How It Works
How do logbook loans work?
- A logbook loan is secured on your vehicle
- There is no credit check, so people with bad credit can apply
- Borrow from £200 to £50,000 depending on the value of your car
- All vehicles considered including cars, vans, bikes, lorries, caravans
- You keep your car and drive it as normal
- The lender holds onto your V5 logbook until you repay the loan
- Loans can be issued in under 24 hours
- Cash is paid out on the same day you sign the loan agreement
- Repayments can be spread out between 1 month and 3 years
- Applications are kept confidential between lender and vehicle owner
How do I apply?
- Get an instant online decision if you qualify in principle
- Compare the logbook loan UK lenders to find the best deal
- Apply online at the lender’s own website in under 1 minute
- The lender calls you back today to agree terms
- You decide on how much you want to borrow and choose the repayment schedule
- You either visit a branch or request a home visit
- You sign the loan agreement and exchange documents
- Get your cash and keep your car
What documents do I need?
- The vehicle’s V5 logbook
- MOT certificate
- Insurance documents
- Drivers License or Passport
- Evidence of income
- Proof of address
How do I make repayments?
- Repay over as little as 1 month or as much as 3 years
- Choose to pay in weekly or monthly installments
- Pay by standing order, bank transfer, credit or debit card over the telephone, cheque or cash
- There are discounts available for early settlement
Find out if you qualify for a logbook loan.
Compare logbook loans and apply online for an instant decision.
Disclaimer: A logbook loan is secured on your vehicle. Your vehicle is at risk if you do not keep up with repayments. CompareLogbookLoans.co.uk is not a lender and does not give financial advice. All loans are issued by third parties.