Owing a vehicle under your name is the most helpful asset that allows you to take finance in crisis by the means of logbook loans. Under these loans you have to put the logbook of your vehicle as a security to the lender against the loan amount. The best part about these loans is that after approving your loan you can still enjoy the great chance to drive your vehicle anywhere you want without any restriction. However, it is your responsibility to keep the vehicle in good condition.

A logbook is a legal document that contains the details of your vehicle like VIN number, vehicle’s model number, engine number, chassis number, registration number, vehicle’s color and name of the owner. These kinds of Car Logbook Loans help you to avail quick monetary backing by pledging your vehicle logbook papers as a security.

However, there are some requirements which you have to fulfill for the approval of logbook loans like-you must be over 18 years of age, your name should be matched with owner’s name in logbook, you should have regular employment with fixed monthly income, your vehicle should be more than 8 years old and there should be any financial dues against your vehicle and it has to be insured.

Under the provision of Car Logbook Loans you can raise funds anywhere in between £500 to £50,000 for the flexible repayment tenure of 5 to 7 years. The borrowed money can be used to meet a number of financial purposes like pay out urgent household bills, debt consolidation, home renovation, arranging a holiday with family and so on.

Those who have questionable credit status can also avail these loans without any restriction as they are free from any credit check procedure. Thus, no problem if you have bad credit tag due to CCJ, IVA, bankruptcy, insolvency, foreclosures etc.

If you want to apply for logbook loans without any hassle, then you must go for online medium. Online application procedure is much convenient, easy, effortless and fast. Here plenty lenders are involved with free loan quotes offer. A careful comparison of these quotes can avail you the most lucrative loan deal at a nominal rate without much struggle.