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Secured Car Loans

Secured Loans > Our Loans > Car Loan

Secured Car Loans

  • Car loans starting at £5,000
  • We could still help you with a car loan, even if you have bad credit
  • Repayment terms from 3 to 20 years
  • We’re regulated by the Financial Conduct Authority

Whether you’re looking to buy your first car or you need a newer model, our secured car loans could be a great solution. We offer a simple application process, no-obligation quotes and our loans start from £5,000.

Get in touch with us on 0161 814 9158 or email info@evolutionmoney.co.uk to enquire today. Be sure to read our Feefo reviews as well to see why we’re a Platinum Trusted Service.

How much do you want to borrow? £5,000 to £100,000
For how long? 3 to 20 years.
Loan Purpose
What is your loan for? Your answer won't affect our decision but is helpful to know.
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What is a secured car loan?

This is a car loan that’s secured against your home and is sometimes known as a homeowner loan or a secured loan as your property is used as security. We know that buying a vehicle can be a big purchase, so it makes sense to find finance that suits your unique set of circumstances.

Our secured car loans start at £5,000, so you can pick the right make and model for your needs. Plus, we make sure to look at your entire financial situation, not just your credit history.

To better understand your situation, we look at your income and outgoings as well as other financial and personal information. We then calculate payment terms you can afford, meaning you could benefit from an affordable loan even if you’ve been refused credit in the past.

If you want to find out more about secured car loans, our team can help. Just contact us at a time that suits you and we’ll do our best to answer your questions.


Am I eligible for a secured car loan?

To get a secured car loan, you must:

  • Be a homeowner
  • Be aged between 21 and 70* years old
  • Be a UK resident
  • Be able to pay back your repayments from your income

*Please note that your loan must be paid back by your 70th birthday.


If you're looking to obtain credit, our secured loans can be used for a range of purposes

Carry out home improvements and invest back into your property
Bigger personal items such as cars can be financed using a secured loan
Even if you have bad credit, we could still help you with a loan

What are the advantages of secured loans for cars?

  • As this loan is secured against your home and not against the vehicle you are not tied to a specific make, model or dealership.
  • Interest rates might be lower than unsecured loans
  • Repayment terms can be longer than on unsecured loans
  • You might be approved even with a bad credit rating
  • Repaying your secured loan on time, every time can boost your credit score

Things to be aware of before you take out a secured car loan

  • Borrowing too much can lead to financial struggles
  • Longer repayment terms may mean you pay more in interest
  • Failure to repay a loan could impact your credit score
  • Your property could be repossessed if you fail to keep up with the repayment terms
  • The true cost of owning a car may be higher than you think

Why choose Evolution Money for a secured car loan?

Here at Evolution Money, we specialise in providing secured car loans that are tailored to your needs. Our bespoke approach allows you to stay in control. You can borrow an affordable amount for your new vehicle and pay it back over the length of time you want.

Here are some more reasons why you should apply for a secured car loan with us:

We’ve helped over 31,000 customers find financial solutions with tailored and affordable repayment terms. Take a look at some of our case studies to see how our loans have supported others over the years

We won’t just look at your credit history as we prefer to view your entire financial story to get a better idea of your circumstances

You can expect full transparency when you choose us as we always provide a full breakdown of our loans for your peace of mind

The hundreds of positive reviews we’ve received on Feefo mean we’re rated excellent and we were proud to win the Platinum Trust Service Award in 2022

We’re regulated by the Financial Conduct Authority and are a member of the Finance and Leasing Association, following its Lending Code

Apply for a secured car loan today

Want to know the approximate cost and timescales of your secured car loan? Get in touch by giving us a quick call on 0161 814 9158 or fill out our simple online form to talk through your loan needs and get a no-obligation quote from our experts.

If you need any extra assistance during the loan application process, check out our help and advice page for more useful information.

Apply for my Car Loan

Questions you may have about secured car loans

Do I have to buy a new car?

Not at all. You can be in the market for a brand-new vehicle or a reliable second-hand car.

How old does the car have to be?

There’s no age restriction on the vehicle you choose when it comes to our secured car loans.

What details about the car do I need to provide?

Some loan providers ask for information about the car to make sure you’re paying the right amount. However, we don’t require these details, which gives you the flexibility to find the right car for your needs.

What if I haven't found a car yet?

If you haven’t found the car yet, we can work together to get your loan amount in place ready for your purchase. And if you have a change in circumstances in the meantime, we can change the secured car loan terms quickly.

What if I've been refused a secured car loan elsewhere?

Unlike some other loan providers, we look at your whole financial situation and not just your credit history. This means that you may still be able to get a secured personal loan to cover the cost of your car – even if you’ve been refused credit elsewhere.

Are there any fees?

There is a Lending Fee of £714 and a Product Fee that is a percentage of the amount you’re borrowing. You will be provided with a personalised breakdown of the fees applicable with your quote, you will also be given the option of paying these at the point your application completes or by adding to the amount borrowed and repaying them over the duration of the loan term.

We’ve broken down all our fees in this example table, so you can get an idea of what you’ll have to repay when you take out one of our secured car loans.

How long will it take to receive my secured car loan?

Some customers could receive their secured car loan within a few days of applying but this can be longer depending on your circumstances.

How to apply for a secured car loan?

Applying for a secured car loan is simple. Just click on ‘Apply for my Car Loan’ below, complete the form and talk to an advisor to get your no-obligation quote today.

Apply for my Car Loan

How our customers rate us

We’re proud of the high standard of our customer service and believe that each of our customers should be treated as an individual.
Evolution Money 96 out of 100, based on 178 reviews over the past year. 178 user reviews. Read our reviews

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FLA logoWe are a member of the FLA (Finance and Leasing Association) and subscribe to its lending code.
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Evolution Money are a multi Award Winning UK finance company with thousands of happy customers!

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Our friendly loan advisors can let you know if you're eligible for a loan without affecting your credit score. Why not give us a call today!

Freephone 0800 144 8188

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