NOTICE
You are being transferred to Angel Loans (Silverline Autos Limited). LoanOnYourCar (J2P Autos Limited) does not receive any commission or fee from Angel Loans for referrals or transactions.
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Credit checks during application
As part of our obligations as ethical lenders we will always carry out a credit reference search when you apply for a loan and a credit score will be calculated based on the information you enter and your credit reference information. This will help us make a decision on whether or not we're able to lend to you. We'll then let you know the decision and what the status of your application is. The credit-reference agency we use is Equifax.
Credit scoring is a system used by us and most major banks and finance companies to make decisions on customer applications for borrowing, eg loans, overdrafts, credit cards and mortgages.
This involves calculating a rating, or credit score, from the information you give in your application, including your age, job and existing financial commitments. Checks are also made with credit reference agencies to see if they hold any additional information about you that may influence our decision.
Credit checks are a valuable tool for us to determine that a loan will be affordable for you and can be important in protecting you from fraud.
Representative Example:
If you borrow £1,000 over 36 months at a flat rate of 84% per annum (fixed) with a Representative 207.3% APR, you will make 36 monthly repayments of £97.78. The total amount repayable will be £3,585.08, including a £40.00 document fee and a £25.00 Option to Purchase fee. The total charge for credit is £2,585.08. Logbook loan repayment terms are available from 18 to 60 months. The maximum APR is 389.1%.
During the term of the loan, legal ownership of the vehicle passes to J2P Autos Limited, while the borrower remains the registered keeper.
You have 15 days to withdraw from signing a new agreement, with interest payable for the days the loan is outstanding. Complaints can be sent to customerservice@loanonyourcar.co.uk.
⚠️YOUR LOAN IS SECURED AGAINST YOUR VEHICLE. MISSING PAYMENTS COULD PUT YOUR CAR AT RISK OF REPOSSESSION. A DEFAULT MAY ALSO NEGATIVELY AFFECT YOUR CREDIT RATING.
