Great things about a loan for purchasing a motor vehicle

Great things about a loan for purchasing a motor vehicle

Purchasing a vehicle is a big commitment. That’s why it is well worth taking the time and energy to find a model aided by the area, convenience and gratification you will need. It’s just as essential to get the right finance, and financing is one choice open to you.

Personal bank loan features and advantages

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

The way that is simple purchase an automobile

A Bank of Scotland personal bank loan for purchasing vehicle provides you with the freedom to choose the right finance terms for you personally.

There’s no necessity to cover a deposit, it is possible to select financing period that best suits you and you will get a choice in your application in moments in the event that you apply online. You’ll also have the motor car through the outset, which means you have actually the decision to customise or offer your vehicle if you like.

Observe how much you might borrow with our Loan calculator Loan calculator. Whilst the calculator gives an indicator of monthly premiums and APR, you’ll find out your rate that is personalised by directly into online Banking online Banking.


  • You can easily submit an application for our personal bank loan when you have held a Bank of Scotland Current take into account one or more month.
  • Simply how much we provide together with price available are susceptible to our evaluation of one’s individual circumstances, as well as the amount and duration you intend to borrow over.
  • In some circumstances, we might have the ability to provide you with a repayment getaway. This might end in you having to pay more interest over an extended period and boost the cost that is overall of auto loan.
  • We will charge as much as 58 times’ interest if you opt to settle your personal bank loan early.

Other styles of motor finance continue to be well well worth considering. Hire buy Hire Purchase or an individual Contract Purchase private Contract Purchase offer certain advantages which may meet your needs.

Budgeting is essential to be sure a Personal Loan suits you, so don’t forget to think about other expenses associated with running vehicle to think about, such as for instance insurance coverage, servicing, MOT, gas and breakdown address.

We would like you to definitely find an item that’s right for the circumstances, which is the reason why we abide by the guidelines of Lending Practice, that are enforced and monitored by the Lending guidelines Board.

Representative Example

You might borrow ?10,000 over 48 months with 48 month-to-month repayments of ?225.04. The total amount repayable will likely be ?10,801.92. Representative 3.9% APR, yearly rate of interest (fixed) 3.83%.

This agent APR applies to loans of ?7,500 to ?25,000 over 1 to 5 years. Other terms and loan quantities can be obtained at different prices. The utmost APR you will be provided is 29.9% APR.

The representative APR is the price that at the very least 51% of men and women are anticipated to get whenever taking right out a loan in the stated amount and term range.

Could I use?

You can get a personalised quote for a car loan and apply online if you have held a Bank of Scotland Current Account (excluding Easycash) for at least one month. You have to additionally be over 18 years of age and get A british resident.

Competitive loans with versatile payment choices.


  • Versatile loan choices
  • Fixed or adjustable rate of interest
  • Funds from $10,000

Provide 3.49% p.a. Special rate that is variable. * Approved applications submitted by 31 2020. ^ january

  • Provide payment guarantee
  • Secure a leasing or contract contract
  • Improve income
  • Construction loan that is multiple
  • Force away price rises
  • Funds from $500,000

More business loans


  • From $2,000
  • Tailored to you personally
  • Secured and unsecured choices

Vehicle & gear finance

  • Purchased it now and pay it back
  • For vehicles and gear
  • No GST on loan repayments
  • Hire it and possess it later
  • Fixed term
  • For vehicles and gear
  • Customise your repayments
  • Rent it and provide to possess it later on
  • For vehicles and equipment
  • Rent through income sacrifice
  • For vehicles
  • Limitless personal utilization of the vehicle

Business finance

  • For importers and exporters
  • Approaches to fit your trade period
  • Regional solution and specialist knowledge
  • For business movable assets
  • Tailored financing
  • International ability
  • Tailored physical commodity funding
  • Hedging items
  • Agricultural, metals, energy and oil
  • For business and personal equity consumers
  • Customised financial obligation capital
  • Fund purchases and raise money

More business finance solutions

Danger management

Import finance choices

Affordable methods to handle income.

Manage interest dangers

Versatile tools to simply help handle effects connected with rate of interest changes.

Commodity danger administration

Manage changes in currency motions and commodity rates.

We are able to assist

Call 13 1998 for Australian based help 24/7

The questions you have answered

Prices and fees

Find your neighborhood company banker

Things you must know

*3.49% p.a. Is the adjustable interest on fully-secured CommBank BetterBusiness Loans (BBLs) for terms all the way to 3 years. 4.25% p.a. Rate of interest relates to BBLs that is partially-secured for as high as 36 months.

^Not readily available for specific companies, loan purposes, transaction and safety kinds, including superannuation that is self-Managed (SuperGear) and Land Banking; Commercial Property Investor and Developer ANZSIC codes.

These records is present as at 29 October 2019 and it is ready without taking into consideration your individual and/or company requirements and goals. CommBank has got the directly to alter or cancel this offer at any time with no warning. This system is just open to approved company clients as well as for business purposes just. Applications for finance are susceptible to the Bank’s eligibility and suitability requirements and normal credit approval procedures. For present interest levels, confer with your CommBank company developing Executive. View our Current Terms and Conditions for company Finance and CommBank company cost savings and deal records and start thinking about them before you make any choice concerning this item.

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