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Professional Logbook Loans in Thamesmead

Enquire Online Today! - 23 May 2019

logbook loans Thamesmead

Logbook Loans Thamesmead


Looking for quick cash? Thamesmead logbook loans are for you

Thamesmead logbook loan quotes

Should you need same day money then borrowing against your car could be the solution for you. The money can be yours in as little as 24 hours if your car is free from finance!

With other loans you’ll be asked to jump through hoops and undergo credit checks which isn’t the case with Thamesmead Logbook Loans. If other loan types have refused your application recently, then this could be the answer to your money lending needs.

Any funds borrowed against your vehicle can be used for any purpose... perhaps you want to clear some of your debts, book a dream holiday or even simply to bost your cashflow a Logbook Loan can provide the money needed very quickly.

No commitment necessary: The quote you receive for your loan is completely obligation-free, so why not just find out the amount available to you?

Hassle-free application: If your credit history has let you down on previous loan applications then don’t worry, you may still be eligible for a loan.

Keep your keys: You can stay mobile by keeping on driving your car whilst benefitting from the amount borrowed.

Simple online application: It’s easy to apply online for your Thamesmead Logbook Loan quote, just take a minute to complete our quick form.

Any purpose: No matter what reason for you wanting to take out a Logbook Loan, the money you lend is yours to spend however you like.

Loans that suit you: If you need to lend money over a longer duration then speak to the specialist who can factor in your own specific needs.

It’s really easy to apply for Thamesmead Logbook Loans too, just complete the short application form on this page with some basic details regarding your car and yourself, you then hear from a Logbook Loan provider who can assess your requirements and provide you with a free quote.

Find out just how much you could borrow against your car with a free Thamesmead Logbook Loan quote today!

logbook loans for older cars

Older Car? Get a Logbook Loan

Many people visit our site having had a previous loan application refused against their car due to age. Typically most Thamesmead logbook lenders will restrict the maximum lending age to 8 years, however we base the loans (anything from £400 to £50,000) on the value of the car so age isn’t as important. To find out if your car is eligible for a loan then simply choose your make and model on the form above and see how much you could lend today!

loans against classic, vintage and prestige cars in Thamesmead

Borrowing Against a Classic or Prestigious Vehicle

Thamesmead owners of more classic or prestigious cars have often asked whether their cars are eligible for a V5 loan... and the answer is yes! If you are the owner of a Maserati, Rolls-Royce, Bentley, Ferrari or any other prestigious or classic car model then the same process still applies. Your borrowing is based up on the value of your car so subject to eligibility and affordability you could qualify for a loan.

no credit check Thamesmead logbook loans

No Credit Check Logbook Loans?

All logbook loan applicants are actually credit-checked, making this a popular misconception. It has been brought about because a V5 lending is often more attainable for those with poorer credit scores as a car is used as security throughout the loan period. Having a credit check shouldn’t put you off from enquiring however as you may well be eligible to borrow the money you need, so why not find out today!

loans for self employed in Bexley

Refused Elsewhere Due To Self-Employment?

Obtaining a loan when you are self-employed in Thamesmead can be difficult as it is often hard to prove income stability. A loan against a logbook could provide the funds you need as your car is used as security against the loan making it less-risky for Bexley lenders. Why not enquire online to discuss your lending needs? Please be aware that you need to demonstrate your ability to make repayments as part of responsible lending requirements.

Thamesmead business v5 loans

Logbook Loans for Companies?

Getting a logbook loan using your Thamesmead company vehicle as security is possible with some lenders. Remember that not all lenders have the same requirements, so it’s vital to check with them individually to learn their policies. Those that do will either ask that the car be registered in your name, or if it’s registered in the company name, the company name should be the same as yours.

Example Lending Amounts - From £400 to £50,000

Whatever the age of your car, you can borrow up to 80% of the current market value. The minimum loan amount is £400 up to a maximum of £50,000! A V5 loan covers most lending requirements. Take a look at the table below to see some example lending figures:

Value of Car % Loan Loan Total
£500 80% £400
£1000 80% £800
£1500 80% £1200
£2000 80% £1600
£5000 80% £4000
£10000 80% £8000
£20000 80% £16000

Calculate Your Loan Value

You can see how much of a loan 80% of the value of your car results in by moving the sliders on our calculator.

7000
80%

£5600

FAQs - Thamesmead V5 Car Loans

In order to ensure you are as informed as possible when enquiring about your Thamesmead logbook loan we have listed some answers to FAQs received below. If you have any more please get in touch using the form.

How Logbook Loans work

If you own a car and live in Bexley, you could be eligible to borrow against your vehicle. Your car has value, and the v5 document can let you obtain cash against that value. During the set duration of the procured loan, the car basically acts as the security for the loan given; this means that the lender gets to keep your car’s logbook until you complete repaying the loan. They technically own the car for the entire duration of your loan. This protects the lender should any payments be missed. The lender has the legal right to auction the car to recoup his/her costs.

What documents do I need to provide?

Enquiring about a loan is easy and only takes a few minutes of your time. You’ll need to provide some personal information along with a copy of your photo ID, your logbook (or V5 documents) most recent MOT, proof of car insurance, proof of Bexley residency, and proof of income. These things will all help lenders verify your identity and ownership, and it will also help lenders decide what type of loan you can qualify for.

Why are Logbook Loans in Thamesmead a good idea?

This kind of loan is ideal for Bexley residents who have bad credit score and have no other form of finance available to them. Regardless of how bad or poor your credit score history, there could be less chance of getting rejected. You simply need to meet the requirements, especially pertaining ownership of the car, and you could be approved for the loan. Your credit history might not be a negative factor when issuing the approval for your loan application. Generally, approval for lending against your Thamesmead vehicle mainly depends on the make or model of the car that you’re using as security. You can even get money on the same day!.

Can I still get a V5 Loan even if i’m unemployed?

Yes, Bexley residents could still get a loan although you will still need to be able to prove that you can afford the repayments every month to avoid losing your vehicle. Responsible lending approaches mean the lender needs to be satisfied that you aren’t going to risk gong into arrears. To find out whether you can make a successful Thamesmead loan application, simply enquire online using the form on this page.

I’ve got a poor credit score... does that matter?

If you’ve got a bad credit profile and you are looking for Thamesmead loans, you may be able to borrow by using your V5 document as security. Such loans work on the idea that if you have a car, you can use it as collateral to obtain a loan. Because of this, Bexley residents with bad credit score may still be eligible to secure a loan with V5 lenders, as compared to the more conventional Bexley loan lenders. Moreover, the loan application process is simple, the necessary requirements are straightforward, and you can often get access to your money on the same day.

Is it a problem if I can’t prove my income level?

In order to qualify for Thamesmead logbook loans you need to be able to prove that you can afford the monthly repayments. Responsible lending means that Bexley V5 lenders will not offer you a loan unless they are certain that repayments can be made. This is to avoid you going in to arrears and risking losing your car. If you can’t prove your income then get in touch today to discuss your options and see if you’re eligible for a V5 document loan.

Car maintenance - whose responsibility?

During the entire period of your loan, it is your responsibility to maintain the car. The lender does not and will not take possession of the car unless you default on your payments. As part of your agreement, you should ensure that your car is regularly serviced, that MOT checks are completed, and that you maintain proper insurance throughout the entire period of your loan. If any of these things do not occur for any reason, or if the value of your car decreases substantially due to damage or a mechanical failure, you should notify your lender.

Will a V5 Loan show up on a HPI check?

Logbook loans should show up on a HPI check. They show up as a Bill of Sale agreement, and it’s a requirement for Bexley lending companies to register them with companies like HPI. Nowadays, it’s very important to perform a thorough check on the car’s history. If you do a HPI check and a loan taken against the vehicle doesn’t show up, and you buy the vehicle, then you’re protected by the HPI guarantee which provides you with a financial reimbursement of up to £30,000.

How long are the repayment terms?

The length of repayment available for car v5 loans includes; 12 months, 18 months and 36 months. These repayment terms offer you adequate time so that you can make budget friendly repayments every month. The interest is charged on a monthly basis and you will not incur extra charges by paying off the loan early. In fact, it’s better to repay in advance, since by doing so, you will end up repaying much less overall in terms of monthly loan interest.

To find answers to any further queries you may have then simply get in touch today using the short form you can see above. You’ll be contacted by an advisor who can answer any questions you have to see if a V5 loan is for you.