Logbook Loans are a convenient way of borrowing money where you use your car or vehicle as security. Using your car as security allows you to get a better interest rate compared to some other forms of credit.
Loans are secured against cars or vehicles using a document called “bill of sale”. A bill of sale allows you to keep possession of your car while you repay the loan and we simply keep hold of the cars logbook. To be eligible you must own the car and be the “registered keeper” on the logbook. The amount you will be able to borrow will be dictated by how much you can comfortably afford to repay each month. The value of the vehicle being used as security also affects the amount you can borrow.
Benefits of Logbook Loans
No credit checks, so even if you have bad credit, logbook loans maybe the answer to your financial troubles.
We make sure your monthly repayments are affordable and that our terms are flexible to your needs.
Flexible repayment terms, you can pay the loan within 12 to 36 months which means you can tailor according to your budget.
You can borrow anywhere from £500 to £50,000 or up to 70% of your cars official Trade Value.
The vehicle can continue to be driven with the loan attached to it, as long as you make the monthly payments.
You can receive your loan the same day you apply.