FAQS

How Much Can I Borrow?

You can borrow between £500 and £50,000 depending on the current market value of your car and your affordability to meet the repayments.

What Can I Use the Money For?

You can use the money anyway you like – for business, for travel, for medical expenses, for household repair, etc. We would not demand for the reason. Although we highly suggest you only take out a logbook loan when it is a matter of utmost importance.

What Types of Vehicle Do You Accept?

We accept almost any type of vehicle, from sedans to SUVs to motorcycles and trucks. As long as your vehicle is free of any financing, and is not more than 10 years of age, then it can most certainly be accepted.

What Will Happen to My Vehicle?

You’d have to sign the bill of sale as proof of the transfer of ownership, but the car would be yours physically. You can continue driving it provided that you meet your repayments on time.

How Soon Can I Know the Result of My Application?

After you’ve submitted the online form, please give us a few minutes to review your application and to match you with a suitable lender among our database. After we’ve confirmed that we’ve found a perfect match for you, our representative will get in touch within a few hours.

When Can I Get My Money?

If you got accepted for a loan, you can expect to receive your money within 24 hours of successful application, although most of the time, you’d only have to wait for a few hours.

How Long Should I Pay for the Loan?

There is no definite period for how long should a logbook loan last, although typically the loans last between 3 and 18 months.

Can I Settle the Loan Early?

Yes, of course. If you plan on doing this though, please confirm with the lender if they will allow this without any penalty.

Is a Logbook Loan Safe?

Though logbook loans are legal financial agreements, it is our duty to remind you that they are not without their risks. Of course, you could end up losing your car if you default on your payments, but that would be highly unlikely as we will help you find a deal that is tailored to your needs and budget.

What Will Happen To My Personal Details?

All of your personal information that will be sent to us will be encrypted, therefore, no third party can ever access your details without your permission. We will never sell or share your details with anybody else.

How Much Does Your Service Cost?

Despite you being able to take advantage of our comparison service, there is no cost for you to use it. In fact, we can help you save money on the deal that you’re getting. We make money by getting our commissions from lenders, not you.