V5 logbook lending
Logbook loans are one of the most popular means of freeing extra money with minimal hassle or hoops to jump through. Unlike unsecured loans they are a viable option for those carrying bad credit history, CCJs and arrears as all credit history is considered.
A logbook loan can provide you with up to 80% of the value of your car, and because all credit history is considered you can receive the money much more quickly than a traditional loan request, in fact the money can sometimes be in your account within 24 hours of application.
As the name suggests, logbook loans are provided with your vehicle's V5 document as security. So long as you are the registered owner of the car, and there is no outstanding finance on the vehicle (though a small amount of finance is considered) you should be eligible for a loan.
One of the key benefits of a logbook loan is that you can pay the loan back sooner to help save money overall. So if you're concerned about the APR rate then remember you will pay significantly less money if you pay the loan off sooner.
It's the perfect way to find out if a logbook loan is the right solution for your lending needs, and since the information given is completely obligation-free there's no risk involved or commitment necessary on your behalf. Why not find out?
Your car's V5 document is the key to such hassle-free money lending. By borrowing money against this document you avoid all the pitfalls of traditional lending methods such as unsecured lending. This is how logbook loans can provide the following key benefits:
How much can be loaned? Depending on the value of your car, the amount borrowed can be anywhere between £250 to £50,000. Typically Logbook Loans sees amounts up to 80% of your cars worth.
We are a lead generator, and receive a commission for introducing customers to FCA authorised and regulated lenders and brokers. No advice is given or implied on this website. Our service is free and you are under no obligation to accept any quotes you receive. When taking out a logbook loan, the logbook is held and owned by the lender until the loan is re-paid.
All loans granted subject to affordability. Proof of income will be required. A Log Book loan is secured against your vehicle, which may be repossessed if you do not make payment. Late or missed payments may incur a charge for chasing letters and telephone calls. Lenders abide by the CCTA voluntary Code of Practice. We do not have a renewal policy.
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