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Admiral offer loans up to £25000. You can choose to borrow up to 5 years.
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 between £1,000 and £30,000. 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 £15,000, 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.
Last Updated: February 2023