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Bad Credit Car loan UK- Buy your own car on simple Terms

Posted 24th February 2010.

 Owning a car is not just a status symbol but becomes a need for everyone. It adds a great ease to commute from one place to another. Purchasing a car was really tough as it demands a huge investment. But now getting a car is not much hard as there are various lenders available to avail you a car loan. Car loans are available to you to provide you the swift financial assistance to get a car of your choice.

With bad credit Car loans UK you can grab funds 90 to 100 percent of the total value of car. You can easily repay the funds within 3 to 7 years as per your convenience. Though, never cross the final repayment term as it causes high penalty charges on you. Plus, spoil your entire credit status. So, it is better to make clear the borrowed amount on time.

There are two forms of car loans available in the market that are secured unemployed car loans and unsecured unemployed car loans. The secured unemployed car loans can be availed by pledging any of your valuable assets as collateral against the loan. These loans allow you to grab huge loan amount that comes in the range of £5,000 to £75,000.

To avail this loan facility you need to fulfill certain pre-requisite criteria which are as follows:
1)You should be earning minimum income of £1000
2)You should be permanent citizen of UK
3)Your age should be 18 years or more.
4)You should have valid bank account.

To get affordable loan deal with minimum hassle considers its online application and get the best deal right away. No paperwork or documents have to be faxed. Within 24 hours your approved amount will get transferred into your account. Now, through these loans you can easily buy your dream car with your bad credit status.

Loan 2 Loan UK is a great option in case of Car Loan, However, a great advancement has come into effect in the financial market and the fraternities have turned up with several lucrative offers for the Car Loan.

Ravi Mishra is an author and great financial advisor of Loan 2 Loan. He writes for the loan sites with his effective ideas and suggestions. He has a great passion for writing and he is expert in writing on finance and foreclosures. For more details please visit www.loantoloan.co.uk