Logbook Loans - Unlock the Cash in your Car Today
Did you know that you can not only use your car for driving, but you can use it to get a loan as well? The good news is that you can now take a loan against your car, in the form of a fast and flexible logbook loan. Logbook loans can give you quick cash when you need it most, because there is quick approval and even if you have a poor credit rating it’s not a problem.
Logbooks loans are essentially loans where all you have to do is to offer the car’s logbook as security to the lender. What this means for you, is that you can receive a cash loan within 24 hours and carry on the driving your car as usual. The amount of the log book loan that will be approved depends on the value of the car, less the amount owed on the car. Usually lenders approve anything from £500 to £50,000.
For a car owner, logbook loans are the better choice if he has bad credit, because loans are approved without any credit checks and people too poor credit are approved without any hassle. Before applying to a logbook lender, the loan applicant should ensure that they meet certain requirements.
Although you can apply for loans from various lending institutions, for speedy approval of a logbook loan, it’s better to apply to a lender online. What makes log book loans different?
- Fast: Apply online and receive your money today
- Easy: No credit checks and you keep your car
- Confidential: Your information is never shared and a call back can be made at the time of your choosing
| Representative Example | |||||
|---|---|---|---|---|---|
| Total Amount Of Credit | Total Amount Payable | %APR Representative | Fixed Annual Interest Rate | Duration | Instalments |
| £1,150 | £3317.34 | 478.3% | 125.64% | 78 weeks | 78 x £42.53 |