loans.

Who can apply for a motor loan?
Motor loans are available for all residents of the UK, whether tenants or homeowners, students or self-employed professionals.

What are the different types of motor loans at Motor Loans UK?
Motor Loans UK offers used motor loans UK, cheap motor loans, bad credit motor loans UK, online motor loans UK, etc.

Is payment protection recommended?
Motor Loans UK recommends payment protection, as it is helpful in case the borrower is not able to make repayments on account of changes in personal circumstances. The borrower is safe since the loan will be paid.

What does APR stand for?
APR or Annual Percentage Rate includes rate of interest and the other charges payable on unsecured or secured loans for the purpose of better comparison.

Can I apply if I have a bad credit history or a CCJ?
Yes, you can apply.

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT A fee between 0% and 10% of the loan may be charged on some plans depending on credit history and ability to prove income. Example: Loan of £15,000: 120 monthly repayments of £204.66, 10.4%APR variable. Loans secured on residential property.
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