Choosing the right logbook or v5 loan
Logbookloans the original UK’s logbook lender has been around for 8 years now, they currently manage loans in excess of £10 million to their customers. Logbook Loans offer a straightforward and fast way to access a no credit check loan. The maximum period of the loan is 78 weeks but can be repaid early without incurring additional penalties, typically the average settlement time is 40 weeks although this does vary from person to person. Logbook loans are ideal for anyone with a poor credit history who might be looking to raise additional cash and have exhausted all other types of lending such as a Payday loan or a secured loan. By securing a loan on the value on your car, you can not only benefit from a suitable lending solution but you can also drive your car even when a Logbook Loan is secured on your vehicle; your V5 is taken as a deposit for the loan agreement. Apply Here for a Logbook Loan
Why Choose Logbook Loans?
With an experience of 8 years within the market they are the most established Logbook Loans company in U.K. and can agree and give you access to your loan quickly; they aim to do this within 24hours of you original application. Once your application has been received by their committed call centre, they will send you a text to confirm that they’ll be in touch. From then, they’ll endeavour to contact you within an hour to talk through your application and the options that are available to you; once agreed, an underwriter will be in touch to finalise proceedings. Logbook Loans operates a transparent and responsible attitude to lending and has strict Best Practice guidelines to ensure customers are clearly aware of the terms and conditions including the repayment charges.
It’s a simple fast way to get a loan right for you.
What will it Cost Me?
The APR of 437.4% reflects the risks taken by the business to provide finance to customers who are unable to go elsewhere and are clearly highlighted on all Log Book Loans information and on the website. Comparing Logbook Loans with other financial sources such as Payday Loans or longer term solutions such as secured lending from bank, Logbook Loans’ APR is fully justified, particularly as applicants do not have to go through the usual credit checks and is not subject to any other qualifying criteria. This needs to be considered when making a comparison against other loan products.