Logbook Loans – What’s The Big Idea?
Logbook loans are different from the normal secured loans in the UK, because they are in reality, bad credit secured loans, that is, they are available to people with a less than perfect credit rating.
That’s right - no credit check is done on the person borrowing a logbook loan. All that’s required by bad credit lenders who offer log book loans are that you own a motor vehicle that is free of finance and less than eight years old.
Applying for a logbook loan is very straightforward and easy. In fact, most logbook lenders offer you the ability to apply online without the need to go through a lengthy process of filling in paperwork and visiting an office, and the loan is typically available in 24 hours. Once you complete the form online, you will be contacted by your own customer service representative by phone to confirm your details. That’s really all there is to it – quick, simple and easy!
Try a log book loan today Logbook loans UK
| 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 |