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V5 logbook loans
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450.5% APR Representative
Our Lending Partners Representative Example: if you borrow £850 over 18 months at a flat rate of 132% per annum (fixed) with a representative 450.5% APR you will make 17 monthly payments of £140.72 and 1 payment of £140.76, repaying £2,533.00 in total.
However, our lending partners only charge interest monthly and do not penalise you for early settlement.
If you repaid the loan in one month it would cost you just £93.50 and nothing more.
Logbook loans are secured against your vehicle and are subject to affordability. Missed payments may result in additional fees and/or the repossession of your vehicle. Over 18s only, T&Cs apply.
If you're thinking about taking out a logbook loan, but would like a little more information, the frequently asked questions we have compiled on this page may help. For more free expert advice fill in the form above or give us a free call!
Logbook Loaningsm is an informational website that conveniently puts you directly in touch with a leading UK Logbook Loan provider.
No. We do not provide quotations. We act as an intermediary between the visitor and the loan provider. Therefore we have absolutely no involvement in any loans that are agreed between the visitor and the loan provider.
No. Our sole aim is to introduce potential customers to the provider of the loans. Once the introduction is made, our involvement in the process terminates. We cannot, and are not qualified to provide any information or guidance regarding the loan itself.
Most vehicles are eligible for a logbook loan, however age and value will affect the amount that can be borrowed. To find our simply choose your vehicle make and model on the quote form, or choose 'other' if you can't see your vehicle on the list.
The enquiry process literally takes less than a minute. All you have to do is complete our simple quote form with a few details about your car and some contact details. The logbook loan provider then aims to contact you immediately if the enquiry is made within opening times.
The only way in which an accurate, bespoke loan amount can be delivered is direct via the telephone at a time that's convenient to you.
The answer to this question depends on the current value of your vehicle. Typically you can borrow up to 80% of the car value, which can be anything from £250 to £50,000.
You qualify for a logbook loan if you are over 18 years of age and are the legal owner of the vehicle you wish to loan against.
If you're self-employed then getting a loan can be even more difficult. Logbook loans could be more sympathetic to such situations so why not enquire online and find out if you can borrow the money you need?
Not necessarily. As you submit your V5 document as security, it doesn't always matter if you have bad credit history, you may still qualify for a loan subject to eligibility and affordability.
Loans are usually paid out as a cheque, which can then be cashed at an agent store (for a small fee), so it doesn't matter if you don't have a credit card or even a bank account.
It's easy. Just complete our 30 second quote form and you will then receive a callback from a logbook loan lender at a time that's convenient to you. Having discussed and agreed on the details you just need to drop off your logbook at the nearest branch to get your loan.
Circumstances will vary but in ideal circumstances you should be able to organise your money very quickly.
You'll need to bring your V5 logbook document, your insurance certificate and a current MOT certificate in order to get your logbook loan. You will also need to bring proof of income to prove that you can afford any repayments.
More than likely. The lender we deliver your request to operates across the whole of the UK. Once you've made contact, they can advise you of the nearest branch to you for your convenience.
A standard term for repayment is 12 months however there are 18 and 36 month repayment options available if preferred.
The repayment process will be explained fully during the application, though typically it is on a weekly or monthly basis by means of a standing order, over the phone or via the Post Office.
You should contact the logbook lender the moment you realise you cannot make the next payment. It might be the case that a temporary payment plan can be put in place.
Please note the answers on this page are for informational purposes only and may differ from the answers given by the logbook loan merchant. You should ask all questions you may have direct to the logbook loan provider.
© 2018 - Logbook Loaning SM
www.logbookloaning.com are a broker and not a lender who refer customers to other brokers or lenders that are authorised and regulated by the Financial Conduct Authority. When taking out a logbook loan, the logbook is held and owned by the lender until the loan is re-paid. All loans granted subject to affordability. Proof of income will be required. A Log Book loan is secured against your vehicle, which may be repossessed if you do not make payment. Late or missed payments may incur a charge for chasing letters and telephone calls. Lenders abide by the CCTA voluntary Code of Practice. We do not have a renewal policy.
www.logbookloaning.com is a trading style of Advantage Leads Limited. Authorised and Regulated by the Financial Conduct Authority: 652937. Registered Address: 94-96 Saltergate, Chesterfield S40 1LG. Opening hours: Mon-Fri 9am to 8pm, Sat 9am to 5pm.