FAQs

Who can apply for a logbook loan?

Anyone who is at least 18 years old who lives in the UK and who owns a vehicle can apply for a logbook loan. You must also provide proof of income to get approved fast.

What do I need to prepare to avail a logbook loan?

To ensure that loan processing is faster, you need to prepare basic documents such as proof of identification, billing address and proof of income prior to application. You’ll also need to have your vehicle’s logbook document and MOT certificate on hand.

How fast do you approve loan applications?

We can approve loan applications in as fast as 24 hours provided that you meet the requirements and you have the requirements on hand.

How much can I borrow?

With logbook loans, you can borrow from £500 up to £25,000 at repayment terms from 6 months up to 36 months. The maximum amount a lender can offer a borrower will depend on two main factors, which are your income and your vehicle’s official trade value.

What type of vehicles do you accept for collateral?

We accept all types of vehicles provided that said vehicle is less than ten years old and it’s also free of any financing plan. The vehicle must be registered under your name.

Do you run credit checks?

Just like other logbook loan providers, we don’t run credit checks. Instead we welcome borrowers with bad credit. If you’ve been struggling to get a loan because of bad credit, we are here to ensure that you can avail a logbook loan in as fast as within 24 hours.

Do I need to be employed to be eligible?

We require borrowers to be employed with proof of sufficient income to be eligible for a logbook loan. If you’re self-employed with a steady steam of income, you are welcome to apply too. We’ll assess your financial situation and go from there.

How much is the interest rate?

The interest rates vary from deal to deal but on average we offer logbook loan deals with rep APR below the market average. With the help of our partners, we are able to promise our customers cheaper logbook loans available in the market today.

Do you have hidden fees?

We have a number of fees associated with our logbook loan offers. All these fees are disclosed and explained in details prior to your loan application approval. To know more about these fees, borrowers are recommended to read the small friend or call our customer service hotline.

Can I still recover my car after it was repossessed?

If your car was repossessed because of nonpayment, you can still recover it if you update your payments within the allotted grace period. Just call customer or visit one of our branches to make payment arrangement plans.