Use our finance calculator to get an estimate of how much you can borrow for your halal car loan. Exactly how much you borrow depends on your personal circumstances and credit rating. Our finance partners, can give you a free, no-obligation quote to help you weigh up your options.

Profit Rate stands for Annual Profit Rate. It’s the amount of profit you’ll pay yearly on the money you’ve borrowed, including the various fees that apply, so that you can accurately determine and compare the overall annual cost of your car loan agreement.

The prices we show are not guaranteed but are indicative of what is available to the majority of customers who apply for a car loan. Whether you’re approved, and on what terms, is subject to your status.

Yes! iCar Finance is well aware of the difficulty self-employed people can face when trying to get car finance. This is often because being self-employed can negatively affect your credit score. So, we have worked hard to secure lenders on its panel who are willing to accept applications from people who are self-employed.

Your credit score is used by lenders, including car finance providers to gauge how likely it is you’ll be able to make any repayments you owe. As such, people with a higher credit score are often more likely to be accepted for finance applications. Those with high credit scores can sometimes access better deals with lower interest rates, or even 0% car finance deals.

Generally, you could be considered a sub-prime borrower if you have a credit score of less than 500. Sub-prime borrowers are more likely to be rejected or face higher interest rates. Some lenders may refuse you if your credit score is very low, while others may offer you car finance but with higher rates, this is at the discretion of the lender.

We get paid a commission from our partners for listing of cars and they pay us a commission each time a customer uses a loan approved by them to purchase a vehicle. With our leasing offering, we get paid a commission each time a customer takes a lease agreement from one of our leasing providers.

You can apply for Halal car finance by completing our online application form. It’s simple and quick, taking only a few minutes to complete. You’ll need to provide the usual details, like your name and address and details of your current financial situation. We will use this information to assess which product from our panel of lenders is the best option for you.

If there’s a suitable financial product for your circumstances, and you meet the required criteria, we will send you an email to say you’ve been pre-approved. Occasionally, we may need more information from you so may send you an email or call you.

If you are 18 years old and have a minimum of 3 years of UK address history, you can apply for finance. That’s because only those over the age of 18 are legally allowed to sign a contract for finance in the UK. Lenders won’t consider people who have less than 3 years of address history, which is standard practice in the areas of finance and credit.

You can purchase any kind of vehicle using iCar Finance. Our panel of lenders can arrange finance for cars, motorcycles, vans, touring caravans and even taxis.

Applying for Halal car finance is easy. You just need to provide your personal details and some information about your current financial situation. You’ll also need to provide proof for basic ID checks, so one or more of the following may be requested from you:

• driving licence – all lenders will need to see a copy of your driving licence, it’s a basic ID check
• a selfie – some lenders also ask for a selfie. This is a basic anti-fraud measure and designed to make sure that you and the person shown in the photo on the driving licence are the same
• proof of address – another security measure is to ask you to provide proof of your address
• proof of earnings – occasionally you may be asked to provide proof of your earnings. Lenders and brokers do this so that they can carry out affordability checks

iCar Finance has provided a finance calculator to give you an idea of what you might pay but, we will only be able to give you the full answer to this question once you’ve completed the application form, and you’ve advised us of the car you want to buy. This is because how much you’ll pay will depend on:

• how much you want to borrow
• how long you want to take to pay it back
• your credit score

However, before you sign the finance agreement, you’ll be given a chance to look through the payment schedule and decide if you’re happy with it. If you’re not, you’re under no obligation to continue with the finance.

Yes, iCar Finance charges a fee of £150 for arranging your finance provider.

iCar Finance can help if you’re looking to Islamically finance a new or used vehicle. Some of our lending panel also set requirements on the car’s age and mileage. As a general rule, you’re best looking for a vehicle that is less than 10 years old and with under 100,000 miles on the clock. If you wish to buy a car that doesn’t fit this general criterion, iCar Finance may still be able to help, just give us a call.

If you find a car you want, and you’d like the dealer to take it off sale, you’ll probably have to pay them a holding fee. This should be refundable once the sale is completed however, some dealers may ask for a holding deposit or deposit, and these may not be refundable. So, make sure you know what it is you’re paying, before you hand over any cash.

Something else we will do is to check whether the car you have chosen meets the lenders criteria for full approval. This is because when you first apply for finance, you’re only pre-approved. Full approval depends on your personal circumstances and the car you want to buy meeting the specific criteria of the lender. For example, some lenders will only accept a car for finance if it’s under 10 years old, or if it has less than 100,000 miles on the clock.

Yes, it is possible for iCar Finance to help you get a new car, even if you have finance left to pay on your old one.  We understand that there could be lots of reasons why you might need to change your vehicle before your car finance payments are complete. This is especially true if you’ve taken the finance over a period of years. So, if you’d like to explore changing your car, while you’re still on finance, give us a call to see what you need to do to get the ball rolling.