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Quick Logbook Loans in Fenny Bentley

Enquire Online Today! - 22 Aug 2019

logbook loans Fenny Bentley

Logbook Loans Fenny Bentley


Get easy, convenient cash with Fenny Bentley logbook loans

Fenny Bentley logbook loan quotes

Borrow money against the current value of your car and lend from £400 to £50,000 whilst still driving it! Assuming your car is currently finance-free your loan can often be arranged quickly and your money provided within 24 hours!

Fenny Bentley Logbook Loans don’t require you to undergo credit checks or jump through hoops unlike other loans, which is why they’re so popular! Have any of your loan applications been declined in the past? Whatever the reason, this solution could provide you with the funds you need.

Any funds borrowed against your vehicle can be used for any purpose... clear some debts, go on holiday, boost your cashflow, whatever you decide to do the choice is yours.

No obligation: The obligation-free quotes you receive by applying online mean there is never any pressure to commit to a loan.

Accessible loans: You won’t have to worry about a poor credit history too with a Logbook Loan as your application could well be approved.

Use your car: You can carry on driving your car whilst borrowing money against it’s value with a Logbook Loan!

60 secs online application: The easy form you can see on this page is all you need to complete to get a free Fenny Bentley Logbook Loan quote!

Any reason loans: Your loan is yours to spend however you wish, so if you want to clear some debts or go on holiday the choice is yours!

Flexible loans: Your borrowing needs are likely to differ from that of others, so apply online and speak to someone direct about your own individual needs.

Applying for Fenny Bentley Logbook Loan quotes is a simple process too, just use the online form to provide us with some basic information about both yourself and your vehicle, finally you will be contacted by a Logbook Loan specialist who can provide you with a free quote and further information.

Free quotes for Fenny Bentley Logbook Loans are just around the corner, so apply online today to see how much you can lend!

logbook loans for older cars

Do Older Cars Qualify For Logbook Loans?

Yes! Well with us they do... though that’s not always the case with other Fenny Bentley V5 lenders. Many other Derbyshire companies will limit the age of an eligible vehicle to just 8 years whereas our lenders base the loans on the value of your car, so age isn’t as important. That means if you drive an older car then you could still borrow against it, and with loan amounts of £400 up to £50,000 there is every chance your vehicle will qualify. Enter your registration to find out today.

loans against classic, vintage and prestige cars in Fenny Bentley

Borrowing Against a Classic or Prestigious Vehicle

Fenny Bentley 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 Fenny Bentley 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 Derbyshire

Self-Employment - Refused Elsewhere?

Being refused a loan is a common occurrence if you work for yourself, most Derbyshire lenders need to see a more stable income to feel comfortable enough to lend. When lending against your car you use your vehicle as security for the repayments, thus reducing any risk associated with the lender. For this reason you may find that you are eligible for a loan even if you are self-employed in Fenny Bentley. You will still have to prove you can afford the repayments however.

Fenny Bentley business v5 loans

Looking for a Business Loan?

Are you interested in a logbook loan for your Fenny Bentley business? It’s certainly possible to enquire with lenders about business loans, though they do have a few requirements. The car used as security will need to be in the name of the enquirer, or if it is registered in the company name, then the enquirer’s name should also be included in the company name. For example, John Davis may be able to obtain a logbook loan if his car is registered under Davis Contracting. Check with your individual lender for more information.

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

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

Your FAQs Answered

Getting a V5 loan is straightforward, but we know there are a number of questions you might like answered. We’ve compiled a list of some of the more frequently asked questions we receive concerning Fenny Bentley logbook loans.

How do they work?

Quite simply the way Fenny Bentley Logbook Loans work is that you use your car as security in order to receive a loan against the value of it. In order to receive the loan you need to own the car yourself (or have very little finance on it) then hand over the V5 document in exchange for an agreed amount of up to 80% of the car’s value. You can carry on driving your car throughout the loan period, and once repaid your V5 document is returned to you. They are particularly popular in Derbyshire as they can often be available to residents with poor credit scores.

What documents should I supply to proceed?

Loan enquiries are not complicated, and most can be completed in just a few minutes. After providing some basic information about yourself, you should be prepared to provide copies of your photo ID, V5 documents, current MOT, most recent utility bill (must be in your name), proof of car insurance, and proof of income, which may be a copy of your bank statement or several payslips.

Are Derbyshire 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. Derbyshire 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 Fenny Bentley V5 Loans a great idea for many.

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

Yes, Derbyshire 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 Fenny Bentley 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 Fenny Bentley 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, Derbyshire residents with bad credit score may still be eligible to secure a loan with V5 lenders, as compared to the more conventional Derbyshire 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 Fenny Bentley logbook loans you need to be able to prove that you can afford the monthly repayments. Responsible lending means that Derbyshire 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.

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 Fenny Bentley V5 loans should show up on a HPI search as a Bill of Sale Agreement. A ruling was introduced that requires Derbyshire 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 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.

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.