Representative APR Range
Representative example: if you borrow £1,000 over 12 months at a flat rate of 42.6% per annum (fixed) with a representative 99.7% APR you will make 12 monthly payments of £118.83 and repay £1,425.96 .
What are logbook loans?
Logbook loans are one of the fastest types of loans available in the UK. They allow you to borrow money using your vehicle as security against your loan. The vehicle could be a car, van, truck, motorbike or a motor home; essentially any motor vehicle which has a logbook. You still own and drive your car. As the process is very simple, you could be driving away with your money in less than an hour.
- Money On The Same Day
- Borrow For Any Purpose
- Bad Credit , CCJs
- Self-Employed Considered
- You Keep Driving The Vehicle
Refused a loan?
If you're having trouble getting the credit you need from the usual sources such as banks, due to your credit history, this could be an ideal solution. Your loan is secured against the value of your car. This means that even if you have a bad credit history, CCJs, Arrears, Defaults , you could still get a loan. All you need to prove is that the car is yours and that your car is free or nearly free of any finance on it.
LoansLogbook.com is not a lender and does not provide short-term loans but refers consumers to lenders who may provide such loans. LoansLogbook.com is unable to supply you with an exact APR (Annual Percentage Rate) that you will be charged if you are approved for a loan. APRs vary according to the information supplied by you in your loan request and your lender. You will be given the APR, loan fees, and other terms by your lender when you are redirected to your loan agreement in the loan request process.
YOU MAY INCUR EXTRA CHARGES, IMPAIR YOUR CREDIT RATING AND HAVE YOUR CAR REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A LOAN SECURED ON IT
Implications of Non-Payment and other Considerations
We would like to remind you that LoansLogbook.com is not a lender and LoansLogbook.com does not charge any fees for its services. Every lender in the LoansLogbook.com network provides the consumer with specific terms, conditions, and practices prior to the consumer's acceptance of the loan. We recommend that you carefully review the terms and conditions of any loan offer presented to you. For further details about the above considerations see our Rates & Fees page.
Implications of Non-Payment, Late Payment, or Partial Payment
When you accept the terms and conditions for a loan offer, you are agreeing to pay back the loan principal and finance charges in the amount of time shown in the documents supplied by your lender. Additional fees or charges by your lender may apply in the event that you are unable to repay your loan in full or if you make a late payment. LoansLogbook.com cannot predict the amount of the fees or charges that you will incur as a result of non-payment, late payment, or partial payment. LoansLogbook.com has no control of knowledge of the loan details between you and your lender. Please refer to the late payment, partial payment, and non-payment policies detailed in the loan documents provided by your lender. LoansLogbook.com does make an effort to work only with reputable lenders dedicated to pursuing collections of past due accounts in a fair and reasonable manner.
Fees and Interest
If approved for a loan, your lender will present you with the exact fees and interest rate of your loan prior to your acceptance of the loan. LoansLogbook.com is not a lender and cannot predict the exact fees and interest of the loan option presented to you. You are under no obligation to accept the terms presented to you by the lender.
Credit Score Impact
LoansLogbook.com does not make credit decisions nor does LoansLogbook.com conduct a credit inquiry on consumers. Some lenders on the LoansLogbook.com network may conduct a non-traditional credit check in order to determine your eligibility for a loan. Lenders typically do not conduct a credit inquiry with the three major credit bureaus: Transunion, Experian, or Equifax. Ultimately, your credit score may or may not be affected by the actions of a particular lender. If you do not repay your loan on time your lender may report this delinquency to one or more credit bureaus, which could have a negative impact on your credit score. We encourage consumers with credit problems to consult a Credit Counseling company.
Renewal Policy Information
Renewal policies are determined by the lender, not by us, so they will vary. Be aware that some lenders may not debit your account for the full amount of the loan which may result in additional fees and a renewed loan. Make sure you read the renewal policy carefully and make your wishes clear to the lender.
LoansLogbook.com is not a lender and LoansLogbook.com does not engage in debt collection practices. Your lenders' collection practices will be disclosed to you in the loan documents. If you are unsure of the collection practices used by a specific lender we recommend that you discuss this issue with your lender directly. LoansLogbook.com makes reasonable efforts to only work with established, reputable lenders who pursue collections of past due accounts with fair conduct.
About logbook loans
LoansLogbook.com does not directly offer any financial products, but refers customers to companies that are authorised and regulated by the Financial Conduct Authority.
All loans granted subject to affordability. Proof of income will be required. A Logbook Loan is secured against your vehicle, which may be repossessed if you do not make payment. Late or missed payments may incur a charge for chasing letters and telephone calls. Lenders abide by the CCTA voluntary Code of Practice. We do not have a renewal policy.