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Logbook Loans have been in existence for over 8 years and currently manage in excess of 10 million pounds
worth of loans for its customer base. Logbook loans are the UK's original and first supplier of the type of loans that
are now called logbook loans. They service the whole of the UK and thousands of customers are benefitting from their
straight forward transparent lending model.
Logbook Loans offer a loan which is secured against the value of a
vehicle using the log book. This could be a car, van, motorbike or anything which has a logbook!
All loan
applications with logbook loans need to have genuine contact details and must own a car that is registered in 2001
or later, and is free of finance. (Vehicles registered in 1999 and 2000 whose value exceeds £1,200
will however be accepted assuming all other criteria are met.)
When you apply for a logbook loan no credit
checks are taken out as the loan is being secured against the value of your vehicle.
Logbook loan applicants can
borrow anywhere from £500 to £50,000 which is dependent on the value of the vehicle which is based on The
Glass’s Guide valuation.
The standard logbook loan term is 78 weeks; however customers can choose to
settle their loan early without any penalties.
The Logbook Loans APR reflects the fact that the applicant does
not have to pass a credit check and is not subject to any other qualifying criteria such as employment or income details.
This needs to be considered when making a comparison against other loan products.
Logbook Loans are able to make
cash available within 24 hours!
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