Alliance and Leicester Car Loan Review

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Alliance and Leicester Car Loan
4.5 stars
Average rating for this product is: 4.5 out of 5

From 0 ratings and 1 review

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Laplace Demon's Review of Alliance and Leicester Car Loan

19th Jul 2008

Overall Rating

4.5 stars
  • Value for money
    4.5 stars
  • Speed Of Loan
    5 stars
  • Payment Type
    Fixed Payments
  • Customer service
    5 stars
Good Points

Easy to apply
Good repayment rate
Friendly and helpful customer services


Bad Points

Although I specified which day of the month I wanted the direct debit to go out, they didn't set it up for that day. But that's a small issue.


General Comments

I went to Alliance and Leicester for a personal loan for my car after the repayment options from Barclays Bank were beaten by a number of other personal loan providers (so much for being a loyal customer of 10 years...).
I arranged the loan after finding the loan on www.moneysupermarket.com. The APR was pretty good, monthly payments just about beat Barclays Bank, and there was even an offer where they claimed they'd at least match if now beat my next car insurance renewal quote since I was a new customer.
I applied, and was accepted. The following day I received a phone call confirming the loan was agreed, explaining the technicalities and happily telling me my loan would be in my account within 3 days (and it was).
The irony is that if I got my loan now, I wonder if the loan would be even more competitive following the Santander takeover announcement?

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NameCredit RatingAPRTypical APRMin Loan AmountMax Loan AmountHome Owner  
Alliance & LeicesterGood8.00%8.00%£7,500.00£14,950.00No
Sainsbury's LoansGood8.00%8.00%£7,500.00£15,000.00No
Nationwide LoansBad7.90%7.90%£7,500.00£14,999.00No