Why Choose MyLogbookLoans
If you’re in a hurry to get your cash, MyLogbookLoans makes everything a lot easier and faster! Just complete our form, sit back, and we’ll make everything ready in just a few hours!
Honest and impartial advice
Here at MyLogbookLoans, we work hard to give you the best service possible. We don’t just accept your application and blindly offer you a match. While you may find that other sites like ours protect their best interest rather than yours, we, on the other hand, study your individual situation very carefully, making sure that we are able to give you the right help that you need.
99.9% acceptance rates.
MyLogbookLoans has over 10 years of experience in the logbook loan industry. As one of UK’s pioneers, we are well advanced in terms of knowledge and expertise. We have helped thousands before, and we vow to further improve our services so that we can promise everyone a loan, no matter what the circumstances are.
Most affordable deals
While it’s true that logbook loans may be a bit more expensive that bank loans, MyLogbookLoans can offer you deals at the most reasonable rates. We work with several lenders, so that you have plenty of options to choose from.
Introduction to Logbook Loans
Logbook loans or V5 loans are a form of short term loans that have become popular during the recent years and are still making a huge impact in the financial market today. A logbook loan is a cash loan secured against the borrower’s vehicle. When you make a deal with a logbook lender, you will have to submit your vehicle’s registration certificate, also known as your V5 document or “logbook”, and the lender will keep it until the full loan is repaid. Unlike traditional car pawns though, there’s no need for the vehicle to be surrendered, so you get to keep on using your car even while the loan is in force. The vehicle will only be repossessed if you failed to keep up with your loan repayments.
But what’s even more spectacular about logbook loans is that you don’t have to go through any credit checks. This means that you can get approved for a loan no matter if your credit is bad, extremely bad, or you have no credit history at all. Your credit rating won’t have any weight, in fact, we won’t even know what it says!
Receive Your FREE and Instant Decision!
So what are you waiting for? The application is very simple and only takes about 30 seconds. Send in your contact details now and we’ll call you back with your FREE quote in the next few minutes!
What We Do
MyLogbookLoans was built on the main goal of giving you FREE and instant access to all the available logbook loans in the UK. We compare the most competitive deals among the top lenders in the country and compile them all in our site, giving you free and quick access anytime you are in need of financial assistance.
By working hand in hand with the country’s most renowned lenders, we are able to gather the most up-to-date deals today, and let you obtain one of them in just a few clicks.
How to Apply
Meet With Your Lender
After choosing the best match for you, you can now decide if you wish to push forward with your application. If you do, then we can arrange an appointment with you and the lender at a time and place of your convenience.
You need to bring your car to have it evaluated, as well as the following requirements:
• Vehicle’s registration (V5/logbook)
• Vehicle’s certificate from Ministry of Transport
• Proof of insurance
• Proof of income
• Proof of address
Receive Your Cash!
Finally! After signing your loan agreement, all that’s left is receiving the cash. You may be written off a cheque right away, or wait for a few hours for the money to be sent to your bank account, if that’s what you prefer.
Receive Your FREE Quote
To get started, please take a few seconds to fill out our easy online application form with your name and contact details, so that our representatives will be able to call you back. We will find you the best match based on the details you provided, and we will get in touch with you in a few minutes with your FREE quote!
Decide How Much Money You Need
Upon meeting with your lender or the representative, it will be your opportunity to discuss the loan details and negotiate whereas possible. The loan amount is negotiable depending on your vehicle’s value, the length of time you want to pay the loan back, and your income.
Make sure you understand everything there is to know, and to clarify any questions that you may have, before you sign the credit agreement and the bill of sale.
Who May Benefit from Them
With the absence of credit checks, logbook loans mostly appeal to individuals whose credit scores do not readily qualify for standard loans from banks and building societies, especially those whose problems go beyond a few missed bills. If you are struggling with records of inconsistent employment, debt collections, County Court Judgments, or even bankruptcy, you may benefit from a logbook loan. Also, because there are no rigorous checks and paperwork to be accomplished, the loans are available in an instant, making them an ideal option for those experiencing financial emergencies such as sickness, accident, or even death.
Who can Obtain a Logbook Loan
Anyone can easily avail of a logbook loan, as long as you are:
- At least 18 years of age.
- An owner of a vehicle listed under your name.
- A resident of the United Kingdom
- Employed full-time, part-time, or a business owner, as long as source of income can be proved