Get a Logbook Loan Now
One of the most popular types of U.K loans are logbook loans. People all across the U.K have been using logbook loans to get cash in a short period of time to pay for bills, repairs, and other expenses that they otherwise could not afford. You can get your logbook loan today simply by filling out our free quote form to get started. If you’re in a situation where you need money as soon as possible, this is the perfect solution for your problems.
How logbook loans work
Logbook loans are very simple. You are able to borrow money in exchange for offering the logbook for your vehicle as collateral. In essence it is a secured loan in which the money borrowed is secured by your vehicle’s logbook. Since the loan is secured, you will be able to have several added advantages that you may not get with a typical unsecured loan.
Advantages of logbook loans
The reason why many people in the U.K choose logbook loans over other traditional loans is that they come with many more advantages.
- Borrow more money: Since your loan is secured by your vehicle, you are able to get approved for much more than you would typically get approved for with an unsecured loan. For example, a typical payday loan or other unsecured loan is generally capped at around £1,000. You can get approved for logbook loans for as much as £10,000 or more in some cases.
- Lower interest rates: Your loan will be seen as a much lower risk than an unsecured loan. Because the lender has recourse in the event that you default, they feel more comfortable with lending you money at a lower interest rate than an unsecured loan might offer. You can find out how low of an interest rate you can get approved for by filling out our free quote form.
- Quick approval: Despite the fact that there is collateral involved in the transaction, your loan can still be approved much quicker than you might expect. After you fill out our free quote form, you can get your loan in as little as 24-48 hours! This is one of the most appealing benefits of logbook loans for most borrowers.
Those are just a few of the advantages of logbook loans. If you want to get cash quickly, apply for your logbook loan today and get your money now.