- LogbookUK offers logbook loans all over the UK - in England, Wales, Scotland and Northern Ireland.
- Their representative APR is 461.6% which is similar to that of practically all of the logbook loan providers in the UK. The exact cost of your loan depends on the individual lender you go for, but as a rule, the shorter you make the loan period, the less interest and fees you pay.
- LogbookUK will offer you loans that range from £500 to £50,000. They point out that generally, you can expect to be able to borrow anything up to 75% of the value of your vehicle.
- They do have a secure online application form.
- Same day transfer is available - after signing the loan agreement at one of the branches, you receive the funds there and then.
- They will not credit check your loan application.
- In order to be approved for a loan, you need to provide your logbook, proof of income (e.g. a bank statement or pay slip), proof of address, your car insurance certificate and your MOT.
- In order to be accepted for a logbook loan, you must be over 18 years old, living in the UK, legally owning a car that you have fully, or almost fully, paid for.
- As for the repayment methods, these are quite varied. You can choose between a standing order, paying in book at any bank or through a debit or credit card over the phone. The loan is repaid either in weekly or monthly installments.
