The AA re-enters loans market

AA Financial Services today re-enters the loans market offering UK consumers unsecured personal loans.

16 November 2015

The AA is offering two loans; personal loans will be available with a rate of 4.4% APR Representative*, and car loans at 4.6% on sums between £7,500 and £15,000. The car loan will also come with a free AA Vehicle Inspection worth £142.

Loans for sums between £1,000 and £25,000 are available at different interest rates and can be repaid between one and five years, or up to seven years if more than £15,000 is borrowed.

These are the first loans available from the AA/Bank of Ireland UK partnership.

“When people are buying a car we want to give them confidence they are making the right choice, that's why a free AA Vehicle Inspection makes sense in this context.”

-Michael Johnson, Director, AA Financial Services

Michael Johnson, Director of AA Financial Services said: "AA Financial Services was once the leading non-bank provider of car loans** – a position we're eager to return to with a combination of competitive interest rates and valuable benefits that motorists say they would find attractive. We want to be the natural choice for those looking to finance the purchase of a car."

“When people are buying a car we want to give them confidence they are making the right choice, that's why a free AA Vehicle Inspection makes sense in this context.”

“Our partnership with Bank of Ireland UK has already seen the launch of competitive credit cards and an ISA. Now we have added loans to the portfolio, helping set the AA on course to once again become a leading contender in the financial services market.”

Find out more about AA Personal Loans and AA Car Loans

More about AA Financial Services

 (16 November 2015)


* AA Personal Loans representative example: £7,500 over 60 months at a fixed interest rate of 4.4% per annum would result in a representative APR of 4.4% APR with monthly repayments of £139.18 and a total amount payable of £8,358.40.

AA Car Loans representative example: £7,500 over 60 months at a fixed interest rate of 4.6% per annum would result in a representative APR of 4.6% APR with monthly repayments of £139.84 and a total amount payable of £8,390.40.

AA Loans are provided Bank of Ireland UK. Full terms and conditions here: http://www.theaa.com/loans

**Source: Datamonitor