Logbook Loans: Finance Through Your Vehicle" s Logbook
If you need financial help, then you can procure it with the help of the logbook of your vehicle. A logbook is the vehicle registration certificate, also known as the V5C, which was issued to you by the Driving and Vehicle Licensing Agency (UK). By pledging this document as collateral, you may avail logbook loans.
Logbook loans are useful as they are approved very swiftly. No evaluation or any such procedure is conducted. You only have to submit your vehicles logbook to the lender. The vehicle may be your car, van or motorbike. You can borrow an amount up to 50000 under these loans and use the money to fund any of your personal requirements.
Logbook loans are pretty easy to find. You may search personally but a faster and more cost-effective search can be conducted online. There are many lenders who will be willing to offer you the loans in viable terms. However, you will find that all of them have the standard eligibility criteria:
The logbook must be in your name
The vehicle that the logbook belongs to should not be more than 5 years old
The vehicle must be insured and taxed. The taxes and insurance must be paid in full
Any financial claim upon the vehicle must be cleared. There can be no due debt or unpaid bills
The vehicle must have passed the MOT test
You must be fully employed and drawing regular income
You must be ready to provide income proof
These criteria have to be fulfilled if you are to avail finance by pledging your logbook.
Logbook loans can be the convenient loan that you were looking for. They are approved fast and without any credit checking. They also release cash within a short time. If you are willing to search for the best offer that you can find on these loans, you may spend some time browsing the online lenders sites. Get their free loan quotes and compare them in order to select cheaper rates and more suitable terms.
Logbook loans are useful as they are approved very swiftly. No evaluation or any such procedure is conducted. You only have to submit your vehicles logbook to the lender. The vehicle may be your car, van or motorbike. You can borrow an amount up to 50000 under these loans and use the money to fund any of your personal requirements.
Logbook loans are pretty easy to find. You may search personally but a faster and more cost-effective search can be conducted online. There are many lenders who will be willing to offer you the loans in viable terms. However, you will find that all of them have the standard eligibility criteria:
The logbook must be in your name
The vehicle that the logbook belongs to should not be more than 5 years old
The vehicle must be insured and taxed. The taxes and insurance must be paid in full
Any financial claim upon the vehicle must be cleared. There can be no due debt or unpaid bills
The vehicle must have passed the MOT test
You must be fully employed and drawing regular income
You must be ready to provide income proof
These criteria have to be fulfilled if you are to avail finance by pledging your logbook.
Logbook loans can be the convenient loan that you were looking for. They are approved fast and without any credit checking. They also release cash within a short time. If you are willing to search for the best offer that you can find on these loans, you may spend some time browsing the online lenders sites. Get their free loan quotes and compare them in order to select cheaper rates and more suitable terms.
