AA Financial Services has re-entered the loans market offering UK consumers unsecured personal loans.
The AA is offering two loans; personal loans will be available with a rate of 4.4% APR Representative and car loans at 4.6% on sums between £7,500 and £15,000.
The car loan will also come with a free AA Vehicle Inspection worth £142.
Loans for sums between £1,000 and £25,000 are available at different interest rates and can be repaid between one and five years, or up to seven years if more than £15,000 is borrowed.
These are the first loans available from the AA/Bank of Ireland UK partnership.
Michael Johnson, director of AA Financial Services said: “AA Financial Services was once the leading non-bank provider of car loans – a position we’re eager to return to with a combination of competitive interest rates and valuable benefits that motorists say they would find attractive. We want to be the natural choice for those looking to finance the purchase of a car.
“When people are buying a car we want to give them confidence they are making the right choice; that’s why a free AA Vehicle Inspection makes sense in this context.
“Our partnership with Bank of Ireland UK has already seen the launch of competitive credit cards and an ISA. Now we have added loans to the portfolio, helping set the AA on course to once again become a leading contender in the financial services market.”