LOGBOOK LOANS - GET A LOGBOOK LOAN

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Logbook loans are classed as a secured loan, but instead of being secured against a large asset such as a home, logbook loans are secured against your car. This makes more people able to take out a loan. Logbook loans allow applicants to access a loan - usually in the region of around £500 to £50,000 - which is fast and easy to obtain. Most Logbook loan lenders do not carry out credit checks, which means it is most likely applicants will be accepted. The key to taking out a Logbook loan is to pay it back as early as possible. This is because representative APR rates are often pretty high, so the quicker you pay back the loan, the less you will end up paying back. Most logbook loan lenders offer a fast online application process and applicants usually receive logbook loans quickly (around 24 hours). Below is a selection of providers of logbook loans. Make sure you read the terms and conditions thoroughly and that you are fully aware of what the risks involved are.

If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

PROVIDERTYPE

TYPE

Lender / Broker

APR

APR

A Representative APR is a financial service concept in which interest rates quoted through advertising media is required to take into account all charges associated with a product, in addition to the interest rate.

LOAN AMOUNT

LOAN AMOUNT

Total amount you can borrow

MIN TERM

MIN TERM

Minimum loan duration

MAX TERM

MAX TERM

Maximum loan duration

FEATURES

FEATURES

List of features of loan

ID REQUIRED

ID REQUIRED

List of ID required to obtain a loan

SUITABLE

SUITABLE

Who the loan is suitable for

RESTRICTIONS

RESTRICTIONS

Restrictions regarding potential borrowers

MORE INFO

Car Cash Point Logbook Loans
Car Cash Point Logbook Loans

Lender345.9%
Representative Example

Representative Example

Total amount of credit £500; Total amount payable £1,400; % APR Representative 345.90%; fixed annual interest rate 119.86%; Duration 156 weeks; instalments £14.75

£500.00 - £50,000.001 day3 yearsFeatures

Features

Credit Check: No
Instant Decision: Yes
Online Application: Yes
Secured Loan: Yes
Unsecured Loan: No
Mobile Loan: No
Debit Card: No
Bank Account: Yes
Repayable:
Extention: Not permitted

Identification

Identification

Yes we will require proof of residency, proof of employment/ income and proof of ownership of the car

Suitable For

Suitable For

Restrictions

Restrictions

You must be the legal owner of the car.

Car Cash Point Logbook Loans
Car Cash Point is UKís cheapest, fairest and quickest Logbook Loan. They are up to 90% cheaper than other short term lenders and they check the market on a daily basis to ensure they are never beaten on price and loan terms. There is no minimum period and you can settle your loan early and make overpaymenrs penalty free. Your car must be under 10 years old and free of finance. Apply now. DETAIL INFORMATION >>Terms

Terms

The vehicle must be clear or nearly clear of any finance. You must be the legal owner of the car.


Advantages

Advantages

1. No credit check required
2. Bad credit accepted
3. Homeowners and Tenants accepted
4. Guaranteed no fees
5. Flexibility Ė Settle the loan at any time and pay less interest with no exit or early repayment fees
6. Car Cash Point is a member of the Consumer Credit Trade Association
7. Same day Cash
8. Interest and Capital repayments
9. Maximum lending term 36 months


Disadvantages

Disadvantages

1. Typical 345.90 APR is high. The quicker you settle the loan you will pay less interest and Car Cash Point does not charge early repayment fees
2.Minimum lending term of 12 weeks

Easy Logbook Loans
Easy Logbook Loans

Lender190.3%
Representative Example

Representative Example

Amount of Loan £1000.00. Repayable by 12 monthly repayments of £141.67 commencing 1 month from the date of the loan. Total Amount Repayable £1700.00. Rate of Interest 70% per annum flat fixed. Representative 190.3% APR

£500.00 - £5,000.003 months2 yearsFeatures

Features

Credit Check: No
Instant Decision: No
Online Application: No
Secured Loan: No
Unsecured Loan: No
Mobile Loan: No
Debit Card: No
Bank Account: No
Repayable:
Extention:

Identification

Identification

Yes, full identification required.

Suitable For

Suitable For

Anyone who owns their car outright.

Restrictions

Restrictions

1. Car must be less than 10 years old.
2. You must be over 18 years old.

Easy Logbook Loans
National and direct logbook loan lender offering same day cash loans from £500 to £15,000. No credit check and no fees. Easy Logbook Loans has a relatively low APR and the advantage of this system is that if you have a poor credit rating you are unlikely to have a problem. However, please make sure that your read the terms and conditions of these loans carefully before you apply. Before you apply for a logbook loan please make sure that you read the terms and conditions carefully to ensure that you fully understand how the loan works. DETAIL INFORMATION >>Terms

Terms

Car must be less than 10 years old. We usually lend 50% of loan value


Advantages

Advantages

1.Quick cash.
2.No credit checks.
3.Suitable for self-employed.


Disadvantages

Disadvantages

Loan secured against car by Bill of Sale.

If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

Compare Logbook Loans

If you have bad credit but own a car you could obtain a logbook loan

What is a logbook loan?

If you are looking for a loan and you have bad credit then you may want to consider a logbook loan. essentially a logbook loan releases the equity of your vehicle. However, these loans are not cheap so if you have a good credit rating there are better ways to borrow money.

How can I get a logbook loan?

However, if you have bad credit and own a car a logbook loan should enable you to borrow money. Usually the car must be under ten years old and you can borrow up to 50% of its value although this may vary.

In order to obtain a logbook loan you must find a lender whose terms and conditions you agree with and you will hand over your logbook to them and they will lend you the money you need. You can keep your car while you borrow the money but if you default on any payments then you risk losing your vehicle.

Compare Logbook Loans

If you are sure that a logbook loan is the bad credit loan option you are looking for then make sure that you compare different companies. They all offer different rates of interests and their terms and conditions vary. The representative APR will give you a good idea of how expensive the logbook loan is. However, calculate exactly how much you want to borrow and what you will have to pay back and when. If you cannot afford the loan donít get it as you will lose your car if you default or suffer hefty penalty fees making the loan more expensive.

Seek Advice

As with any loan it is worth seeking expert financial advice before taking out a logbook loan which could cost a lot of money. Read all terms and conditions thoroughly so that you know what you are getting into.

Assess your vehicle and its value

Before you are able to start to get logbook loan quotes you must assess the value of your vehicle so you know the trade in value. Most lenders or logbook loan providers will lend you up to 50% of the value of your vehicle. Effectively, this means you will be able to borrow up to half the value of your vehicle and no more. Ensure you look out for any terms and conditions regarding the type of vehicle logbook loan providers will accept. There might also be restrictions on the type of vehicle.

Watch out: Logbook loans can be an expensive way to borrow so ensure you are fully aware of the fees and charges associated with this type of loan. Always ensure you seek independent financial advice if you are in any doubt.

LOGBOOK LOANS - LATEST NEWS News and Charts

V5 Solutions

23 August 2012 11:00am
Which Way to Pay

Looking for a logbook loan? Now available for you to compare V5 Solutions provides same day short term loans from £400-£50,000 secured against your vehicle.

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What Are The Risks Of Logbook Loans?

31 July 2012 17:00
Lucy Williams

A logbook loan is another form of a secured loan but in this case if you need a loan it can be secured against your car.

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Logbook Loans 247

16 April 2012 15:00
Which Way to Pay

Looking for a logbook loan? Logbook Loans 247 are now listed on our logbook loan comparison tables. You can borrow between £500 - £50,000.

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Need Some Cash Fast? Get a Logbook Loan Now!

24 November 2011
Which Way to Pay

Most of us have been in need of a bit of extra cash at some point. But we often donít want to take out a loan because of the high interest rates that go with unsecured loans. If you have a car, then a logbook loan could be what youíre looking for.

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Get a Logbook Loan Today!

27 October 2011
Which Way to Pay

If you need some money but donít want to pay high interest rates on unsecured loans, then a logbook loan could be the answer. With a logbook loan you can borrow from around £500 to £50,000, the amount secured against your car instead of your home or any other asset.

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