What is an unsecured car loan?
A personal loan is where you borrow an amount of money from a lender and then pay it back over a set period in monthly instalments.
Your repayments will include interest, so you end up paying back more than the loan amount. A typical unsecured loan is over three to five years, we offer loans from 1 to 7 years depending on the size of the loan. When using an unsecured loan to purchase a car, you own the car from day one.