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First-Rate Logbook Loans in Shooters Hill

Enquire Online Today! - 13 Dec 2019

logbook loans Shooters Hill

Logbook Loans Shooters Hill


If you need quick cash then Shooters Hill logbook loans are for you

Shooters Hill logbook loan quotes

Borrow money against the current value of your car and lend from £400 to £50,000 whilst still driving it! They’re fast too... if your car is free from finance your loan could be arranged and delivered the same day!

If you don’t want to jump through hoops and have your credit score checked then Shooters Hill Logbook Loans are the obvious choice, and have become very popular. If you need a loan but have been refused elsewhere then this could provide you with the funds you require.

Whatever amount you borrow can be spent on anything you like... a Logbook Loan gives you the flexibility to do whatever you like such as pay off other loans or put the money towards a holiday!

No obligation necessary: Join hundreds of people who apply for a free quote every single day! No risk and no-obligation necessary.

Accessible loans: You’ll be pleased to hear that your credit history might not scupper your application. Great if you’ve been refused before!

Carry on driving: Lend money from the value of your car and carry on driving it at the same time with a Logbook Loan!

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

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.

Loans that suit you: All situations are different, so why not get in touch to discuss the very best lending option for your circumstances?

It’s easy to apply for your Shooters Hill Logbook Loan too, our application form takes just 60 seconds to complete and that’s all you need to do, a loan provider will then get in touch direct to discuss your needs and to provide a free no-obligation quote.

Find out more about Shooters Hill Logbook Loans and discover how much you could loan by applying online for a free quote today!

logbook loans for older cars

Are Older Cars Eligible For Logbook Loans?

If you drive an older car (8 years or older) then you will be pleased to know that you might still be able to take a loan out against it! Many other Shooters Hill logbook lenders will restrict the age against which they will lend, however our lenders base the loans on the value of your car. With lending amounts from £400 to £50k most cars are covered... and by simply choosing your make and model on the form above you can enquire today!

loans against classic, vintage and prestige cars in Shooters Hill

Classic, Vintage & Prestigious Car V5 Loans

If you own a more desirable car, be it a classic or vintage car, or even a prestigious model then the loan process still applies. You can lend against the current market value of the vehicle which makes most makes and models eligible to borrow against. So if your car takes pride of place in the Shooters Hill classic car club such as a Mercedes or Morgan, or it is a prestige model such as a Bentley or Rolls-Royce a V5 loan might be an option.

no credit check Shooters Hill 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 Greenwich

Self Employed - Been Refused Elsewhere?

It has always been a problem for the self-employed in Shooters Hill to get a loan as most lenders want to see a more secure income. Greenwich 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.

Shooters Hill business v5 loans

Looking for a Business Loan?

Are you interested in a logbook loan for your Shooters Hill 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 - £50k

Your loan can be up to 80% of the current market value of your car which can be anything from £400 all the way up to £50k. With such as large range a V5 loan covers most borrowing requirements. We’ve compiled a table of lending examples for you to see 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

Shooters Hill Loan Calculator

Slide the car value and loan percentage sliders to see how much you could lend against your car in Greenwich.

7000
80%

£5600

Answers To Your Questions

Logbook loans are generally a very straightforward type of loan, but we’re sure you have a number of questions so have compiled answers to some of the common questions we receive from Shooters Hill applicants.

How do Greenwich V5 Logbook Loans work?

Borrowing against the value of your car, or V5 loans are a form of secured lending where Shooters Hill borrowers temporarily transfer ownership of their car via the V5 document in exchange for an agreed amount. You need to own the car yourself (although a small amount of finance is allowed) then you simply hand over the V5 document to the lender. You can borrow up to 80% of the car’s current value, and repay the loan in instalments up to 36 months (early settlement is not penalised). V5 loans are popular with Shooters Hill residents as they are frequently more accessible to those with lower credit scores that might have been refused elsewhere.

What will I need to apply?

You’ll need to provide several forms of documentation before you can successfully enquire about a loan. Of course, the most important of these are your valid photo identification and your V5 documents, or logbook, as these will prove that you are the rightful owner of the car you want to use as security. You should also bring a current MOT, proof of insurance, and a copy of your most recent utility bill (in your name) to prove your Greenwich residency, along with payslips or bank statements that show your income.

Why are Logbook Loans in Shooters Hill a good idea?

This kind of loan is ideal for Greenwich 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 Shooters Hill 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!.

I’m currently unemployed, can I get a Logbook Loan?

One of the key requirements to taking out Greenwich loans against your vehicle logbook is that you can prove to the provider that you can afford to make the monthly repayments. This is part of a responsible lending approach that helps ensure you do not default on your payments and risk your vehicle not being returned. Therefore if you are in Shooters Hill and unemployed you still need to be able to prove that you can afford the repayments to qualify for the loan.

Does a poor credit score mean no loan?

If you have been refused a loan elsewhere in Greenwich, a loan secured against your car might be the solution because of the easy application process and simple requirements. Although all Shooters Hill loan applicants are still credit checked, these loans can often be a solution for those with a poor credit score, but own a car which they can use as collateral. As responsible lenders, credit checks have to be undertaken so as to establish whether the loan is affordable. However, people with poor credit scores may still find themselves eligible to borrow.

I can’t prove my income, is that a problem?

Shooters Hill V5 logbook loans can be advantageous for borrowers with poor or little credit history. Being unemployed, self employed, having arrears, CCJs, or bankruptcies can make one a bad credit borrower, and the traditional Greenwich lending institutions will most probably refuse your loan application due to the high risk associated. With a loan against your car, you might still qualify even if you have poor credit so long as you can prove you’re able to make the repayments in a timely manner. Responsible lending is designed to help prevent the risk of you losing ownership of your car. Since different people have different circumstances, it’s advisable to to get in contact to discuss your particular situation.

Am I responsible for car maintenance?

As part of your loan agreement, it will be your responsibility to maintain your car’s value for the entire term. Lenders do expect some wear and tear (as well as additional mileage) since you will keep possession and use of the car, but you should report any significant damage, mechanical failures, or events that depreciate your car’s value significantly. In the meantime, it is also your responsibility to carry insurance at all times, to have regular MOT checks performed, and to have the car serviced.

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 is the repayment period?

Lending against your car can be quite flexible when it comes to the repayment period. The period or length of repayment available is 12 months, 18 months and 36 months. However, if you have got the means, you are allowed to pay off the loan early without incurring any penalties. The interest is charged on a monthly basis, which means that paying off the loan early results in reduction in the overall amount of money you repay.

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.