Alliance Leicester Loans

www.alliance-leicester.co.uk/loans/

Alliance Leicester loans come in two forms: a car purchase plan where you can drive a new car now and pay a lump sum in a few years time, or a more straightforward personal loan. Whichever product you choose, Alliance Leicester loans have a typical APR of 5.9%.

About Alliance Leicester Loans

If you read car magazines, you'll have seen the adverts for Alliance Leicester loans: they seem to fall out of every motoring magazine on the planet. The company gives you two choices: a standard personal loan with a typical APR of 5.9%, or a Car Purchase Plan – again, with a typical 5.9% APR.

It's important to know the difference between the two types of Alliance Leicester loans. The car purchase plan is a deferred payment loan, which means that you'll still have a chunk to pay – up to 60%. It's similar to the schemes run by major car manufacturers that enable you to drive a new car today and pay a lump sum a few years down the line, or start again with another car. With Alliance Leicester loans that decision can be up to 4 years away, and you can borrow up to £20,000.

Other Alliance Leicester loans are more straightforward. You can borrow from £1,000 to £20,000 with a term of up to five years, the monthly payments are fixed and you get an immediate decision. The APR depends on your credit rating and the amount you borrow.

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