A first direct personal loan for buying or maintaining a car, with fixed monthly repayments over up to eight years.
With a fixed rate and fixed monthly repayments, you know exactly what you will pay each month and when the loan will be cleared.
Compare the representative APR, the total amount repayable and any fees before you decide.
Benefits of the first direct Car Loan
- Own the car outright: Unlike PCP, the car is yours with no balloon payment.
- Fixed monthly repayments: Your interest rate and repayments stay the same for the whole term.
- Money right away: If approved, funds are paid into your account immediately.
- Check before you apply: An eligibility check uses a soft search, so it does not affect your credit score.
- Overpay or settle early: You can make overpayments or repay early; a statutory early-settlement charge of up to 58 days' interest may apply.
| Feature | Detail |
|---|---|
| Loan amount | £1,000 to £50,000 |
| Term | 1–8 years |
| Representative APR | 5.9% representative on £10,000–£30,000 (maximum 18.9%) |
| Eligibility | first direct current account holders |
| How to apply | Online via the official website |
Key features
Own the car outright: Unlike PCP, the car is yours with no balloon payment.
Fixed monthly repayments: Your interest rate and repayments stay the same for the whole term.
Money right away: If approved, funds are paid into your account immediately.
About first direct (a division of HSBC UK Bank plc)
first direct (a division of HSBC UK Bank plc) is an established UK provider of personal finance products, authorised and regulated in the UK. Applying is straightforward and mostly online.
We compare independently and then send you to the provider’s official website to apply. We are not a lender or credit broker.
All rates depend on your circumstances and are subject to status. Representative examples and final terms are set by first direct (a division of HSBC UK Bank plc).