If you are looking for a cash loan, but are not a homeowner, you can get loans secured on your car instead. As long as you own your own car, many lenders will be happy to use it as security on a loan deal.
For loans secured on your car, lenders will generally ask that:
- The car is less than 8 years old
- The car is clear of any finance
- The car is properly insured and taxed with an MOT certificate
To check out all the latest UK secured loan quotes, use our free car loan calculator which compares interest rates, monthly repayments and fees to find the best loan for your circumstances.