- Easy Logbook Loans provide logbook loans for UK customers in England and Wales.
- They have a representative APR of 478.30% which is slightly higher than the industry standard. As an example, if you take out a loan for £1,150 for 18 months, you will have to pay £120.40 in interest and fees a month. Remember, that the shorter you make the loan period, the lower the cost of the loan. There is also the possibility of early settlement without a penalty charge.
- The minimum loan amount they provide is £500, and the maximum is £50,000. The maximum loan amount available to you personally depends on the value of your car.
- Easy Logbook Loans' website and the online application form do not appear to be secure.
- They promise to deliver the funds to you within 24 hours.
- They do not run credit checks on loan applications.
- Besides the loan application and your car's logbook, they also require a document to prove income.
- Their requirements are typical of the industry: a borrower must be 18 years or older, the legal owner of the car which is clear, or nearly clear, of finance. Additionally, the car must not be older than 10 years. On the downside, they only accept residents of England and Wales.
- While they posit that they offer flexible repayments, they do not provide any further information about this on their website.
