FAQS

Who can apply for such a loan?

Are you 18 years or older? Do you live in the UK and you’re a vehicle owner willing to secure your loan against said vehicle, then a logbook loan is available for you.

If I have a history of ccj or default, can I still apply?

If you worry that previous ccj’s or defaults will hamper your loan application, you don’t have to stress. Because logbook loans are offered to cater to borrowers with bad credit, you can still apply even with a history of ccj’s or defaults.

How much can I borrow?

We offer loans from £500 up to £25,000. You can apply for a loan that falls within the aforementioned loan offer range. The maximum amount you can borrow will be dependent on your income and your vehicle’s official trade value.

What are the specific requirements when it comes to this type of loan?

To apply for a logbook loan deal, you need to meet the basic requirements of age, residency and vehicle ownership. You also need to provide essential documents including your identification documents, a document that can prove your address and finally, a letter from your employer showing that you are indeed employed. With respect to vehicle ownership, you need to provide your logbook document, MOT certificate, and insurance.

Are your logbook loans really cheaper than others?

Yes, our products are offered at more competitive rates thanks to our partnerships with the best suppliers and providers in the market. Since we also operate online, we don’t have to worry about overhead operation costs.

What vehicles are used as security for these loans?

We accept all vehicles as long as it is registered under your name and it’s ideally not more than 10 years old.

What if my car is attached to a financing plan?

Your vehicle should be fully paid off to be accepted as collateral. But we welcome you to apply anyway. We’ll consider your application and assess your vehicle accordingly.

Do I need to be employed to be able to apply for a logbook loan?

Fully employed borrowers can expect faster loan approval for the reason that we can easily prove your financial capability to repay the loan. If you are self-employed, you can still apply provided that you can show proof of steady income per month.

Do you have a high approval rate?

Yes, we are among the few leading names in the market with a high approval rate. When you decide to let us help you, we can guarantee 99% approval to all applicants provided that you meet the eligibility criteria. But more importantly, if you can prove you can repay the loan without trouble, you can expect your application to be as good as approved.

How do repayments work?

You have two options. One is manually through our numerous accredited payment centres. And another option is automatically a debit that comes off your account, which we highly recommended. Automatic debit deduction of your monthly payments will guarantee that you never delay or miss your monthly payments.

And if I miss a payment?

If you delay with payments, you are likely to incur late repayment fees. If you miss several monthly repayments, you risk vehicle repossession. Your loan provider will give you ample time to catch up with your schedule. If you still fail to do so, then you can’t stop vehicle repossession.