Logbook Loans 4U

  • About Us
  • How It Works
  • Do I Qualify?
  • APR Explained
  • Code Of Practice
  • FAQ

What are Logbook Loans?

Logbook loans are secured on your vehicle. There is no credit check so people with bad credit can still apply. You can borrow from £200 to £50,000 depending on the value of your car (or motorbike etc.)

To qualify for a logbook loan you need to own your own vehicle and have a UK address. You keep and drive your car as normal while you repay the loan. You can get your money within 24 hours of applying online. Some lenders can meet you at your home. Read Our Guide

Read Our Helpful Guides

APR Explained
What is the difference between Annual APR and Representative APR? Who is the cheapest?
Who qualifies?
Am I eligible? You need to own your own vehicle. A quick look at the qualification criteria.
Code Of Practice
Why you shouldn't borrow from a lender who is not an accredited member of the CCTA.
Useful Links
UK finance sites and resources you might find helpful when taking out a loan.

Our Comparison Table

The table below has been especially created to offer as much important information as possible and ensure you apply to only the right logbook loans lender for your circumstances. If you need further information be sure to refer to the lenders own website. A Logbook Loan is secured on your vehicle.
Company
Area
Loan Amount
Max Age of Car
Representative APR
Annual APR
CCTA Code Of Practice?
Apply
England & Wales£500 - £50,00010 Years356.4%119.86%YES

Repayments Example: Total amount of credit £500; Total amount payable £1,400; % APR Representative 387.40%; fixed annual interest rate 119.86%; Duration 78 weeks; instalments £17.85 per week

Description: Car Cash Point are up to 87% cheaper than other short term loan lenders - see their website for a comparison between logbook loans and payday loans. You can settle the loan early or make overpayments and pay less interest. Absolutely no set up fees or exit fees. Bad credit, CCJs, tenants, self-employed are all ok as their is no credit check.. The lender can meet you at your home or work. You can get your cash within 1 hour of completing the loan. *Car must be under 10 years old. *Car must be free of finance.

England & Wales£200 - £25,00010 Years464.4%132%YES

Repayments Example: Total amount of credit £800; Total amount payable £2,413; % APR Representative 464.4%; fixed annual interest rate 132%; Duration 18 Months; instalments £134.11 Monthly

Description: Mobile Money have a network of 33 branches throughout England and Wales, including Birmingham, Liverpool and London. You can can choose up to 36 months for your repayment period. They can lend even if you have been refused loans for bad credit in the past. There is no credit check for their logbook loans UK customers when you apply online. * Your car must be under 10 years old to qualify. *Your vehicle must be free of finance.

UK Wide£500 - £50,00010 Years478.3%125.64%YES

Repayments Example: Total amount of credit £1,150; Total amount payable £3,317.34; % APR Representative 478.30%; fixed annual interest rate 125.64%; Duration 78 weeks; instalments £42.53 per week

Logbook Loans Description Icon

Description: Hermes Property Services issue loans secured on your car without a credit check. They are currently the only company offering these loans to customers in Scotland. You can get a loan on you vehicle in under 24 hours. Even if you have a CCJ, have been refused credit, or don't have a bank account you can still borrow money. They give short term loans for people with bad credit. *Your car needs to be clear, or nearly clear, of finance in order to qualify.

How Do Logbook Loans Work?

Logbook Loans are loans that are secured against the borrower's vehicle. Most logbook loan lenders will offer a loan of up to £50,000 (or 75% of the value of the vehicle) without the need for credit checks. You can read more on how it works on this site.
With all UK lenders you will need to prove that you legally own your car and possess its V5 registration document. You will also need personal identification to prove that you are over 18 years old and have UK address. Some lender only deal with people from England and Wales so please check the above table before applying.

The Application Process

1. Compare lenders using the table above and choose which one(s) you wish to apply to. 2. Apply online in under a minute for an instant decision as to whether you qualify in principle. 3. If you qualify then the lender will phone you back at an agreed time so they can discus the details with you and agree terms. 4. You then need to meet the lender either at their closest branch or in some cases they will come to your home or work id that is easier. 5. At the meeting you will exchange documents and sign the oan agreement. 6. The lender keeps hold of your V5 logbook until you repay the loan, however you keep and use your car as normal. 7. You get your money there and then, often in cash.
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