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Loans, Private and car loans, AA

Turn desires into reality with a loan from the AA

With special rates for our members, whether it’s a fresh car, some winter sun or consolidating existing debts we could help.

Provided by the Bank of Ireland UK. AA Financial Services Limited is a credit broker and not a lender.

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Representative Three.1% APR. Based on a loan of &pound,15,000 over Five years, with monthly repayments of &pound,269.90 and total amount repayable of &pound,16,194.00, which includes &pound,1,194.00 interest at Three.1% immovable.

Significant: The rate and fee you’re suggested will depend on your individual circumstances &ndash, including your credit rating. The maximum APR you could receive is 28.9%

Are you eligible?

See the chance of your application being accepted without affecting your credit score.

Member rate

You’ve indicated that you’re an AA Member* and will therefore receive an special rate. Before we proceed, please confirm your membership number below.

* You’re an AA Member if you have UK Breakdown Cover (excluding Basic Breakdown Cover), and which you arranged directly with us.

Ready to apply?

Love our low rate loans. It’s quick and effortless to apply.

Here’s how you could use our loans

Turn your plans into reality

We don&rsquo,t just keep cars on the road, we can keep your finances running slickly too. Whether it&rsquo,s a fresh purchase, a holiday or getting some help to manage your existing debt the AA is here to help with a individual loan with a low rate from just Three.1% APR. &dagger, All our loans have a elementary online application, with no set-up fees or early repayment charges to give you the plasticity you need.

&dagger, The rate you are suggested will depend on your private circumstances including your credit rating.

Someone selling your ideal car?

Let’s make it yours with a loan from the AA. Our loans have a low rate from just Three.1% APR, &dagger, and can be used for any fresh or used car. So if you’ve found the ideal model apply for an AA loan today.

&dagger, The rate you are suggested will depend on your private circumstances including your credit rating.

Hop begin your home improvements

As well as keeping cars on the road, we can keep your plans at home on track as well. Whether it&rsquo,s a fresh roof, fresh conservatory or a project you&rsquo,ve been thinking about for a while, with low rates from just Three.1% APR, &dagger, our loans can help you make the most of your home. Get embarked quickly with our plain online application, with no set-up fees or early repayment charges to worry about either.

&dagger, The rate you are suggested will depend on your individual circumstances including your credit rating.

The details

  • Three.1% APR Representative (immobilized) for loans inbetween &163,15,000 and &163,25,000
  • Motionless monthly repayments
  • Special lower loan rates for Members
  • Instant decision in most cases
  • Make extra payments or pay off your loan early with no charges
  • No arrangement or set-up fees

Manage your loan

Help manage your existing AA Loan.

About loans

What is an APR?
What is a representative APR?
Will I receive the advertised APR?

The APR you receive may vary from the advertised rate. This is the representative rate which we expect most people who apply to get.

Applying for an AA Loan

How do I apply?

You can apply online and will get an instant decision in most cases.

Need help completing your loan application?

If you need any help completing your loan application please call us on 0345 266 0124 or use our web talk facility where our advisors will help you with any queries.

Who can apply?

To be eligible to apply you must,

  • Have been a UK resident for at least Three years
  • Be over 21 and no older than 70 when the loan term finishes
  • Be employed with a salary of £12,000 or over (if you are self-employed, you must have been employed for a minimum of Two years)
  • Not have a history of County Court Judgments or bankruptcy
  • Have a UK based bank or building society account that can pay direct debits
How much can I borrow?
How long can I take a loan for?

Loans are available inbetween 1 and 7 years (depending on the value of your loan).

Can you tell me how much a loan will cost without having to provide my private details?

We suggest a personalised price which is based on your individual circumstances and amount you wish to borrow and it is therefore necessary to capture your private details. Please note that we do not suggest an indicative quotation. If you proceed and submit an application, a credit search will be registered at the Credit Reference Agencies.

Can I use this loan to pay off other debts?

Yes, in the right circumstances debt consolidation can be beneficial and help you manage your debt. If you have all your debts in one place, it means that you only have to track one interest rate and one payment to make each month.

However, before applying for a loan you should review your options to make sure that the loan which you are considering is right for you. For example, compare the rates of interest inbetween your current loan or credit card providers and your proposed AA Loan and consider how long the loans are for.

In some circumstances taking out a loan to manage your finances could mean you end up paying a higher rate of interest and/or it may take longer for you to pay the money back.

I’m not sure if an AA Loan is right for me, what do I do?

Take the time you need to consider all of the information you are provided with so that you are sure the product is right for you before you commit.

See Borrowing Money with an AA Loan for more information. Perhaps, discuss it with a family member or friend. If you’re still uncertain about how to make an application or what will happen next, please call Customer Services on 0345 266 0124.

Can I switch my mind about taking out a loan?

Yes. You have 14 calendar days from the day after you receive your acceptance letter to withdraw from your Agreement. If you determine you don’t want a loan from us, just call 0345 266 0124 within this 14 day period. Alternatively, you can write to us at, AA Loans, PO Box 248, Sheffield, S98 1QF.

When will I know if I have been accepted for the loan?

In most cases you will get an instant decision online. In some cases we may require extra information or evidence of documentation, if this is the case we will be in touch with you by post within Five days.

What can I do if my loan application is declined and I don’t agree?

If you are unhappy with the decision you can ask us to reconsider by telephoning us on 0345 266 0124. Alternatively, you can write to us at, AA Loans, PO Box 248, Sheffield, S98 1QF.

What is credit scoring and how does it work?

To help understand whether to provide you with credit and to ensure responsible lending, your individual circumstances are taken into account.

How do I get a copy of my credit report?

You can get hold of a copy of your credit report:

  • Online at or
  • By writing to Experian Ltd, Consumer Help Service, PO Box 8000, Nottingham, NG80 7WE.
  • Online at or,
  • By writing to Callcredit, One Park Lane, Leeds, West Yorkshire, LS3 1EP.

Please note, these agencies will charge you for this service.

What happens after my application has been approved?

We will send your agreement out by post. You will need to check all the details, sign the agreement and comeback it to us by post in order for us to transfer the funds to your account. You will also be sent a copy of our Terms and Conditions, Pre Contractual Information (SECCI) and Significant Information about your loan.

How soon will I get the money?

We aim for the money to be in your bank or building society within Two working days once we have received your signed agreement.

Once you have your loan

When do I need to make my very first loan repayment?
Can I switch the date my repayments are made?
How do I make my monthly repayments?
What if I can’t make my monthly repayment?
Can I take a payment break?
What should I do if I need to switch my individual details?
Can I pay my loan off early?

Yes, you can lodge your agreement early in total or in part, at any time. There is no fee for repaying your loan early.

To make a partial settlement you can call us to make a debit card payment. As a result of any repayment we reduce the term of your agreement unless you request otherwise.

How do I find out my outstanding loan balance?
What format can I receive my loan documentation in?

We can provide documentation in braille, large print or audio on request. If you require documentation in any of these formats, please call us on 0345 266 0124. Alternatively, you can write to us at, AA Loans, PO Box 248, Sheffield, S98 1QF.

Existing customers

Do you have an existing AA Loan?

If you have an existing AA Loan and need to contact us please refer to our existing customers page which will give you more information about the loan you have with us and how to contact us.

Can I borrow more money and add it to my loan?

Unluckily at this time we cannot add on extra funds to a loan, if you wish to borrow more money you will need to lodge your existing loan and reapply for a fresh one. If you have further questions please call us on 0345 266 0124.

Contact us

How can I contact you about my application / loan?

You can contact us to discuss any queries you have about your loan on 0345 266 0124. We are open Monday to Saturday, 8am – 8pm and Sunday, 9am – 5pm. Please note we are closed on bank holidays. Calls may be recorded for training and monitoring purposes.

Help and guidance
Our decisions explained
Assessing applications for credit

To help determine whether to provide you with credit and to ensure responsible lending, your individual circumstances are taken into account. To do this, each application is assessed using a system called credit scoring.

How credit scoring works

Credit scoring is used by most major financial organisations in the UK to help them determine whether to suggest credit to a customer. All AA Loan applications go through a standard credit scoring process, which makes a decision based on a combination of the information you’ve provided, the loan provider’s lending criteria and information obtained from both Credit Reference and Fraud Prevention Agencies.

Credit scoring works by taking all of this information and providing each relevant detail a value (or ‘score’). When all the individual values have been added together a final score for your application is produced. If this score reaches a certain level, set internally by the loan provider, then an application for credit will usually be accepted. If your score does not reach this level, then an application for credit may be declined.

Why credit scoring is used

Credit scoring is an automated process that permits each application to be assessed in an impartial and consistent manner, ensuring that all customers are treated fairly. It also helps a financial organisation to meet their legal and regulatory commitments as a responsible lender. Every application for credit includes a certain level of risk, no matter how reliable and responsible a customer is. Credit scoring permits financial organisations to understand the level of potential risk for each individual applicant, and if the risk is too high then an application will not be accepted.

Why your application may be turned down

If your application is turned down it simply means that, based on the information available:

  • Your overall credit score was not high enough to pass the required threshold, or
  • There may be information held at the Credit Reference and/or Fraud Prevention Agencies which has been interpreted as negative, or
  • Your application may not have met one or more of the specific application requirements. For example, you will not be provided with credit if your annual income (excluding unemployment benefits) is less than &pound,12,000
Appealing a decision

If your application is declined, you have the right to appeal the decision, albeit there is no assure that the outcome will switch. You can request an appeal by calling Customer Services on 0345 266 0124 or by writing to us at the address below. You will generally be asked to provide extra relevant information to support your appeal, such as copies of bank statements.

What you can do next

Loan applications can be declined regardless of what information is held by the Credit Reference and Fraud Prevention Agencies, and if you are unsuccessful in applying for an AA Loan it does not mean that you will be refused credit elsewhere as financial institutions make their decisions in different ways.

It is advisable to obtain a copy of your credit file before making any further applications (a fee may be charged for this service). The Credit Reference Agencies used for your AA Loan application were, Experian Ltd and Callcredit Check, and their contact details are below. CIFAS &ndash, the UK’s Fraud Prevention Service &ndash, was used as the Fraud Prevention Agencyfor your application, and their contact details are also below.

Contact us at:
Contact Experian at:
Contact CIFAS at:

6th Floor Lynton House,

7-12 Tavistock Square

Contact Callcredit Check at:

Borrowing with an AA Loan
About this information

This is key information that will help you understand our loan products. This information does not contain all of the information about the credit agreement you will come in into if you proceed with an AA Loan. You should read this document and all of the other information we provide to you cautiously so that you can determine whether this product is right for your needs and circumstances.

If after reading this information you require further information or have any questions we encourage you to get in contact with us &ndash, ways of contacting us for further information are detailed at the end of this document, our website and other documentation we will provide to you.

Determining whether you should be borrowing money

There are some very significant questions you need to reaction before you borrow money. You should ask yourself if you need to spend the money, if you have other ways of financing the purchase and if you can afford to pay back the money you are planning to borrow. If you indeed do not need to spend the money today, then you should earnestly consider saving some money each month rather than getting into debt. However, if you want to borrow money and pay back an amount every month, a private loan is one option. If after reading this information you require further information or have any questions we encourage you to get into contact with us.

What is a loan?

A loan is a legal agreement inbetween a customer and a lender for the lender to lend an agreed amount of money over a pre-agreed term to the customer at a specified interest rate / APR. The customer is roped by the Loan Agreement to repay the loan by making specified regular repayments to the lender. AA Loans are unsecured loans. Unsecured loans are loans that are not secured against any asset such as your home.

How can the loan be used?

A individual loan provides you with a lump sum which can be used to spread the cost of more expensive items, such as a home improvements or a fresh car, over a pre-agreed term. It is not suitable to fund day-to-day expenditure or for use as a deposit for other credit arrangements such as a deposit for a house.

What are debt consolidation loans?

If you have got lots of different debts and you are fighting to keep up with repayments, you can merge these together into one AA Loan as a way of potentially lowering your monthly payments. With a consolidation loan you borrow enough money to pay off all your current debts and owe money to just one lender, which can make it lighter by managing all debt in one place. Be careful tho’, as consolidation loans can lead to more debt. Debt consolidation only makes sense if you use it as an chance to cut your spending and get back on track, you can keep up the payments until the loan is repaid and you can afford to pay off any fees or charges to your old lender(s).

Who can apply?

An AA Loan may be suitable for anyone:

  • &bull, Aged 21 years or over,
  • With no County Court Judgments (CCJs) against them
  • Who has been a UK resident for at least three years
  • Who has a regular income above &pound,12,000 a year
  • Who has a UK based bank or building society account that can pay direct debits
  • Who has been self – employed for more than Two years
AA Loans &ndash, features
  • You may be able to borrow more than with a credit card.
  • Your private loan repayments will be motionless amounts. That means you know your repayment amount is going to be the same every month, so it makes it lighter to budget.
  • You have plasticity in determining how long you would like to take to repay the loan. Recall that the length of the loan will affect the amount you are charged in interest.
  • You can consolidate several debts into one individual loan, potentially reducing your monthly repayment costs. But be careful, as this may mean that you could pay more charges or a higher interest rate and if you extend the length of the loan you could pay more overall.
If you do determine you want to borrow money
How is the decision made as to whether to lend you money?

Before accepting you for a loan, information from Credit Reference Agencies is obtained and used to assess whether you can afford to repay the loan.

Each time you apply for credit, a &lsquo,footprint&rsquo, is created on your credit file. While credit application footprints are not themselves negative, if you collect a lot of them over a brief period it can be a cause for concern. This is because a rush of credit applications very close together can be a sign of fraud, or can indicate that you are experiencing financial difficulties. Therefore, applications should be spaced out where possible. If you are simply comparing the market and shopping around for the best deal, you should not submit a total application until you have made up your mind which is the best deal for you.

As part of determining whether or not to lend you money, fraud prevention agencies are also consulted to ensure the person making the application is who they say they are i.e. someone else is not pretending to be you.

Any information you have provided is used to help with the decision, along with any information already held about you, information from enquiries made about you, and information we get from your dealings with us or our Group.

AA Loans &ndash, keep in mind

Individual loans may have higher rates of interest than some other forms of borrowing, particularly if you want to borrow a smaller amount, such as &pound,1,000.

Because the interest rate may reduce the more you borrow, you may be tempted to take out a thicker loan than you need and this should be avoided.

Before you sign the Loan Agreement you must read it cautiously. If you are having difficulty understanding any part of the Loan Agreement, you should contact us on 0345 266 0124.

Making payments

Repayments to your individual loan will be on a monthly basis by direct debit from your current account (or an account that accepts direct debits). The amount and number of repayments will be detailed in your Loan Agreement. Before signing the Loan Agreement, you should make sure you are comfy that you will be able to make the monthly repayments and you are able to leave enough money in your account to do so.

What interest rate will I be charged?

The interest rate you are suggested will be a personalised rate based on your current individual circumstances including credit information held about you by the credit reference agencies, the loan amount you borrow and length of time you borrow for. Details of your interest rate and repayments will be detailed on your Loan Agreement form and it is essential that you read this cautiously before determining whether or not to accept the terms of the Loan Agreement.

How will I know how much I have to pay back?

Your Loan Agreement will state clearly the monthly repayment amounts, number and frequency. The date of your repayments will be communicated to you in your &lsquo,Welcome letter&rsquo,.

Early repayment

You can repay all or part of the credit borrowed at any time. If you wish to do this, you can do so by contacting us on 0345 266 0124. This is outlined in the Loan Agreement. If you make a partial repayment, we will reduce the term of your Agreement unless you request otherwise.

What happens if I were to miss a loan repayment?

If you fail to make your monthly payment when it is due it can affect your credit rating. This may have severe consequences on your capability to obtain future credit. It may make future credit more expensive or may result in legal proceedings including court act and associated costs against you. Failing to make your repayments will mean that you have cracked the terms of the Loan Agreement and could result in us taking legal activity against you which may include us obtaining a charging order against a property you own. It could lead to your having to pay extra costs and make it more difficult to obtain credit.

Total details of the consequence of missing a repayment are outlined in the Loan Agreement.

Fees & charges

Any fees and charges applicable to your private loan will be laid out in the Pre Contract Information and Loan Agreement form you will receive before you sign up to the credit. You should make sure you read this cautiously and if you are unassured about anything, speak to us before you sign the Loan Agreement.

If I switch my mind, what is the AA Loan cooling-off period?

You will have a 14-day cooling-off period during which you can cancel your AA Loan Agreement. This will commence from the date you sign your Loan Agreement or when you receive a copy of the agreement, whichever is later. If you cancel, you have up to 30 days to repay the capital and interest.

If you have any further questions

Please call the contact centre on 0345 266 0124. We are open Monday to Saturday, 8am-8pm and Sunday, 9am &ndash, 5pm. Please note we are closed on bank holidays.

Significant information
Your AA loan agreement explained

Your proposed AA Loan Agreement is regulated by the Financial Services and Markets Act 2000 and by the Consumer Credit Act 1974, (the &ldquo,Acts&rdquo,).

The Acts give you certain rights and protections. We are obliged to give you an adequate explanation of your proposed agreement and give you enough information so that you can make an informed choice about whether or not to go ahead with it.

Pre &ndash, contract information

In addition to the information contained in this document, you will be provided with separate pre-contract information about your individual loan agreement. This contains detailed information about your proposed agreement, including how you can withdraw from it once the agreement is made.

If your pre&ndash,contract information is transferred to you in person, then you can take it away and investigate it in your own time.

It is significant that you read through the pre-contract information cautiously.

What you can use your loan for

A motionless rate private loan provides you with a lump sum which can be used to spread the cost of more expensive items, such as home improvements or a fresh car, over a pre-agreed term. It should be used for mid to longer term borrowing needs, and is not suitable for certain purposes such as funding day-to-day expenditure or for use as a deposit for other credit arrangements.

Making repayments

Under the terms of the Loan Agreement, you have to repay the loan which is made to you. We will charge you interest on the loan provided under your private loan agreement.

You will repay the loan plus interest by making regular repayments to us. The repayment amounts will be calculated to make sure that by the end of the term of the loan agreement, the outstanding balance of the loan is diminished to zero, (provided that you keep up your repayments). The exact amount that you will have to pay will depend on the amount of the loan, the applicable rate of interest and the length of time you choose in which to pay off the loan.

Details of the amounts payable by you under the loan agreement, including the amounts and due dates for your repayments, the interest rate payable, the duration, and the total amount payable by you can be found in the loan agreement and also in the pre-contract information which will be provided to you. You should investigate this information cautiously to make sure that you can afford the repayments and that the loan agreement is suitable for you.

Missing repayments

If you do not make your repayments in the correct amounts and on the due dates under your loan agreement, then you could face serious consequences.

If you do not pay, you will incur default charges of &pound,12 for each missed or unpaid repayment. We will also charge you interest at the interest rate shown in the loan agreement on any overdue amounts. We may send you a notice about these charges. This means that the amount outstanding under the loan agreement will proceed to grow because interest amounts and default charges will be added to the outstanding balance.

We will also send you a default notice, requiring you to pay by a certain date. If you do not pay by the date specified in the default notice, then we can:

  1. request instantaneous payment in total of the outstanding balance under your loan agreement,
  2. terminate the loan agreement,
  3. enforce any security which we may hold for your obligations to us under the loan agreement, and/or
  4. report your default to a credit reference agency.

If necessary, we can take legal proceedings against you to recover from you unpaid amounts under the loan agreement. We would also seek our legal and other costs from you. This could result in County Court Judgments being registered against you and may also result in a charging order (or an inhibition order in Scotland) being placed over a property which you own as security for the monies which you may owe us.

We would also be able to report your default to credit reference agencies. Your default would be recorded on your credit reference file and could be viewed by other lenders and agency users who search your credit reference file. This may make it difficult for you to obtain credit in the future.

Your right to withdraw

You will have 14 calendar days from the day after you receive your acceptance letter to withdraw from your Agreement. If you wish to do so, you can notify us in writing or by calling Customer Services. You will be required to repay any amounts outstanding, including any interest due, within 30 days. Once you have lodged the amounts outstanding, the Agreement will come to an end.

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