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Bridging loan - Apply here
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Logbook loan - Apply here
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Logbook loans
Logbook loans are offered by many companies at the moment and, if paid back correctly, which means quickly, can also be a valid and cost effective way of borrowing larger sums than payday loans, but lower amounts than bridging finance without having to stop driving your vehicle. A car logbook loan means you actually sign over the V5 documentation to the lender and they return it to you once you have paid back the full amount with the interest charges. You still get to drive your vehicle when you take out logbook loans.
Due to governmental rules about borrowing money, in any amount, the APR has to be displayed, which as the acronym states APR = ANNUAL PERCENTAGE RATE, which shouldn't be applicable to car logbook loans as they are only designed for short term lending. Only take out this type of car secured finance if you are one hundred and ten percent certain you can repay the full amount of any logbook loans within a month. Two maximum. If you do not clear the full amount of money borrowed, and only stick to a minimum monthly payment, you will pay the full APR over a year. Depending on which logbook loans company you borrow from, you can expect a
TYPICAL APR ANYWHERE BETWEEN 250% AND 450%.
However, if you clear the loan secured against your logbook within 30 days, you can expect to pay back around the ten percent mark in interest.
Click here to complete the enquiries forms so that you see exactly what rate of monthly and annual interest charges you would have to pay on your logbook loans.
LogBook loan
We are not the actual lender, but act as a conduit for other companies that are usually FSA regulated, however because these advertiser's come through a third party site, we cannot guarantee anything of the like, and are not responsible for any hyper-links that you reach from this site.
We highly recommend visiting our online logbook loan enquiry form to make contact with a logbook loans lender, so that you can find out first hand, exactly what your car would be worth as security, and also the monthly and annual interest charges on their specific logbook loans.
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Enquire online for a bridging loan that suits your needs:
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