Clydesdale Bank Car Finance Reviews, Loan Calculator and Complaints

(2 customer reviews)

Average Customer Rating

Is this you?

Acceptance Criteria

You need: proof of ID (passport/driving license) and wage slips
You must have a good credit history
You must be at least 18 years of age

You must be in full-time, part-time or self-employment earning at least £400 per month
You must have been a UK resident for 3 years or longer
You must have a bank account with Direct Debit facilities

You must have an initial deposit of 10% for your purchase
The vehicle you choose must be a new or second-hand vehicle up to 5 years old
You must buy the vehicle from a recognised dealer

Loan Details

APR

7.9% - 19.8%

Representative APR

6.1%

Loan Amount

£1,000 - £25,000

Repayment Period

Minimum Term 1 year

Loans up to £25,000 - 5 years

Repayment Method

Direct Debit

Speed To Payout

2-3 days

Arrangement Fee

No Fee

Payment Holidays

Available subject to personal status - You can defer paying back up to 40% of your car

Payout Method

Transferred to your chosen dealer

Income Protection Available

Yes

Average Customer Review

(2 customer reviews)

Loanfinder Ranking

12th for APR of 423 loans in the UK (See Lender League Table By APR)
115th for Customer Satisfaction (See Customer Reviews)

Other Clydesdale Bank loans

Clydesdale Bank Personal Small Loan

Average Review

Representative 13.9%APR

Clydesdale Bank Personal Large Loan

Average Review

Representative 6.4%APR

About Clydesdale Bank Car Finance

Clydesdale Bank Car Finance offer between £1000 to £25,000 for you to spend on a new or used vehicle up to 5 years old. Early repayment options are available at no extra cost which can make this an affordable option. Clydesdale have a wide selection of designated car dealers across the UK which you choose your vehicle from.

You can apply over the phone for Clydesdale Bank Car Finance. Firstly, you must choose a car to suit you from a recognised dealer so they can organise a payment plan for you, according to that car. Once you have applied and if you are accepted, a letter and a loan agreement will be sent to you. When you have read over and signed it, you need to send it back to them so they can review the agreement. If they request for you to send any other documents, make sure to include these. They will review your complete application and make a final decision. If accepted, Clydesdale will then transfers the money directly to the dealer when you need them to.

Clydesdale offer payment holidays at the start of the loan, if you have chosen to pay your loan back weekly then you can defer your first payment by 14 days. If you are paying monthly you can hold the first payment off until the 56th day of the loan, this gives more freedom with regard to payments. However, many customers don't like the fact that there aren't many branches about, this means most problems have to be dealt with over the phone. The APR can also be quite high. They only accept people with good credit history so if you have made late payments, had CCJs or defaults, then this is not your best option.

Charges

Default Fees	Default Letter - £20.00
Early Settlement Fees	There are no early repayment fees
Late Payment Fees	Failed Direct Debit - Your bank will charge you for this