What is a logbook loan?
A log book loan is a loan that can be offered to an individual based on the value of his car. As long as you are the owner of the car and you are over the age of 21 then you can usually borrow up to 75% of the value of your car. The great think about applying for a logbook loan is that the following criteria applies:
- Bad credit is ok
- There are absolutely NO CREDIT CHECKS
- You can drive in and pick up your cash the same day
- flexible repayment terms are available
As an example, if your car is worth £3000 and you have paid it off (or nearly paid it off) then you can borrow £2250 against your car and as there are no credit checks and everything is done on the day (including paying you your loan in cash on the day) the whole process is quick simple and easy to implemement.
You just need to ensure that you can put your hands on all of your documents and obviously, the log book is the most important thing to have as without it we can’t help you. So if you are interested in borrowing money with a logbook loan, get in touch with us today by completing the simple application form on the right hand side.
