What you must know about Logbook Loans

  1. You get your money fast, without wasting hours doing paperwork. Logbook Loans are the fastest means to get cash and there are no credit checks involved. All you need to do is fill a simple form or contact us via phone. A lot of people decide to use Logbook Loan because of how easy and quick the whole loan process is.
  2. You choose the amount of money you want to borrow. You can borrow any amount you want up to half of your vehicle’s worth.
  3. Three requirements to apply for a loan
    1. You need to have at least 18 years.
    2. You need to be UK resident
    3. You need to have a vehicle registered under your name

If you meet these requirements you can apply for a Logbook Loan.

  1. Make sure you can meet the payment due dates. If you don’t pay on time, the lender has the right to sell your car since they have the V5 document. This is not the loan you are looking for if you are investing in something risky.
  2. The term of the loan depends on the interest rate, the amount you have borrowed and your ability to pay. You should make sure you agree with the terms that the lender offers before agreeing. If you want to calculate and compare the APR’s among UK’s best logbook lenders, check this Payday loans website.
  3. You will have the money within 24 hours from the minute you finalize the deal with the lender.
  4. You can choose the repayment terms. Depending on the amount and your preference, you can choose the repayment terms. The Logbook Loan in general runs for 18 months but you can change the term. There are many lenders that offer terms up to few years in order to allow flexibility.
  5. There are no restrictions. You can use the money for anything you want. We stay behind you 100% so if you want to travel, buy something you have wanted for a very long time or watch your favorite sport team, you can spend the money for that purpose. As long as you meet the 3 requirements, you can get the loan and spend the money the way you want to.