All Loans > Car Loans > Mbna Car Loans Calculator
Important disclosure

MBNA Car Loan Overview

MBNA Personal Loans logo

Maryland Bank National Association (MNBA) has been offering credit cards and loans since 1982. They were founded by the Maryland National Bank but joined the Lloyds Banking Group in 2017.

Is an MBNA car finance or car loan right for you? Use our MBNA car loan calculator to find out.

MBNA offers personal loans, which you may use in buying new or secondhand cars, home improvements, weddings, holidays, or debt consolidation.

They pride themselves in being credit experts, helping their customers in unexpected or dire financial dilemmas. They also offer an eligibility checker for credit card applicants called Clever Check. This soft credit-checking tool helps applicants find suitable credit cards and gauge the possibility of being approved.

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.

MBNA car loan features

  • 1 to 7-year loan terms
  • £1000 to £25000 loan funds
  • Maximum 29.9% APR
  • Fixed monthly repayment amounts
  • Making extra payments is free
  • Up to 2 repayment holidays per year but subject to approval
  • Sends loan funds within 24 hours to 5 business days
  • Has an early repayment fee that’s worth 58-day interest

How to apply for MBNA car loans

You’re eligible if you

  • Are 18 years old or above
  • Live in the UK, except for the Channel Islands and the Isle of Man
  • Aren’t studying full tim
  • Earn income regularly
  • Do not have a bad credit history
  • Own and use a bank account in the UK

Application steps

  • First, go to this page and click Get Started.
  • Next, enter your loan details. You’ll be asked to enter the amount you want to borrow, your desired loan term, and loan purpose. If you want an MBNA car loan, select “Car, caravan, or motorbike” for a loan purpose. Click Continue.
  • Next, enter your loan details. You’ll be asked to enter the amount you want to borrow, your desired loan term, and loan purpose. If you want an MBNA car loan, select “Car, caravan, or motorbike” for a loan purpose. Click Continue.
  • Click Continue. The next screen will display the results.

Additional info

If you’re not approved to apply for an MBNA car loan, you can always reapply after 40 days. This also applies to those who canceled after getting an offer. MBNA can also reconsider their decision—just contact them 21 days after your application.

Meanwhile, if you need to talk to their financial advisor, they’re available between 8 am and 8 pm every week. You can also send them a message via their app, the MBNA Card Services App. It’s available on Google Play Store and App Store.

 

MBNA 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
MBNA

MBNA Car Loans

MBNA 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 MBNA'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.

MBNA car loan FAQs

Can I cancel my car loan?

Yes, but if you received a loan offer, MBNA won’t process any loan application from you within 60 days after your cancelation.

When will I receive my loan funds?

When you get approved, you can expect your loan funds to arrive within 24 hours or in less than 5 business days.

Where can’t I use my car loan?

You can’t use it for illegal, business, or investing purposes. Use your car loan for personal purchases like buying a secondhand car or doing a home improvement.

Will I be allowed to reduce or add to my monthly repayment fee?

No, your monthly repayment fee and term will be fixed once you get an offer. You can apply for another loan if you want a different amount and term.

.

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.

© 2024 Bestloanrates.co.uk