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Convenient Logbook Loans in Bedwellty Pits

Enquire Online Today! - 22 May 2019

logbook loans Bedwellty Pits

Logbook Loans Bedwellty Pits


Bedwellty Pits logbook loans can unlock the value in your car

Bedwellty Pits logbook loan quotes

Borrow money against the current value of your car and lend from £400 to £50,000 whilst still driving it! If your car is finance-free then there’s a good chance you could even receive your loan within 24 hours!

You don’t have to jump through hoops or undergo a lot of checks with Bedwellty Pits Logbook Loans either, which is why they’re so popular! If any of your previous loan applications have been refused, then this could well be the ideal solution.

You can use the money you borrow on anything you want... why not clear some debts, book a holiday or simply give your cashflow a boost. Logbook Loans let you access the funds you require very quickly.

Free no-risk quotes: Want to see how much you could borrow but don’t want to commit just yet? No problem, all the quotes provided are obligation-free.

Poor credit history? Your credit may not affect your application, so if you’ve been thwarted before by other loans then this may not be an issue!

Keep on driving: Stay mobile with a Logbook Loan. Not only do you lend money, but you get to keep on driving your car!

Apply in seconds: Bedwellty Pits Logbook Loan quotes are easy to apply for online, and only take a minute of your time to complete our form.

Your money to use: Spend your new loan on anything you fancy, from paying off other debts to buying a holiday you have complete freedom of choice.

Loan periods to suit you: Not all loan criteria is the same, so have a chat to a Logbook Loan specialist to decide what might be the best option for you.

Using our website to apply for Bedwellty Pits Logbook Loans couldn’t be more simple too, on this page you can see a short online application form that won’t take more than a minute to complete, a loan provider will then get in touch direct to discuss your requirements further.

With simple online application and free no-obligation Bedwellty Pits Logbook Loan quotes, why not see how much you could lend now!

logbook loans for older cars

Logbook Loans For Older Cars?

Other Bedwellty Pits logbook lenders might limit the age of an eligible vehicle to just 8 years, but we base our loans on the value of the vehicle itself. That means even if your vehicle is slightly older it could still be eligible for a loan against it. With lending amounts from £400 up to £50,000 there’s a good chance that your vehicle will qualify and you will be able to lend against it. It’s simple to find out if you can borrow against an older vehicle, simply apply online.

loans against classic, vintage and prestige cars in Bedwellty Pits

Borrowing Against Vintage, Classic & Vintage Vehicles

If you live in Bedwellty Pits and are looking to borrow against your classic or vintage car then you could still qualify. All makes and models are considered based up on the value of the car itself, so if you own a prestigious car such as a Ferrari, Aston Martin, Rolls-Royce or a classic or vintage car then you will still be considered. FInd out how much you could borrow today.

no credit check Bedwellty Pits logbook loans

No Credit Check Logbook Loans?

Unfortunately the ’No Credit Check Loan’ doesn’t actually exist as all applicants for this type of loan are in fact credit checked. The reason for this misunderstanding is probably due to the fact that a V5 loan can be more accepting of bad credit scores as a vehicle is used as collateral during the repayment period. This can make them perfect for those who have been denied elsewhere. Find out today if you qualify!

loans for self employed in Blaenau Gwent

Self Employed - Been Refused Elsewhere?

It has always been a problem for the self-employed in Bedwellty Pits to get a loan as most lenders want to see a more secure income. Blaenau Gwent Logbook lenders however can often be more sympathetic to these situations as your car is secured against the loan total during the repayment period. With any responsible lending however, you will still be required to prove that you can afford to make the monthly repayments, so get in touch today.

Bedwellty Pits business v5 loans

Can My Business Get a Loan?

While not all lenders can provide them, it may be possible for you to obtain a logbook loan for your Bedwellty Pits business. If the company car is registered in your name, you can enquire about a business logbook loan just as you would a personal one. What’s more, if the company’s name and your name are the same, and if the company vehicle is registered in the company’s name, some lenders may work with you. Ask your individual lender to be certain.

£400 to £50,000 - Example Amounts

You can lend from £400 up to £50,000 with a V5 loan... or up to 80% of your vehicle’s current market value. Such a large borrowing range covers most lending requirements. To get an idea of the amount you could borrow with your car’s market value look at the table below:

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

Blaenau Gwent Loan Calculator

Want to know how much you could borrow against your car in Bedwellty Pits? Use this handy calculator to show up to 80%.

7000
80%

£5600

Logbook Lending FAQs

We receive a number of questions regarding Bedwellty Pits logbook loan applications, so for your convenience we have answered as many of the popular questions received below:

How do Blaenau Gwent Logbook Loans work exactly?

The principal of borrowing against your car (or a V5 loan) in Blaenau Gwent is very straightforward... you use the V5 document of your car as security for a loan against it. Typically you can borrow up to 80% of the car’s value and have a range or repayment durations available. An added bonus of this type of loan is that Bedwellty Pits applicants can continue to drive their vehicles throughout the loan period, an once the loan is repaid in full the V5 document is returned. V5 loans are particularly popular with those who have less than favourable credit scores.

What documents will the provider need?

The process of enquiring for a loan is simple, but you’ll need to make sure that you have all the right documentation. You will need a photo ID as proof of identity, your V5 document for proof of ownership, a copy of your current insurance policy, a recent utility bill in your name to prove your Blaenau Gwent address, a current MOT, and either a bank statement or recent payslips to show that you have the income required to successfully repay your loan.

Are Blaenau Gwent Logbook Loans really a good idea?

If you’re looking for some quick money, and have been refused a loan elsewhere then a V5 loan can be a good idea to release the funds that you need. Blaenau Gwent applicants with less than ideal credit scores often find that their loans requests are accepted and they can release the value in their cars. As your car is used as security against any repayments, then you’re more likely to be accepted than with other loan types, making Bedwellty Pits V5 Loans a great idea for many.

Can unemployed Bedwellty Pits residents still qualify for a Logbook Loan?

If you are unemployed and you have had a previous loan application declined, a loan against your vehicle could well be an option. Blaenau Gwent V5 lenders may be more tolerant to people with poor credit score and to those who are unemployed. To obtain a loan, you simply need to own a car and provide proof of your ability to repay the loan. The situations of different loan applicants will always vary, therefore it’s best to get in touch directly with the lender when enquiring about a loan.

My credit score is poor, can I still get a loan?

Even if you have a bad credit rating you may still find you qualify for a V5 loan in Bedwellty Pits. Your vehicle is used as security so the loan is deemed lower risk when compared to other forms of lending. Though you will still be credit checked, it is often the case that loans are approved despite a poor credit history, which is why these loans prove so popular throughout Blaenau Gwent.

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

In order to qualify for Bedwellty Pits logbook loans you need to be able to prove that you can afford the monthly repayments. Responsible lending means that Blaenau Gwent 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.

Who should maintain the car?

When you agree to a loan, you also agree that you will continue to maintain the car while it is in your possession. This maintenance should include regular servicing, maintaining insurance at all times, and necessary MOT checks. Some normal wear and tear, along with additional mileage, is to be expected, but you should maintain your car to the same value it had when you took the loan. This means that if significant damage or mechanical failure should occur and reduce the value of your car, you should notify your lender right away.

Will a Logbook Loan show on a HPI check?

Blaenau Gwent lenders are required to register all loans against a car with companies such as HPI, so they should all show up (normally as a ’Bill of Sale’ agreement) on a search. If for any reason you discover a loan on your new car that didn’t show up on a HPI check then their guarantee will reimburse you up to £30,000.

What is the repayment duration?

Your loan can be arranged with either a 12, 18 or 36 month duration and since there are no penalties for early repayment you can save money on interest payments by settling the account early.

Hopefully these FAQs should have answered any questions you had regarding taking out a loan against your car, but don’t worry if you still have unanswered questions... simply get in touch via the form and speak direct to an advisor.