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.
Likely Loans Finance FAQ
Who are Likely Loans?
Likely Loans began in 2014 to help people in a range of circumstances access affordable finance. The company is owned by Oakbrook Finance, a personal finance company based in Nottingham that was founded in 2011. Likely Loans offer a range of lending options to cater for a variety of needs, including car purchases and home improvements, with a particular focus on helping customers who may struggle to get credit.
What finance does Likely Loans offer?
Likely Loans offer several types of unsecured personal loans, including car finance, car repairs, home improvement loans, debt consolidation loans, and more.
Because these loans are unsecured, the lender cannot seek to repossess the car should you fail to meet the terms of your loan agreement. However your credit rating would be significantly affected.
How much can I borrow from Likely Loans?
Individuals can apply for smaller loans to fund their car purchase, choosing an amount and repayment period that best suits their situation.
The APR on each loan will differ between customers and will be determined by their personal circumstances and finances.
Who can apply for finance from Likely Loans?
Any UK resident can apply for car finance from Likely Loans. Likely Loans will look at your overall financial situation to assess if you can make the necessary repayments, as well as looking at your credit rating. They may be able to offer loans to individuals with little credit history or with a poorer credit rating, but they will assess each application on a case-by-case basis.
Can I get Likely Loans car finance with a bad credit history?
Likely Loans consider applications from people with different backgrounds and credit histories. As long as you haven’t been made bankrupt in the previous 12 months, Likely Loans will look at applicants with poorer credit ratings and aim to find a finance solution for them.
They also offer loans that are specifically targeted at people with a bad credit history.
What information do I need to give to apply for finance from Likely Loans?
In your application for Likely Loans finance you will need to provide some basic personal details and financial information, including your income, expenses, and employment status. They may require you to submit supporting documentation as proof before approving any application.
Can I pay off my Likely Loan early?
Customers can pay off their loan from Likely Loans at any time, usually without any extra repayment charges, but check the loan conditions upfront.
Is Likely Loans trustworthy?
Likely Loans is a trading name of Oakbrook Finance, which is authorised and regulated by the Financial Conduct Authority. It is also a member of the Financial and Leasing Association (FLA), the UK leading organisation for asset, consumer, and motor finance.
Where can I find Likely Loans reviews?
You will be able to find customer reviews on Likely Loans on independent review sites like Trustpilot.
Services offered by this provider may change over time. Always check Ts&Cs.
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