This car finance eligibility service is provided by Motiv Finance.
When you click Check my eligibility, you will be directed to Motiv who will help you find personalised finance deals. The data you supply will be directly submitted to Motiv and be used to generate loan quotes from Motiv's panel of lenders.
Lendable Car Finance FAQ
Who are Lendable?
Lendable started out in 2014 with the aim of creating a digital platform that would make it quick and simple for individuals to apply for finance. They are a direct lender based in London that offers personal loans to people with different circumstances and with varying credit histories.
What loans can I get from Lendable?
Lendable offers personal loans which you can use for a variety of purposes, including funding your car purchase.
How much can I borrow from Lendable?
Lendable can provide customers with loans of different sizes and term lengths, depending on how much they need to buy their car as well as their own personal circumstances and financial situation.
You can pay your Lendable loan off early without needing to pay any extra fees.
Who can apply for Lendable car finance?
To apply for a loan from Lendable you will need to be a UK resident that has lived in the UK for at least 3 years, and be aged 18 or over. Individuals will also need to receive a regular monthly income that meets Lendable’s minimum requirements.
Lendable can offer finance to customers who may have more patchy credit histories, although they won’t lend to anyone with a CCJ. Lendable don’t just look at credit scores when deciding whether to lend to someone, they also look at their overall financial situation.
What information does Lendable need to know?
In your application for a loan from Lendable, you will need to provide personal and financial information. For example, you will need to give details on your employment status and income, as well as the amount of money you wish to borrow.
Lendable may require you to upload or send certain documents alongside your application.
Is Lendable trustworthy?
Lendable is authorised and regulated by the Financial Conduct Authority, and is also a member of Cifas- the UK’s leading fraud prevention service.
Where can I find Lendable reviews?
Independent review sites like Trustpilot will have a range of customer reviews on Lendable loans.
Services offered by this provider may change over time. Always check Ts&Cs.
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