Yorkshire Bank

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Company Information

  • Company Name:
    Yorkshire Bank
  • Website Address:
  • Business address:
    30 St Vincent Place, Glasgow G1 2HL
  • Phone number:
    08447 368 368

Car purchases are rarely like other buying decisions. Even in the early days of car ownership schemes existed allowing car buyers to avoid paying the full price up front. Car leasing is becoming ever popular, but the leaser is taking a gamble that you’ll be paying more than the depreciation on the vehicle – and they’re almost never wrong. So why not take the car leasing company’s profit for yourself by financing your car purchase with a loan instead? With interest rates at record lows, it’s unsurprising that Yorkshire Bank has been able to offer a market beating car loan of just 4.9% APR.

The loan is set at fixed interest rate and won’t even vary if the Bank of England change their base rate. This is ideal for the risk adverse, and a sensible decision to make as talk of increasing interest rates has become increasingly frequent. Even variable loans from other providers don’t offer such a great rate, making this loan the best of both worlds. The 4.9% APR is ‘typical’ meaning that at least 51% of those applying for the loan are approved with this rate, so if your credit score isn’t up to scratch or your personal circumstances aren’t ideal then you may be offered a worse rate.

Yorkshire Bank’s (YBonline.co.uk) car loans are very similar to their personal loans, with both offering loans up to ¬£25,000 (a minimum of ¬£1000 borrowing is required), with fixed monthly repayments over periods between 1 and 5 years. Yorkshire’s car loans are unsecured, meaning you are not offering your home as collateral. You don’t even need to be a Yorkshire Bank customer, or even based near “God’s Own Country” to apply – instant decisions are made online. The money is transferred fast into any bank account you choose, making this a speedy option if you need money to pay for a car in an emergency such as after a vehicle breakdown.

Should your financial circumstances improve, you can always opt to pay off your loan early – in full or in part – with an early repayment fee of just 58 days interest.

92 Reviews of Yorkshire Bank have been submitted - read the latest 3 below

Good old Yorkshire Bank have made my day by approving my car finance loan and giving me a very decent 5.4% APR which is much better than I was expecting. I know a friend got their loan recently from Yorkshire Bank and they were lucky enough to get the 4.9% APR 'typical' which they advertise so I know that isn't just a marketing ploy to get people to apply for their loans. If you are lucky like my friend you really can get that 4.9% APR. I'm not too disappointed because my rate is still really good and the repayments on my loan are going to be very affordable. I'll have my new car soon and it's all down to Yorkshire Bank so thanks guys!

Review posted by Fran Dickson, Leeds

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Most people I know have a car and can't do without a car. I'm the same so when my car broke down and was going to cost more to repair than it was worth I decided it was time to take the plunge and get a loan to buy myself a new one. It might have to last me another 20 years like this last one so I wanted to push the boat out and buy a really decent one. Thanks to the fantastic loan I have just got from Yorkshire Bank that is going to be possible because they have given me such a great rate on the 15K I am borrowing over 5 years that I wish I'd done this a whole lot sooner instead of struggling on with the old one these past few years. Still it's sorted now and the new car will be a reality in a few days time so I am a very happy bloke at the moment.

Review posted by Phil Everett, Maltby

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I'm really really happy with this car finance loan from Yorkshire Bank, so much so that I am posting this review which is a first for me. I'm not even a customer of theirs despite living in Manchester but as Yorkshire bank are giving these great loans to anyone in the UK with the right credentials I feel very privileged to have got this loan approved at such a fantastic 4.9%APR. My brother down in London is thinking of buying a new car and I've already been on the blower to him to tell him all about Yorkshire Bank and I have a feeling he'll be following my lead and applying for his loan with them. I just hope he gets as good a rate as me or there'll be hell to pay!

Review posted by Robert Dougal, Manchester

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