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Important disclosure

JN Bank Car Loan Overview

JN Bank logo

JN Bank offers loan products and personal savings accounts. As an organisation, its main mission is to help its customers find the right banking product.

Use our JN car loan calculator and the information below to find out if a JN Bank car loan is right for you.

Before launching in 2020, they’ve been fully authorised by the Prudential Regulation Authority (PRA). They are also being regulated by the Financial Conduct Authority (FCA), which means customers can guarantee that JN Bank provides fair services and products.

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.

JN car loan features

  • £1,000 to £15,000 loan funds
  • 1 to 5-year loan terms
  • Representative 12.9% APR
  • Runs a soft credit check — this means your credit score won’t be affected at all
  • No upfront application fees
  • No fees for making early repayments and lump sum payments

How to apply for a JN car loan

You’re eligible if you:

  • Are 21 years old or above
  • Have been living in the UK for more than 2 years
  • Do not have CCJs or IVAs
  • Have never been bankrupt
  • Are employed full time
  • Earn £1,000 every month after taxes if self-employed
  • Own an email address and mobile phone number in the UK
  • Own and use a UK bank account

Application steps

Here’s how to apply for a JN Bank loan online:

  1. First, go to this application page and get a quote.
  2. Confirm that you meet the eligibility requirements by ticking the “I meet all the conditions above” checkbox.
  3. Next, select “Let’s Start!”
  4. Select your desired loan amount, purpose, and terms. If you’re borrowing a JN Bank car loan, select “Car Loan.”
  5. After that, enter your personal details. You’ll be asked to enter your preferred salutation, name, birthday, UK-registered number, and email.
  6. Next, select continue. You’ll be asked to enter your employment details such as your industry and your monthly salary or earnings after taxes.
  7. Lastly, you’ll be asked to enter your address details such as your residential status, address, and how long have you been living at that address.
  8. Select “Get my quote!” After that, the screen will display the assessment results. You’ll instantly know if you can apply for a loan or if you still need to meet some requirements.

JN Bank additional info

If you need to open a new savings account, you can either choose from their Easy Access or Fixed Term savings accounts. Meanwhile, besides a JN Bank car loan, you can also apply for their home improvement loans and debt consolidation loans.

JN Bank’s branch is located at 410 Brixton Road, London, United Kingdom. You may also reach them via 0808 196 1945 or [email protected].

 

JN Bank car loan calculator

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
Sort loans by

Loan Amount

£20,000

Term

60 months

Change
JN bank

JN bank Car Loans

JN bank Car Loans
EST Monthly Repayment
£425 Inclusive of fees
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
GO TO SITE
View JN bank's website for more details on their car loans
Featured
Carmoola

Car Hire Purchase

EST Monthly Repayment
£474 Inclusive of fees
Interest Rate
14.80%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
£2,000
to £40,000
GO TO SITE
Carmoola's rates start as low as 6.9% for loans of between £2k - 40k over one to five years. Representative APR: 14.8%. Buy your dream car in minutes with Carmoola's virtual card, with a £0 minimum deposit. Carmoola is an entirely digital, app-based lender. No sales calls or paperwork! Take control and manage your loan in-app.

BestLoanRates.co.uk provides factual information in relation to financial products. While BestLoanRates.co.uk attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and, to the best of our knowledge, is correct at the time of publishing. The information published on BestLoanRates.co.uk is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product, you will be dealing directly with that provider and not with BestLoanRates.co.uk. BestLoanRates.co.uk recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information, please see BestLoanRates.co.uk's Terms of Use.

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.

JN Bank car loan FAQs

When do I receive a JN Bank car loan after approval?

You can receive your loan funds in less than 2 working days.

Does JN Bank require upfront fees for loan applications?

No, applying and getting a quote is free.

Can self-employed people apply for a JN Bank car loan?

Yes, as long as you meet the minimum requirements.

How does JN Bank assess loan applications?

When you apply for a JN Bank car loan, they use the credit reference agency TransUnion to review your application.

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Bestloanrates.co.uk provides factual information in relation to financial products. While Bestloanrates.co.uk attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the produc provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on Bestloanrates.co.uk is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with Bestloanrates.co.uk. Bestloanrates.co.uk recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see Bestloanrates.co.uk’s Terms of Use and Services Guide.

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