Admiral

While they may be primarily known for their car insurance policies, Admiral additionally offer personal loans and car finance options to both existing and new customers.

When it comes to taking out a loan with Admiral, they offer personal loans of up to £25,000. The amount you can borrow will depend on things like affordability checks and your personal circumstances - to be eligible, you will need to have a minimum annual income of £10,000, for instance, and have lived in the UK for at least three years.

In terms of car finance, Admiral have three options to choose from: Hire Purchase loans (HP), Personal Contract Purchases (PCP), and unsecured personal loans. If you opt for HP or PCP, they'll arrange everything for you, including the payment with the car dealer, and you can then make monthly payments to Admiral. With a personal loan, you can buy the car outright with the funds, and then make instalment payments as you would with any other loan.

Why Apply Through My Financial Broker?

• Low Credit Scores Considered: If you have bad credit, you may have been turned down by other lenders. But many of the lenders we work with specialise in poor credit loans, and will consider your loan application as long as you can comfortably afford the loan repayments.

• Compare Lender Options: When you apply with My Financial Broker, it’s like you’re applying with over 100 direct lenders, but without any hard credit checks. And as we only work with lenders regulated by the FCA, you’ll also know that you’ll be applying with a responsible lender.

• Soft Credit Checks: My Financial Broker only undertake soft credit checks when you apply with us, which don’t leave a footprint on your credit file. This means that making an application with us won’t impact your credit score.