Retail Waiver is pretty much the same as GAP Insurance. It may pay the difference between the balance of a loan due to a vehicle and what your insurance company pays if the car is considered a covered total loss.
If this waiver is financed, it will provide you with a range of options should be unable to repay the loan because of Accident, Illness, Redundancy, Bankruptcy, Terminal Illness or Death. For more details please see AFD Waivers T & C’s or contact us.AFD Waivers T & C’sor contact us.
We have a large database of car dealers that use our services. Simply search for these dealers on our website that are closest to you. Alternatively, if you do not find a dealer that suits, you can simply call our lending department on 0800 751 851
We offer competitive rates for vehicle loans, with rates starting from 9.95%. The rate you will be charged is based on several criteria. These include the type of security provided; value of the security in relation to the loan amount; the amount of money you wish to borrow; your previous credit history with other financial institutions; and your total credit profile.
To make the process as quick as possible, it would be easier if you could supply the following:
– Identification (Usually your Driver’s Licence)
– Proof of Income (No older than 6 weeks)
– Proof of address – a bank statement, utility or rates bill no older than 12 months
– Application Form – can be found here
– Details of the vehicle (usually this is sent from the dealer)
Completing your application for a personal loan will take less than 20 minutes. You can either call us on 0800 751 851 or apply through the car dealer. Sometimes we require extra information – we’ll let you know if we need to do this.
We consider various criteria when assessing your application for a vehicle loan. If you have ‘bad credit’, such as a recent default to another financial institution, you are unlikely to be approved. If you are not approved we will tell you the reasons for our decision and explain what you will need to do, over a period of time, to improve your likelihood of getting a loan in the future.