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Quick Logbook Loans in Tremorfa

Enquire Online Today! - 17 Jan 2019

logbook loans Tremorfa

Logbook Loans Tremorfa


Lend cash from your car with Tremorfa logbook loans

Tremorfa logbook loan quotes

You can carry on driving your car and borrow anything up to £50,000 by lending against your vehicle. The money can even be yours in less than 24 hours providing your car doesn’t have any finance attached to it!

Tremorfa Logbook Loans are now one of the most popular loan types because you don’t need to jump through hoops and undergo credit checks. Have any of your previous loan applications been refused? If so this could be the loan for you.

The money you lend can be used for any purpose you like... how about clearing some other debts, or putting some money aside for a holiday? The choice is entirely yours to do what you like with the money.

Risk-free quotes: Get a free no-obligation quote to see just how much you could release from the value of your car without having to commit.

Poor credit history? If you have ever been declined a loan due to your credit history then you don’t have to worry, you may still be approved!

Continue driving: You can continue to drive your car as normal for the entire loan duration whilst lending money against it with a Logbook Loan.

One minute application: You can apply for your Tremorfa Logbook Loan in les than a minute using our simple online quote form.

Any use loans: If you’re looking for a loan that doesn’t restrict what you can spend the money on then a Logbook Loan is for you.

Loan periods to suit you: Your loan can be tailored to suit your needs. Just chat to the specialist to see what options are available to you.

The process of applying for Tremorfa Logbook Loans couldn’t be simpler too, our application form takes just 60 seconds to complete and that’s all you need to do, you’ll then hear from a loan specialist with whom you can discuss your loan requirements.

Why not get yourself a free Tremorfa Logbook Loan quote to discover just how much you could borrow today?

logbook loans for older cars

Logbook Loans For Older Cars?

Other Tremorfa 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 Tremorfa

Borrowing Against a Classic or Prestigious Vehicle

Tremorfa 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 Tremorfa 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 Cardiff

Refused a Loan Due To Self-Employment?

If you’re self-employed then you may well have been refused a loan elsewhere as most Tremorfa lenders want to see a regular income. By using your vehicle as security against a loan, you may find that a logbook lender is more sympathetic to those that are self-employed in Cardiff as there is less financial risk involved. Being responsible lenders however means that they still need to be sure that you can afford the repayments each month.

Tremorfa business v5 loans

Logbook Loans for Companies?

Getting a logbook loan using your Tremorfa 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.

Borrow From £400 to £50k - Examples

If you are eligible for a loan then you can release up to 80% of your car’s market value, which can be anything from £400 - £50,000 covering most lending requirements. We’ve created a list of lending examples so you can get an idea of loan amounts in 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

Loan Value Calculator

Use the sliders to see how much you could lend against your logbook in Tremorfa, up to a maximum 80%.

7000
80%

£5600

Logbook Lending FAQs

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

How does a V5 Logbook Loan work precisely?

It is a type of secured loan which provides a convenient and simple way of obtaining money for Tremorfa residents, and all credit rating is considered. The amount you’re entitled to borrow is normally determined by your vehicle’s value, and the amount you are able to repay, instead of your employment status or credit history. This means that Cardiff residents, even if they’re self employed, or suffer from poor credit rating may still qualify for the loan; provided they can afford to repay it. You basically borrow the cash on an understanding that in case you do not pay the money back in the stipulated time, the lender can re-possess your vehicle.

What documents do I need to apply?

When you enquire about a loan, lenders do their best to not only prevent fraud, but also to reduce risk. For this reason, you will need several different documents. Your government-issued ID, a copy of your logbook, proof of insurance, a utility bill for proof of Cardiff residency, a current MOT, and proof of income are all requirements when you enquire. Make sure you have the most recent versions of these for the best chances of being approved.

Why opt for Tremorfa Logbook Loans?

Unlike other types of loan, the requirements needed for borrowing against your vehicle are minimal. You simply need to meet a few requirements; that is, you must be of the legal age, and own a car (or have very little finance remaining) which you can offer for collateral. If you meet this criteria and live in Cardiff, you are free to apply for this type of loan. So long as you are the car owner, you may be able to obtain the loan even if you’ve a history of default. The amount of money you can borrow normally depends on the value of the car you’re using for security. Also, if you’ve finance on the car already, some Tremorfa loan lenders might still lend you some money, so long as the car is worth more than what’s owed on it.

Can I get a Logbook Loan if I am unemployed?

If you have tried to apply for Cardiff personal loans at the mainstream sources like banks, and you have been refused you should consider applying with a logbook lender. Even if you are unemployed, you will still be considered. Tremorfa Logbook lenders are interested in your current ability to repay the loan, which means even if you have a bad credit history and you are not employed, you might still qualify. You simply need to prove that you can afford the repayments so as to avoid extra charges, delays, and the possible repossession of your car.

What about Cardiff residents with poor credit scores?

If you have a poor credit score and you need to borrow, a loan secured against your vehicle might well be a solution. The logbook loan procedure is usually very straightforward, and you can often get the money on the same day. Although you will still have to undergo a credit check, due to the security of your car as collateral you may find it easier to be accepted. When taking out the loan against your vehicle, your Cardiff loan lender will need you to hand over the vehicle’s V5 document or logbook, alongside some other requirements like Tremorfa billing address, proof of identification, MOT certificate and proof of income.

What happens if I can’t prove my current income?

Cardiff V5 lenders need to see proof that you can afford the monthly payments so you don’t risk going into arrears or even risk losing your vehicle. Being responsible lenders means only lending to Tremorfa applicants that have the means to prove that they could afford to pay it back. If you think you might have trouble proving your income, then please get in touch to discuss the lending options that might be available to you.

During the loan, who maintains the car?

A v5 loan is a type of secured loan that is provided to you based on the value of your car. Because you are able to maintain possession of the car throughout the loan duration, it is also your responsibility to maintain it. Maintenance includes continuous insurance coverage, regular servicing, and MOT checks as required. Although your lender is aware that some additional mileage and wear and tear is possible, anything above and beyond normal depreciation should be reported to your lender immediately.

Will my HPI check show any Logbook Loans?

All loans such as Tremorfa V5 loans should show up on a HPI search as a Bill of Sale Agreement. A ruling was introduced that requires Cardiff lenders to register every loan with companies such as HPI. If for any reason you find there to be a loan against your vehicle which did not show up on a HPI search, then you will be entitled to up to £30,000 according to the HPI guarantee.

How long are the loan repayments?

Logbook lending repayment periods can take up to 36 months, which means that you get to spread the repayment for a long period of time. You can decide to make your repayments based on the schedule you’re comfortable with. You can choose the 12 months repayment period, the 18 months repayment period or the 36 months repayment period. Also, if you choose to repay the loan early, you will not be penalised.

If you still have any unanswered questions regarding borrowing against your vehicle then simply get in touch direct using the form you can see above. An advisor will call to discuss your requirements and answer any queries you have.