Are you in need of an affordable and fast loan, but don't know where to start? Were you already rejected by high street banks and other financial institutions, because your credit score was not as clean as they would like? Don't worry, if you own a car you can apply for a logbook loan and solve your financial problems, or use it to fund future business endeavours in no time. Simply fill out our form and we will refer you to our partners so that you can withdraw the cash in your vehicle today!
If you've never heard of a logbook loan, you are going to be pleasantly surprised at how these easy-to-get loans can help you in a difficult financial situation. First of all, these are secured loans, which means that there is a collateral that you have to put as a security for it. In this case, it will be your car, or rather, the logbook document. A logbook registration document is very important for a car owner, as it contains the model of the car, registration number, motor number and all the other information without which he wouldn't be able to, for instance, sell a car to another person. Getting a logbook loan means that you will have to leave the logbook, or V5 document, with the logbook loan company, until you have repaid the loan in full. If, however, you default on your repayments, the loan company has the legal right to repossess your vehicle and even sell it to someone else in order to get some of their money back. So, bottom line is that you need to be careful and always pay your dues in time.
You really don't have to do anything epic in order to get a logbook loan. That's the beauty of it. If you own a car, you already have high chances of being approved for this loan. Of course, you have to be a citizen of, or be a permanent resident of England or Wales and be at least 18 (or, in some cases, 21) years old. You should also be employed, although not all lenders require this, and you need to have a verified bank account, where your money can be deposited. Finally, and this is the last and most important requirement, you have to own a car registered to your name. The car also needs to be in good condition and, above all, it can't be more than 8 years old. If you fulfill these simple requirements, you can simply fill an online application form for a logbook loan and get approved for it in just a few minutes.
Once you've made a successful logbook loan application and got approved by the V5 loan company, you can use the money in any way you want. No one will ask you what are you going to spend the money on. However, we at Grange Loans would like to advise you to think carefully and use this money only on something that you really need. Of course, we hope that it's for it's for a nice thing.