Balloon Payment Finance

Get an instant, online decision on balloon finance with an initial soft search to apply. All circumstances welcome.

Rates from 9.9% APR.
Representative APR 13.9%

Silver car with colourful leaves for fast car finance
Part of Evolution Funding, the UK’s largest motor finance and technology provider.
Part of Evolution Funding, the UK’s largest motor finance and technology provider.
My Credit Rating


  • You are a home owner
  • You have been on the electoral role for a long period of time
  • You have current credit arrangements and mortgage with no defaults
  • You have no CCJs, credit arrears or missed payments
  • You rarely apply for credit
  • You are employed or self-employed


  • You are on the electoral role
  • You are a home owner or long standing tenant
  • You have a stable employment history
  • You have current credit arrangements with occasional missed payments
  • You have no CCJs


  • You are or have recently been on the electoral role
  • You may have recently changed address
  • You may have occasional missed payments
  • You may have an old CCJ
  • You may have regularly applied for credit


  • You may have had frequent changes in address
  • You may not be traceable on the voters roll
  • You may have exceeded credit card limits
  • You may have missed payments on current agreements
  • You may have had a CCJ in the past


  • You may not be traceable on the voters roll
  • Your credit cards are over their limits
  • You have recent CCJs
  • You may have been refused credit elsewhere
  • You may be in a debt management plan

X monthly repayments of

Typical rate

Loan amount

Total payable




*for illustration purposes only

No impact on your credit score*

Representative Example

Borrowing £7,500 at a representative APR of 12.4%, annual interest rate (fixed) 12.36%, 47 monthly payments of £196.44 followed by 1 payment of £206.44 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £1,939.12, total amount payable is £9,439.12.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Please ensure you can afford the repayments for the duration of the loan before entering into a credit agreement.

*Initial application is a soft search. Should you progress, some lenders may perform a hard search on your credit file.
White Audi bought with Balloon payment

Looking to refinance the balloon payment on your car?

A balloon payment on a car is the final lump sum that is due at the end of a PCP or lease agreement. Once you have paid this lump sum to the lender, the car then belongs to you. 

However, this lump sum may be more than you can afford in cash. One option is to refinance your balloon payment. This allows you to break the lump sum down into manageable monthly payments. The beauty of this is you won’t need to use your cash savings to become the proud owner of the car you’ve been paying off!

My Car Credit has a large panel of lenders, specialising across all credit profiles. Start by using our free balloon payment calculator to work out your expected monthly payments, rate of interest and total amount payable. 

Whatever your circumstances, you can apply for balloon payment finance. We’ll give you an instant, online decision on balloon finance.This is initially a soft search to apply, meaning that you can shop for balloon refinance without impacting on your credit score. Just bear in mind that should you progress, some lenders may perform a hard search on your credit file.

Quick, transparent, helpful and a great deal on finance for someone with a poor/fair credit rating. I highly recommend giving these guys a call - saved me over £100pm versus other finance companies.
Mr Smith
12th Dec 2019
I had an amazing experience with this company. After being refused elsewhere and feeling down, this company was like a breath of fresh air. The customer service was second to none. Got everything done promptly with no hassle. Definitely recommend.
28th Sep 2019
They were really quick sorting everything out and getting back to me. The process was made so easy and when I was contacted by staff they were all so kind and honest. Would highly recommend them!
31st Mar 2020
I had the most easy experience with My Car Credit. They helped me all the way through, giving me all the information I needed, answered all my questions and made me feel at ease.
6th Mar 2020
If there was the option to offer more stars, I would! Phenomenal service. Cannot recommend enough. Thank you My Car Credit!!
13th Feb 2020
Really happy with my experience dealing with My Car Credit. I had a tight deadline to get the funding sorted, and they were able to get it done for me really quickly.
2nd Mar 2020

Broad panel of trusted car finance lenders

Being part of the UK’s largest motor finance broker, Evolution Funding, we have access to the largest panel of car loan companies. This increases our chances of finding you a car finance deal suitable for your circumstances.

Require more help?

Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!