Logbook loans: Use your logbook to help you manage your debt
Are you going through with financial dilemma? Need a large loan quickly? Then you could use the logbook of your vehicle to help you manage your current debt problems.
Logbook loans are loans that are secured against the logbook of your vehicle. The lender keeps the logbook until the loan amount has been repaid in full.
Using your logbook as security will not cause any disruption to your normal routine of car use; you can simply carry on driving your car as usual. The loan amount that you can receive with these loans can vary from £500 to £50,000 over a period of 5 to 7 years. You may use the loan amount for your own personal needs, such as debt consolidation or even to buy of a new car etc.
Log book loans have certain prerequisites in order to get approved, which are as stated below:
- The car should be on your name.
- The car must be less than 8 years old.
- You must be in full time employment and have a regular income.
- There should be no finance on your car.
- The car should be fully taxed and insured.
The easiest method to get a loan is online. No need to leave the comfort of your home. Completing a single online loan application with few personal details is all that is required. After that, you can just sit back and leave the rest of the work to lenders. The loan will get transferred into your bank account within 24 hours.
Car logbook loans are available even for those who have a bad credit history of payment defaults, CCJ and arrears. Loans are approved even if you have a bad credit rating.
Get easy finance today, by applying for a logbook loan .
| 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 |