8:55 AM Log book loan | ||||
#log book loan # Here's our full FAQ:Any other queries? FAQs - answers to all your questions. A logbook loan is where you borrow money against the value of your car. The loan is secured on the registration (logbook) documents of your car. You get to keep and drive your car as normal and your documents are returned when the loan has been repaid. Anything you want! Generally speaking most loans available today are offered for virtually any purpose. This depends on the value of your car but is usually no less than 200 and no more than 25,000. The process is simple, once you complete the initial online application form: 1. The value of your car is assessed as part of the application process. 2. The amount you can borrow will depend on the value of your car. 3. We inform you of your weekly or monthly repayments. 4. We will arrange to meet you at home or a local branch. 5. The car's documents are checked. 6. The car's condition is checked. 7. If you informed us when valuing your car of any faults or body damage etc, they will not be a problem. 8. Your ID documents are checked to make sure you are who you say you are and live where you say you live! 9. When all the above is in order we can release the payment immediately! We do not charge any fees to you for our services. If a broker arranges your loan they may charge a fee which is normally added to the loan amount. Interest payments vary but in general they are much lower than thos of payday loans and other similar short term loans. When you make an application you will be presented on the representative and actual APR for the loan you have applied for. Yes! The loan is based on your ability to pay and the value of your car. This means no credit check is required so even if you have ccjs, defaults or other bad credit markers this won't affect your acceptance for the loan. No. It does not matter what your housing status is, log book loans are availble for to anyone with a permanent address in the UK. Unfortunately if you are a Scottish or Northern Ireland resident you will not qualify for a logbook loan. Debit cards nor even bank accounts are a requirement for taking out a log book loan. As long as you are living and working in the UK and your documents prove as much this will not be a problem.
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