Borrow from £100 to £25,000
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From £1,000 to £25,000
Rates from 5.7% to 278%
3-36 month repayment
Borrow up to £3,000
Rates from 278% to 1576%
3-12 month repayment
Representative example: £500 borrowed for 5 months. Total amount repayable is £991.85 in 5 monthly instalments of £198.37. Interest charged is £491.85, interest rate 236.1% pa (variable). Representative 481.6% APR.
Logbook Loans Cities
In need of a loan that won’t judge your application based on your credit history? Or a loan that can provide you with enough money to deal with big expenses? A loan that is transparent and reliable? If you are, then you might want to look into logbook loans in different cities in the United Kingdom.
Logbook loans everywhere in the UK
Plenty of people in the UK disregard logbook loans as a means of viable funding because they think they are already discontinued. Nothing can be far from the truth. As a matter of fact, there are numerous logbook loans cities in the UK that can provide you with large amounts of cash for longer payment terms. Majority of short-term loans offer a lot less money than logbook loans and getting approved can be easy as long as you have a vehicle that you can comfortably offer as security to your loan deal. Now if you’re looking to enjoy significant funding no matter where you are in the UK, then a logbook loan is something that you can consider.
Securing reliable funding through your vehicle
The primary reason why taking out a logbook loan in the UK is easy is because there is a viable physical item that serves as collateral for the loan deal. In the case of a logbook loan, it would be a borrower’s vehicle. The vehicle doesn’t need to be brand new and can be considered as security for a logbook loan as long as it’s not more than 10 years old. To apply simply:
- Search online for potential logbook loans cities and lenders. This allows you to apply for multiple lenders and helps you land the best deal possible. And no need to worry about applying online – its completely safe and secured and lenders operating on the internet are still regulated by industry standards.
- Once you are approved, you can use the money for just about any purpose you can think about. You can even use your loan to deal with another vehicle that requires urgent repairs. You can also use it to pay off high-interest rate loans as a viable debt consolidation loan. This helps you save a lot of money in the long run since your logbook loan may have a lesser interest rate compared to your more expensive existing debts.
Important things to consider
The most important thing that you need to consider is to always pay off the loan in the agreed terms and conditions. If you default from your loan, your logbook loan lender has the legal right to take possession of your vehicle and sell it to recover the money that you owe them. This is the part where people say that logbook loans are problematic, but any other type of loan will have corresponding consequences if you fail to pay them off. And the reality is no logbook loan company would really want to go through the trouble of trying to sell your car, which is most likely not in the best mechanical condition. Simply put, it would be better to pay off the loan on time to avoid any complications whatsoever.
What if I can’t keep up my repayments?
If you can’t keep up with your repayments you must contact your moneylender immediately and advise your struggling with the monthly installments some companies will adjust your monthly installments to reflect what you can afford to pay back on a monthly basis please note that this can also extend your term of the agreement and probably the amount of interest that you end up paying back. You’re never advised to just stop paying your agreement as this may result in interest being charged on the agreement and missed payments showing on your file this could make obtaining further down the line a lot more difficult.
What do i do next?
Next is the fun bit you need to click on the apply button and fill out our simple online form designed to make sure the whole application as smooth and pain free as possible. The whole application process from start to finished shouldnt take you longer that 3 minutes its as simple as you can get.
*Subject to lender approval and requirements.