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The AA (Automobile Association) Official Website: The AA (Automobile Association)

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The AA could well be the first place you think of when shopping for breakdown cover or car insurance, yet the AA also provides a number of other useful services, including personal loans. AA Loans offers loans from £1,000 all the way up to £25,000 and if you are an AA member then so much the better, since you will qualify for a very competitive rate on loans above £7,000. However, anyone can apply for an AA loan using the secure online application at the AA website. You'll receive a decision in just a few minutes. Online Application

Depending on the type of loan, and the amount, then you'll have up to seven years to repay an AA loan and, as mentioned above, if you're an existing AA member then you'll qualify for a preferential APR (if you already have a valid AA breakdown recovery membership then you are able to receive the preferential AA members loan rate). It therefore makes some sense, if you are not already an AA member, to sign up for AA membership before applying for an AA loan. The cost of AA membership would almost certainly be offset by a lower APR on your loan. Additionally, as an existing AA Loans customer, you can top up your existing loan at any time and enjoy more money, often for the same monthly repayment (AA top-up loans are currently only managed over the phone).

However, whatever you need a loan for, AA Loans is a good place to start - there are a couple of good reasons for that. Firstly, despite appearances, not all loan companies are necessarily quite as reputable as they make themselves out to be; with AA, you know that you're dealing with a company with an excellent reputation, and one which has been around for over 100 years. Secondly, by going with a reputable company, such as The AA, you're more likely to get a better interest rate, since they will check your credit score, etc, before deciding whether to grant you a loan. Conversely, some other companies may easily grant you a loan, with few checks against your credit history, but then charge you the earth for the loan, which is probably not what you really want.

If, for whatever reason, your AA loan application happens to be rejected, you can, of course, still apply to other lenders for a loan, having lost nothing except a few minutes filling out the AA loan application.

Unlike many loan companies, there are no hidden charges when you take out an AA Loan, and you can also repay your loan early if you choose to. Optionally, you can also choose to purchase Creditcare when you apply for your loan; Creditcare is a low cost, optional insurance that could help you to make your AA loan repayments in the event that you're unable to make the payments because of unexpected circumstances, for example. Your AA loan repayments could be protected for up to 12 months.

For the sake of an extra few pounds, choosing Creditcare is an excellent idea, and provides cover for the circumstances of unemployment, accident and sickness, and critical illness. Creditcare also provides life cover, which means that in the unfortunate event you lose your life, your loan could be paid off (up to a maximum as pre-defined when you purchase Creditcare), leaving no loan debt to your next of kin.

There are several different types of loan available from the AA website, and you'll obviously want to select the one best suited to your requirements, but in brief they are:
  • Personal Loans - loans of £7,000 to £25,000 with fixed repayments, for non-AA members
  • AA Member Loans - loans of £7,000 to £25,000 with fixed repayments, for AA members
  • Car Loans - loans of £1,000 to £25,000, for vehicle purchases
  • Small Loans - loans of £1,000 to £6,999 with fixed monthly repayments
  • Loans over £25,000 - for loans between £5,000 and £100,000

With loans of greater than £25,000, the AA partners with Freedom Finance - part of an established Europe-wide broker network, which has access to some of the UK's top lenders. As with all AA Loans, the interest rates on the larger loans are extremely competitive as compared to many other companies, and you're unlikely to find rates very much better - if at all - than those offered at the AA. Additionally, customers with county court judgements (CCJ's), arrears, or who are self-employed may also eligible to apply for these loans.

As with any type of credit or loan, you should, of course, only apply for credit which you are confident you are able to repay. Also, with secured loans, you should remember that the loan will be secured against your home or property, and that in the event you do not keep up repayments on a mortgage or any other debt secured against it, then your home may be repossessed.

Information on all The AA (Automobile Association) Products at

AA Breakdown Cover
AA Car Insurance
AA European Breakdown Cover
AA Home Insurance
AA Life Insurance
AA Motorcycle Insurance
AA Pet Insurance
AA Travel Insurance
AA Van Insurance

The AA (Automobile Association)

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