Common Contracts
1 similar Fixed Sum Loan Agreement contracts
If you have applied for a Conditional Sale agreement we may offer you an alternative product known as a Fixed Sum LoanFixed Sum Loan Agreement • August 25th, 2017
Sometimes known as an unsecured loan, this is different to an overdraft or credit card because it allows you to borrow a fixed amount over a fixed term at a fixed rate of interest. A Fixed Sum Loan gives you immediate ownership of the car, meaning it is yours from the start of the loan. At the end of the agreement, all of the car’s current market value could be recouped if you decided to sell it or traded it in as a deposit against your next car.
