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Effortless Logbook Loans in Chorleywood Bottom

Enquire Online Today! - 08 Dec 2021

logbook loans Chorleywood Bottom

Logbook Loans Chorleywood Bottom


Looking for quick cash? Chorleywood Bottom logbook loans are for you

Chorleywood Bottom logbook loan quotes

Did you know that lending anything from £400 up to £50,000 and keeping on driving your vehicle is possible? The money can even be yours in less than 24 hours providing your car doesn’t have any finance attached to it!

Chorleywood Bottom Logbook Loans have established themselves as one of the most popular loan types with no hoops to jump through or credit checks. Are other loan providers declining your applications? If so then enquiring online here could be the solution for you.

You can spend the borrowed money on anything you like too... perhaps you have some debts that need paying off or you want to go on holiday, with Logbook Loans your money is delivered quickly so you can do what you wish!

No risk quotes: Your free logbook loan quote is totally obligation-free and therefore risk-free, so apply online today to see how much you could loan!

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!

Stay mobile: You get to keep the keys to your car with a Logbook Loan, so you can keep on driving throughout the duration of the loan.

Simple online application: It couldn’t be easier (or faster!) to apply online for your no-obligaiton Chorleywood Bottom 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!

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.

This website makes the Chorleywood Bottom Logbook Loan application process simple too, we just need some basic information about you and your vehicle which can be sent via our online form (in less than 60secs!), you will then hear from a loan provider direct to discuss your application further.

Your free no-obligation Chorleywood Bottom Logbook Loan quote is just around the corner, so why not apply online today?

logbook loans for older cars

Older Cars and Logbook Loans

Do you have a car older than 8 years? If so you might well have been refused a loan elsewhere as many Chorleywood Bottom v5 lenders restrict the age of the car they will lend against. That isn’t the case with our service however, as we base all our lending on the value of the car. So if your car is older than 8 years you can find out how much you could lend by simply entering your registration above.

loans against classic, vintage and prestige cars in Chorleywood Bottom

Lending Against Prestigious, Vintage and Classic Vehicles

Enquiring about a loan for a prestigious or vintage/classic car? You could be eligible to borrow against all prestige makes and models including Porsche, Aston Martin and Bentley plus classic car makes such as Morgan or Triumph. If you are in Chorleywood Bottom and the owner of one such car then simply get in touch today to see if you could borrow against the current market value.

no credit check Chorleywood Bottom logbook loans

No Credit Check Logbook Loans?

It’s actually a misconception that you can get a loan against your car without having your credit history checked. In actual fact all applicants undergo credit checks. The fact that your car is used as security however often makes this type of loan more attainable than others so they can be popular with people who have less than perfect credit scores. You may find this type of loan an ideal solution if you have been refused a more traditional loan.

loans for self employed in Hertfordshire

Refused Elsewhere Due To Self-Employment?

Obtaining a loan when you are self-employed in Chorleywood Bottom can be difficult as it is often hard to prove income stability. A loan against a logbook could provide the funds you need as your car is used as security against the loan making it less-risky for Hertfordshire lenders. Why not enquire online to discuss your lending needs? Please be aware that you need to demonstrate your ability to make repayments as part of responsible lending requirements.

Chorleywood Bottom business v5 loans

Logbook Loans for Companies?

Getting a logbook loan using your Chorleywood Bottom 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.

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

Loan Value Calculator

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

7000
80%

£5600

Chorleywood Bottom V5 Logbook Loan FAQs

It’s only right that you have all the information you need before proceeding with your Chorleywood Bottom logbook loan application. Here are a list of answers to the more frequently asked questions we receive:

How do Hertfordshire Logbook Loans work exactly?

The principal of borrowing against your car (or a V5 loan) in Hertfordshire 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 Chorleywood Bottom 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 exactly will I need to apply?

You will need your logbook, current MOT, driver’s license or other photo ID, proof of income (bank statements or payslips), proof of insurance, and proof of Hertfordshire residency (such as a utility bill) to successfully enquire about a loan. Although all lenders have different guidelines when it comes to approvals and some may ask you to provide additional documents, these are universal for the prevention of theft and the reduction of risk.

Why might a Logbook Loan be a good idea?

If you live in Chorleywood Bottom, have bad credit history, have been refused a loan elsewhere or simply need some fast money to spend on whatever you like then getting a loan against your V5 document can be a good idea. Using your car as security makes this type of loan more accessible to Hertfordshire residents with poor credit scores which is why they are so popular nowadays. So long as you can afford the repayments then they could be the answer to your lending needs.

Can I get a Logbook Loan if I am unemployed?

If you have tried to apply for Hertfordshire 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. Chorleywood Bottom 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.

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

Quite possibly yes! In fact Hertfordshire 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 Chorleywood Bottom applicants are still credit checked, but may find this type of loan more accepting than others.

I can’t prove my current income... does that matter?

Responsible lending entails only lending money to Chorleywood Bottom applicants who can prove that they can afford the monthly repayments. It’s a way of trying to avoid accounts entering into arrears and even the repossession of a vehicle. Chorleywood Bottom v5 logbook loans are only offered to those who can prove that they can make the repayments, so if you have trouble doing so it’s best to get in touch to discuss the best option for your lending needs.

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.

Do V5 Loans show up on HPI checks?

V5 loans should show up on any HPI checks, and are displayed as a Bill of Sale agreement. However, this isn’t always the case. In case you conduct the HPI check, and follow the purchasing guideline, then you’ll be protected by the HPI guarantee in case it turns out that there’s a V5 loan against the vehicle.

How long do the repayment terms last?

Repayment terms start from 12 months to 36 months. 18 month repayment periods are also available. The larger the loan amount you borrow or apply for, the more flexible the loan repayment terms will be. If you are able to pay off the loan early, you will not incur any extra charges. As a matter of fact, it’s advisable to pay off the loan in advance since you will pay much less money in terms of monthly interest, in the long run.

To find answers to any further queries you may have then simply get in touch today using the short form you can see above. You’ll be contacted by an advisor who can answer any questions you have to see if a V5 loan is for you.