Looking to buy your next car?

Borrow between £1,000 - £15,000 over 12 to 60 months

  • Money in your bank the next working day once approved
  • Apply in less than 10 minutes and sign online
  • Get your personalised quote with no impact on your credit score

Get a quote and apply

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Provided finance to millions of UK customers over 21 years
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Easy to manage fixed monthly payments
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You can make extra payments with no fees
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The car is owned by you

This calculator will give you an idea of what most people will pay. To see the rate you could be offered, get a personal quote. The maximum APR you could be offered is 29%. Representative Example:- Loan amount: £10,000; Term: 48 months; Monthly repayments: £223.32; Total amount repayable: £10,719.36; Cost of credit: £719.36; Interest rate (fixed): 3.4%; Representative 3.5% APR.

Why choose a personal loan?

If you want to buy a new car but don’t have the cash in the bank, there are plenty of different ways to borrow. You could go for a finance package offered by a car dealership or showroom, or you could lease the car.

Taking out a low-cost personal loan to finance your car means you are a cash buyer and you can drive a harder bargain. You also don’t have to stick to buying from a car dealership or showroom, which if you’re buying a used car is great as you can keep your options open.

The interest rate on a personal loan could also be a lot cheaper than if you borrowed the money another way. You’ll just make one simple payment each month and you can spread your repayments over a time period that suits you.

Most importantly, the car is yours to keep.

Get your personalised quote

(21,556 customers approved last month)

Important Information

  • UK residents over 18 years old (excluding Isle of Man and Channel Islands)
  • with an income of at least £10,000 a year
  • with a good credit history, no previous County Court Judgments, Debt Relief Orders, Individual Voluntary Arrangements, defaults or bankruptcies
  • with a UK bank account in your name which accepts Direct Debits

If all of these apply this doesn't guarantee that your application will be accepted. We will need to do some additional credit and affordability checks.

In plain English

We like to keep things simple. We try to use plain English and avoid using jargon, so our products and services are easy to understand. We’ve answered a few questions below, for more questions and answers see the full list.

What is a personal quote?

A personal quote is where we show you what APR (Annual Percentage Rate) you would be offered and exactly how much your monthly payments would be if your application is accepted.

Most lenders show you the representative APR - the rate most customers are offered but not necessarily the one you will get.

To give you a quote, we carry out a credit search. Don’t worry, other lenders are not able to see this on your credit file. This means that getting a quote from us won’t affect your ability to get credit in the future.

Can I pay my loan back early

You can make overpayments or additional payments at any time with no fees or charges.

When you overpay, your monthly payment amount stays the same but your overall amount will reduce. So, depending on the amount you overpay you will either have fewer monthly payments or a reduced final payment amount.  

For example, if you only make a small overpayment - your final payment will be less than your usual monthly Direct Debit payments. For larger overpayments - your final payment will happen sooner (reducing the length of your loan).

If you would like to pay back the full amount you owe, call us on 0371 781 3058* or write to us - Ikano Bank, PO Box 10081, Nottingham, NG2 9LX

We'll let you know:

  • how much you need to pay ('settlement balance')
  • when you need to pay us by (the ‘settlement date’)
  • how much interest you will save by paying back early

Your settlement figure will include up to 58 days interest, in line with the Consumer Credit (Early Settlement) Regulations 2004.

*Calls to this number cost the same as a call to a standard '01' or '02' landline number, even when calling from a mobile. Calls to this number are also included in any bundled minutes or free talk time that covers landline calls. Where calls are made outside of a bundle you will be charged at the national rate. Calls may be recorded for training purposes.

What happens if I miss a payment?

Each month your loan payments will be taken by Direct Debit. When you apply, you can choose the date this payment will be taken each month.

If these repayments are not made on time you will be charged a fee.

Late payment fee - £25
Unpaid direct debit fee - £12
Returned cheque or debit card payment - £12

Missing payments or paying less than the minimum amount could make it more difficult to arrange credit in the future. If you miss a number of payments a 'default' would be recorded on your credit file at Credit Reference Agencies and you may also face legal proceedings. 

If you have a loan with us and are concerned about making payments, please contact us as soon as possible. We have a team of trained advisors who can help and support you - call us on 0344 856 5743

When do I get my money?

If your application is accepted online we do some checks overnight to keep you safe from fraud and identity theft.

If everything is ok, we'll email you the next day to confirm that your application has been approved. You would then receive your money the next working day.

Loans made simple

There are two types of loans: secured loans and unsecured loans (these are sometimes called personal loans).

A secured loan is money lent to you that's 'secured' against something you own. This is usually your home but it could also be a car or something else of value.

personal loan is money that's lent to you that isn't secured against anything.

Loans explained simply: you borrow a set amount of money and repay it over a set period of time, usually from one to five years. You'll be charged interest by the company lending you the money but this will be added to the amount you repay each month.

If you’d like to know more about personal loans from APR’s to Peer-to-peer lenders then we’ve created a guide to help. This guide will give you an overview of options available but should not to be used to make informed decisions as personal circumstances can affect the options available to you.


Download the guide

Our UK contact centre

If you have any questions about personal loans you can call us on 0344 856 5743

We are open

Monday-Saturday 9.00am - 8.00pm
Sunday 10.00am - 6.00pm




Calls to this number cost the same as a call to a standard "01" or "02" landline number, even when calling from a mobile. Calls to this number are also included in any bundled minutes or free talk time that covers landline calls. Where calls are made outside of a bundle you will be charged at the national rate. Calls may be recorded for training and monitoring purposes.