Car Loans

Get money for your new car quickly and easily. Find out what car loans you’re eligible for without impacting your credit score.

By clicking below, you will be transferred to our partner Aro.

A car with a sold sign in one of it's windows

At Asda Money, we’re here to help when you need new wheels. We can help you find car loans from £1,000 - £25,000, allowing you to get on the road as soon as possible.

Search our panel of trusted UK lenders to find the right loan at the right rate for you. You can check if you’re eligible for a loan without impacting your credit score to give you a decision in minutes.

Why choose Asda Personal Loans?

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    The Asda advantage

    Known for putting value for money at the centre of everything we do

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    One simple form…

    Receive quotes from a trusted panel of lenders without harming your credit score

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    Asda service, Asda value, expert providers

    A loan offer that’s right for you and your circumstances

What are car loans?

A set of keys are left in a door lock

A car loan is a personal loan taken out to pay for a car. You can use it to pay for the full cost of a car or some of the total, or to put down a deposit. Personal loans are ‘unsecured’ – so they don’t need to be secured against an asset such as your home.

Compare car loan options

Looking for a loan to fund something else? At Asda we help you compare loans for everything from Weddings and Holidays to Home Improvements and Debt Consolidation.



How do our car loans work?

At Asda Money, we work with a carefully selected panel of trusted lenders. With just one online eligibility check, you’ll see all the available car loans that match your requirements. We perform a soft credit check, so it won’t appear on your credit file.

This initial eligibility check will give you a list of potential loans to browse. Choose one that works for you and apply directly with the lender.

Complete your no-obligation eligibility check


Children sit in the open boot of a car with teddy bear

How much can I borrow?

Most people look to borrow between £1,000 and £25,000 for a car loan. The panel of lenders we work with offer loans up to £25,000. The individual lender will determine the repayment term, which is usually between one and seven years. The lender will also determine the available interest rate.

How much does car financing cost?

If you’re taking out a loan to pay for your car, the cost will depend on several factors. They include:

  • The amount you’re borrowing: The more you borrow, the more you’ll have to pay back.
  • The interest rate: The higher the interest rate you get, the more you’ll have to pay back over the loan term.
  • The loan term: Be aware that if you borrow over a longer term, your monthly payments will be lower than a shorter-term loan, but you will pay more in interest over the length of the loan.
  • Your credit score and history: If you have poor credit, you likely won’t qualify for the best interest rates. This could mean you’ll pay more in interest, making the overall cost of the loan more expensive.



Car loans with bad credit

If you’ve previously struggled with borrowing and have a low credit score, it will likely affect your ability to borrow for a car loan now. Not all lenders will lend to you, which can decrease the number of loans available. The lenders that do provide loans will often ask for a higher interest rate, and may not offer the full amount you want.

A guarantor loan may be an option if you have a poor credit score. This is where a family member or friend agrees to pay the debt if you can’t pay it back. Whilst this may seem viable, it’s important to consider the financial pressure it puts that person under. You may be unable to borrow the full amount through a guarantor loan.

  1. Did you know that we also offer Breakdown Cover?

    Get assistance from over 4,000 professionals ready to keep you moving. Most of us rely on our cars to get us from A to B every day, but sometimes we run into trouble and get stuck with a broken-down car. Our breakdown cover is here to help you get on your way again.

    Find out more

Top Personal Loans FAQs:

Why choose a Personal Loan through Asda?

Customers could access great rates from carefully selected trusted lenders, so you can sit back and let us do the leg work. What’s more, when you search for a personal loan, you’ll only have a soft search on your credit history, which means you can check your eligibility without harming your credit score.

Once your loan is approved, you could receive your funds the same day.

How does it work?

Asda is in partnership with Aro which is a trading style of Aro Finance Limited, who are a leading credit broker to offer our customers a different solution to borrowing money and finding a loan. We work alongside Aro so we can provide our customers with the right offer from a panel of handpicked trusted lenders. 

With one eligibility check, you can search a panel of carefully selected lenders and provide you with a loan tailored to your needs. Once you have been approved you receive your funds which could be as quick as the same day.

So sit back, relax and let us do the hard work.

Who are your lenders?

We have carefully selected a number of trusted lenders to be on a panel. You can search the panel to provide you with the very best offer you are eligible for. Find out more about each of our lenders here.

If you have any questions on our lenders, please call our Customer Service Team on 0333 555 0560 and a colleague will be happy to help.

How much can I borrow?

Lenders offer loans from £1,000 up to £25,000 with repayment periods ranging from 1 to 7 years.

Will applying affect my credit rating?

No. One of the best things about our service is you get access to a panel of trusted lenders with no credit footprint left on your credit file. When you apply with us, a soft search is completed which doesn’t harm your credit score.

However, if you do proceed with an offer from your search with us, the lender will complete a hard search once you have accepted your offer. This will show on your credit file.

About our trusted provider, Aro

Asda is in partnership with Aro which is a trading name of Aro Finance Limited. Both Asda Money and Aro are credit brokers, not lenders. We offer our customers a different solution to borrowing money and finding a loan.

We work alongside Aro so we can provide our customers with their very best loan offer from a panel of handpicked trusted lenders.

With one simple eligibility check, our panel of lenders can provide you with a loan tailored to your needs. It’s also a safe way to find a loan without negatively affecting your credit rating.

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