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Shawbrook Car Loan Overview

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The table below provides all the information you need to know about Shawbrook car loans.

How much will a Shawbrook car loan cost you? Use the Shawbrook car loan calculator to see estimated repayment rates based on your chosen loan amount and terms. You can also use the sliders to adjust the terms, see different outcomes and choose which works for you.

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.

Shawbrook car loans review

Shawbrook offers flexible unsecured car loans, which you can use to buy a new or used car.

Shawbrook car loan features

Thinking of applying for a Shawbrook car loan? Here are the key features and benefits to expect:

  • Loan amount and terms. Borrow £1,000 to £35,000 over 1 to 7 years.
  • Unsecured car loan. Your loan will not be secured against your car or any other asset.
  • Guaranteed rate. Get a personalised quote with a guaranteed rate from the start of your application.
  • Fixed repayments. Pay the same amount for your car loan every month— no surprises.
  • Simple application. Apply for an instant car loan online and get your funds in three working days.

How to apply for a Shawbrook car loan?

Check that you’re eligible:

To qualify, you must:

  • Be 25 to 75 years old
  • Be residing in the UK for three years or more
  • Have a regular income of £15,000/year
  • Be of good credit standing (to qualify for lower rates; those with bad credit scores may still be considered)

What you’ll need:
Other than your personal and contact information like phone number and email address, you should also prepare the following when applying:

  • Details of your address/es over the past 3 years
  • Employment information and details of your income
  • Bank account details
  • Valid IDs

 

Shawbrook 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
Shawbrook Bank

Shawbrook Bank Car Loans

Shawbrook 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 Shawbrook 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.

Shawbrook Car Loan FAQs

How long does a Shawbrook car loan application take?

If you apply online through their website, Shawbrook can provide an instant personalised quote.
You can then proceed with the application and provide the necessary documents. Afterwards, Shawbrook will evaluate your loan application. If you meet all requirements, they will approve your loan and transfer the money to your account within three working days.

What can I use the Shawbrook car loan for?

You can only use the Shawbrook car loan to purchase a new or second-hand car, as well as a motorbike or other vehicle.
 
Moreover, you cannot use it to pay off existing car loans. Shawbrook does not accept transfers of existing finance arrangements.

Does Shawbrook bank offer a guarantor car loan?

No, Shawbrook Bank does not offer guarantor car loans. They do, however, offer joint car loans, allowing borrowers to have one co-borrower.

How does Shawbrook calculate rates and approve car loans?

Upon application, Shawbrook will initially evaluate if the borrower meets the minimum criteria to be eligible for a loan. They also conduct a soft credit search, which will not affect the borrower’s credit records.
 
Shawbrook will use the borrower’s credit score to quote an offer and see if can afford the loan. Borrowers with good credit records will most likely be offered lower interest rates. Meanwhile, those with bad credit records might get higher rates. Interest rates for Shawbrook car loans are calculated daily but are applied on a monthly basis.
 
Shawbrook offers personalised rates based on a borrower’s income and financial state. Therefore, they will only approve borrowers once they ensure that they meet all criteria and have the capability to repay their loan.

How can I apply for a Shawbrook Car Loan?

Shawbrook Bank does not have a branch. You can only apply for a Shawbrook car loan online via their website or by phone.
 
For a new loan application via phone, you can call Shawbrook at 0345 600 6260 on weekdays from 9 am – 5.30 pm, and Saturdays from 10 am – 2 pm.

Learn more about Shawbrook Bank in this video

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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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