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Quick Logbook Loans in Grendon Underwood

Enquire Online Today! - 25 Sep 2020

logbook loans Grendon Underwood

Logbook Loans Grendon Underwood


Looking for quick cash? Grendon Underwood logbook loans are for you

Grendon Underwood logbook loan quotes

If you want to borrow money whilst remaining mobile then read on... you can lend up to £50,000 whilst still driving your car! If you can has no finance attached to it you could access your loan in as little as 24 hours!

Now one of the most popular loan types available, Grendon Underwood Logbook Loans let you bypass the usual credit checks and annoying hoops to jump through. If other loan providers are turning down your applications then why not try this type of loan? It could be the perfect solution.

The funds you release for your car can be used on anything... with Logbook Loans you can clear some debts, go on a holiday or anything you like with the money. You have complete control over the money.

Obligation-free quotes: Why not find out just how much you could borrow against your car by getting yourself a free no-obligation quote?

Refused loans before? Have you been refused a loan elsewhere due to a bad credit history? No need to worry with a Logbook Loan.

Keep your keys: Get a loan against the value of your car but keep the keys! You can carry on driving your car for the duration of the loan.

Easy online application: Just provide us with some basic information using our online form to apply for your Grendon Underwood Logbook Loan quote.

Any use loans: A Logbook Loan can be used for whatever purpose you like. The money you receive can be spend entirely as you wish, on whatever you want.

Flexible loan durations: Your loans can be tailored to suit your own individual needs, speak to a specialist to see what can be arranged for you.

Applying for Grendon Underwood Logbook Loans is a simple straightforward process, the simple application form you can see on this page is all you need to fill-in with some basic details, you will then be contacted direct to discuss your loan requirements and to provide you with a free quote.

With obligation-free quotes delivered direct, why not apply online to see how much you could lend with Grendon Underwood Logbook Loans?

logbook loans for older cars

Your Older Car Qualifies For a Logbook Loan

If you were unsure as to whether your older car would qualify for a loan then you may well be in luck. Where other Grendon Underwood lenders might limit the borrowing to cars under 8 years of age, the lenders on our Buckinghamshire network look at vehicle value rather than age . This means that most ages of car will be considered for a loan against it’s value. To see if your car qualifies is easy... just complete the small enquiry form you can see above.

loans against classic, vintage and prestige cars in Grendon Underwood

Loans Against Classic Cars and Prestigious Models

Aston Martin? Porsche? Bentley? Rolls-Royce? If you are the proud owner of a prestigious or classic/vintage car in Grendon Underwood then you coud still get a V5 loan. Loan amounts are based upon the current value of your vehicle, so as long as you meet the eligibility and affordability requirements you could get a loan. Enquiring to borrow against a prestigious or classic car is the same straightforward process as any other car.

no credit check Grendon Underwood logbook loans

No Credit Check Logbook Loans?

Don’t let the actual fact that all applicants are credit checked put you off. The phrase ’No Credit Check’ is actually a misconception that has arisen due to the fact that this type of loan can be more accepting of poorer credit scores. Using a vehicle as security throughout the loan period can make a loan more attainable to those with poor credit scores, so if you’ve been denied before then find out today if you can borrow.

loans for self employed in Buckinghamshire

Are the Self-Employed Eligible to Borrow?

If you’re in Grendon Underwood and self-employed then you probably already know how difficult it can be to get a loan of any sort as most Buckinghamshire lenders want to see regular guaranteed income to cover payments. Using your vehicle as security means you might still be eligible for a loan as it reduced the risk to a lender. It’s important to remember though that as part of responsible lending you still need to prove to the lender that you can cover the payments.

Grendon Underwood business v5 loans

V5 Loans For Businesses?

The best way to determine whether you qualify for a logbook loan is to enquire with a group of lenders within a network. While not all logbook lenders work with Grendon Underwood companies, some certainly will. As long as the vehicle you want to use as security is registered in your name, it is completely possible to take a loan against it. In fact, even if your name is in the company name, and you are the sole proprietor of that company, you may be able to take a loan on a company vehicle, too.

Example Lending Figures Up To £50,000

You can see a table below showing some typical borrowing examples available based on a loan of 80% of your current vehicle value. With lending amounts from a minimum of £400 up to £50,000 most lending requirements are covered by a V5 loan:

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

Buckinghamshire Loan Calculator

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

7000
80%

£5600

Logbook Lending FAQs

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

How Logbook Loans work - V5 Loans explained

A logbook loan is a type of secured lending where a borrower transfers ownership of their vehicle, to the lender as the security for the loan. How much Grendon Underwood residents can borrow depends on just how much their car is worth; some Buckinghamshire lenders can let you borrow up to 80% of what the car will fetch in the current market, however, terms and conditions normally vary from one loan lender to another. While making the repayments, you get to keep possession of your car and continue using it. When the loan is fully repaid, you regain ownership of your car.

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 Buckinghamshire 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.

Why are Logbook Loans in Grendon Underwood a good idea?

This kind of loan is ideal for Buckinghamshire 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 Grendon Underwood 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, Buckinghamshire 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 Grendon Underwood loan application, simply enquire online using the form on this page.

I have a poor credit score... can I get a loan?

Quite possibly yes! In fact Buckinghamshire lenders could be more accepting of those with less than desirable credit scores as your car’s V5 document is retained as security making it a lower risk loan for the lender. It’s important to realise that all Grendon Underwood applicants are still credit checked, but may find this type of loan more accepting than others.

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

In order to qualify for Grendon Underwood logbook loans you need to be able to prove that you can afford the monthly repayments. Responsible lending means that Buckinghamshire 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.

Is it my responsibility to maintain the car?

When you get a loan, your lender provides you with funding based on the value of your car. Your car becomes collateral that the lender can possess to recoup its losses in the event that you default on loan. Because of this, it is your responsibility to continuously carry insurance on that car, to have it serviced, and to have regular MOT checks. All of these things help to maintain your car’s value, which is important to the lender. If something should have a significant impact on your car’s value, you should always report this to your lender as soon as possible.

Will a HPI check show a Loan?

Any loans taken out against the car are normally recorded on a database which is known as the HPI Index where anybody can check for the vehicle’s history prior to purchasing it. When you do a HPI check, you will get to know the vehicle’s true financial history. The HPI check report will also show you the vehicle’s history including; whether the logbook is legitimate, insurance write-off, previous number of owners, previous number plate changes, potential mileage discrepancies, and more.

What are the repayment terms for the loan?

Borrowers generally get the option of tailoring their repayment plans according to their budget and needs. The standard repayment terms starts from 12 months to 36 months with an option of 18 months if needed. The interest is usually charged on a monthly basis, but if you repay the loan early, you will not incur any extra charges.

Hopefully these FAQs have answered any questions you may have regarding V5 loans. If you have any further questions then simply complete the form on this page and you’ll be put in touch with an advisor who can advise further.