Why a same day logbook loan? Here’s why…
Why Wait? Provider of same day logbook loans
Logbook loans have until recently been one of the financial community’s best kept secrets! Whilst you may have had difficulty getting a loan from some of the more traditional financial institutions, they are unlikely to have informed you that there are other reputable – and fast – means of obtaining finance. One of these is same day logbook loans.
A logbook loan is a loan that is secured against your vehicle: car,bike, van or even classic car. The way it works is that the lender holds your logbook (vehicle registration document – V5) as security for the duration of the loan. You keep your vehicle and get to drive it as normal – no strings attached! Once the loan is repaid you get your logbook back again.
There are two main advantages of a logbook loan. The first is that because it is a secured loan, you may well be able to borrow money even if you have a bad credit history and have been turned down for credit in the past. You will still need to undergo a credit check to establish the loan is affordable, but a poor credit history would not be an issue if you can now afford the repayments. Similarly if you are self-employed or a small business owner you will be considered as long as you can afford the repayments.
The second main advantage is the speed at which you are able to get your money! Most logbook loans are same day logbook loans which literally mean that you can have your money on the very same day that you apply for it. This makes sense because once you have decided to take out a loan for whatever reason, the last thing you need is then to wait weeks until you can get the money. With a same day logbook loan you can sort out your finances today!
With same day logbook loans you can borrow between £400 to £50,000 depending on the vehicle you have and the amount you are able to repay. Up to £5,000 can even be provided as a cash loan! Repayments can be made on a weekly, fortnightly or monthly basis and there are no set up fees. We do not charge any set up fees as we are a direct lender, not a broker and you can settle at any point. All we ask is that your vehicle is taxed, MOT’d and in a roadworthy condition.
We can even lend against vehicles that still have finance on them: we can potentially look to settle this so we can help you with the money you are looking for.
To apply for a same day logbook loan with us is easy. You can enquire online, call us on 0330 400 0403, or visit your nearest Logbook Loans branch.