How Do Logbook Loans Work?

In simple terms:

  • You keep your car, and you receive your cash loan!
  • We hold your log book (V5), until the loan's repaid.

How to apply in 4 simple steps:

  1. Apply instantly, by completing our quick and easy form >
  2. If you qualify we'll call you to discuss your needs and agree terms.
  3. We'll meet with you to complete the paperwork at a time and place to suit you.
  4. You'll receive your cheque or even cash straight away.

Do you qualify for a log book loan?

  • Your vehicle should ideally be less than 8 years* old.
  • Your vehicle should be clear of any finance.
  • Your vehicle must be insured, taxed and have an MOT.
  • You can demonstrate a regular income.
  • You must be the legal owner of the vehicle.

* Applications for classic cars and prestige cars over 8 years old are welcome.

Frequently Asked Questions

How much can I borrow?

You can borrow from £500 to £50,000, based on the value of your vehicle. You can even apply if you have a bad credit history, you're self-employed, or you're bankrupt.

No Credit Check

A no credit check loan will appeal to anyone who may have had problems obtaining credit in the past and who do not wish to have their credit file accessed which can potentially harm their credit rating.

Fast Cash Loan

Logbook Loans are able to make cash available within 24 hours of the customer’s application. It is entirely possible that a customer can apply for a loan in the morning and receive the cash as cleared funds into their account the same day!

Flexible Loan Period

You'll be set up with instalment payments; the standard loan term is 78 weeks; however many customers pay back their loan within 40 weeks.

Responsible Lending

Logbook Loans operates with a transparent and responsible attitude to lending and has strict guidelines to ensure customers are clearly aware of the terms and conditions including the repayment charges. An affordability check requires customers to complete an income and expenditure form to ensure customers can afford the loan. In the event of a customer not being able to repay a loan, Logbook Loans will work with them to agree to an alternative repayment plan to meet their loan obligations.