Important disclosure

Novuna (ex-Hitachi) Car Loans Overview

Novuna Personal Finance

Novuna Personal Finance is a leading personal loans provider in the UK. Financing that they offer includes personal loans, car loans, home improvement loans, and leisure loans. They previously did business with the name Hitachi, and continue aiming towards first-rate customer service.

A car is an essential need for almost everyone. If you’re planning to buy one yourself soon, check out Novuna (formerly Hitachi) car finance. They offer car loans with terms that may suit your needs. Good news is, you can estimate your monthly payment with the Novuna car loan calculator.

Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.

Overview of Novuna car loans

We know you’re excited to buy that new set of wheels. But, a car loan is a serious financial matter you should research about first. Read on below for the full list of features of the Novuna car loan:

  • Amount from £1,000 up to £35,000
  • Term from 2 years to 6 years
  • Fixed APR (currently 3.1% for loans between £7,500 up to £25,000)
  • No hidden charges
  • Application process you can finish within minutes
  • Instant credit decision (in most cases)
  • Access to funds within 2 days
  • Repayment through direct debit
  • Online loan account management
  • Dedicated customer service team for any loan concerns

For any further details you may need, you can visit Novuna’s website here.

The application process

You’ve finally decided that you want the Novuna car loan. But, make sure you meet the following requirements first before applying:

  • 21 years of age or older
  • Permanent UK residence
  • Regular income like employment or pensions
  • A UK-based bank account or building society account
  • Sound credit history

After that, you can start your application directly on Novuna’s website. Do note that while applying, you may need to provide additional personal documents or information. This may be about your identity, your address, your income, and your bank account.


 

Novuna car loan calculator

Loan Amount

£20,000

Term

60 months

Hitachi Personal Finance

Hitachi Personal Finance Car Loans

EST Monthly Repayment
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
View Hitachi Personal Finance's website for more details on their car loans

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Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.

Novuna car loans FAQs

Are Novuna and Hitachi the same lender?

Yes. In the same way, the “Hitachi car loan” is now the Novuna car loan.

Is Novuna a trustworthy lender?

Always! The Financial Conduct Authority has authorized Novuna to provide car loans.

What does the “fixed” rate for my Novuna car loan mean?

Your monthly payments until the end of the loan term will stay the same. This way, you’ll always know how much you’re paying for your car loan.

What APR will I get for my Novuna car loan?

Most customers will get the APR of 3.1% for loans between £7,500 up to £25,000. However, your credit profile or your loan terms may affect the final APR you get. The highest rate Novuna can give is 35.9%.

What if I want to pay off my Novuna car loan in full early?

You can. What’s more, Novuna will not charge you extra if you do so.

Can I apply for a joint car loan with Novuna?

Sadly, no. Novuna only accepts applications from sole applicants at this time.

Can I top up on my Novuna car loan?

Definitely! However, you can only settle your old loan for a new one with excess funds. Novuna don’t allow any applicant to run more than one loan at the same time.


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