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Easy Logbook Loans in South Harefield

Enquire Online Today! - 20 Jan 2021

logbook loans South Harefield

Logbook Loans South Harefield


Lend cash from your car with South Harefield logbook loans

South Harefield logbook loan quotes

Should you need same day money then borrowing against your car could be the solution for you. Frequently the agreed loans can be completed in under a day if the car has no finance attached!

Other loans might slow you down with credit checks and hoops to jump through but not South Harefield Logbook Loans, which is why they’re so popular. If any of your previous loan applications have been unsuccessful then this might be the best solution.

The money you release from your car can be used for any purpose... the choice is yours, you could clear some other debts or go on a dream holiday. Logbook Loans give you the flexibility and freedom to decide yourself.

Free quotes: Apply online to get a free no-obligation quote. You don’t have to commit to any proposals, so why not apply today!

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.

Stay mobile: You can stay on the road and keep your car keys throughout the duration of a Logbook Loan whilst still borrowing money!

Apply online: Simply take a minute to complete our online quote application form to apply for your South Harefield Logbook Loan quote.

Your money: The loan is yours to spend however you wish, so if you have other debts to clear, want a holiday or anything else you can with a V5 loan.

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.

It’s simple to apply for South Harefield Logbook Loans as well, the quote application form on this page won’t take more than a minute to complete with some basic details, shortly after you will be contacted to discuss your loan requirements direct.

With free no-risk quotes available in minutes, why not discover just how much South Harefield Logbook Loans could allow you to lend?

logbook loans for older cars

Older Cars Are Eligible Too

Loans against logbooks aren’t just for newer cars. Though some South Harefield lenders only let you borrow against cars under 8 years old, the Hillingdon lenders on our network look at the value of your car and so consider older cars for a loan too. The simple way to determine if your car qualifies for a V5 loan is to simply complete the form you can see further up the page choosing your vehicle make, model and year from the menu.

loans against classic, vintage and prestige cars in South Harefield

Prestigious, Classic and Vintage Cars

If you are a South Harefield classic car owner, or own a vintage or prestige car then you could still get a V5 loan. Based on the value of your vehicle you could borrow up to 80% of the current market value. So if you are the proud owner of a Bentley, Porsche, Maserati, Rolls-Royce or even a classic car then you can enquire in exactly the same way as any other car. Find out by enquiring online today.

no credit check South Harefield logbook loans

No Credit Check Logbook Loans?

Sadly not true. In fact all applicants are credit checked when applying. It’s a popular misconception that everyone is eligible, however don’t let that put you off from enquiring... as a vehicle is used as collateral against the loan amount you may find that this type of loan is more attainable than others. So if you’ve had a loan application denied before then this could be the perfect solution to your borrowing needs.

loans for self employed in Hillingdon

Self-Employment - Refused Elsewhere?

Being refused a loan is a common occurrence if you work for yourself, most Hillingdon 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 South Harefield. You will still have to prove you can afford the repayments however.

South Harefield business v5 loans

Small Business Loans?

Some logbook lenders may be able to provide you with a business loan, but you should be sure to check with individual lenders to make certain. If your company car is registered in your name, or if your name and the company’s name match, then it may be possible to obtain a logbook loan for your South Harefield business. Keep in mind, though, that if your vehicle is registered in a company name that does not match your own, most lenders cannot work with you.

Example Loan Amounts From £400

The table below shows some typical borrowing examples achievable with a V5 loan. The figures are based on a loan of 80% of the current market value of your vehicle. With lending amounts from £400 up to £50,000 most lending requirements are covered:

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

Using our online calculator is easy. Use the sliders to see how much you could borrow, then complete the form above.

7000
80%

£5600

Logbook Lending FAQs

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

How exactly do Hillingdon Logbook Loans work?

A loan using your V5 document is a loan that’s secured on your car, so the lender owns your car until you repay the loan. When taking out a loan of this type, you’ll be asked by the lender to hand over the car’s V5 registration document or logbook. You can keep using your car as you repay the loan. You won’t get the logbook back until you have cleared the debt. If you default on the loan payments, your car can be seized by the lender.

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 Hillingdon 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 are Logbook Loans a good idea?

They are often a good type of loan for South Harefield borrowers with bad credit scores because they consider all credit hostory. If other loan lenders refuse to offer or give you a loan because of your current credit score, why not apply for a V5 loan? If you own a car and want a loan that considers all applicants, Hillingdon V5 document loans could be the perfect solution. With this type of loan, you do not even have to go through the long and arduous processes you’d have with the banks.

I’m unemployed... can I get a Logbook Loan?

One requirement of taking out South Harefield V5 Loans is that you can prove to the lender that you can afford the repayments. It’s part of a responsible lending approach that helps ensure you do not default on any loan payments. Therefore if you’re in Hillingdon and unemployed, but can still prove you can afford the repayments then you may be eligible for a loan.

I’ve got a poor credit score... does that matter?

If you’ve got a bad credit profile and you are looking for South Harefield 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, Hillingdon residents with bad credit score may still be eligible to secure a loan with V5 lenders, as compared to the more conventional Hillingdon 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.

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

Responsible lending entails only lending money to South Harefield 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. South Harefield 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.

Who should maintain the car during the loan?

Lenders ask you to provide proof of insurance at the time you enquire for a loan because they want to mitigate their risk in lending by making sure you’re covered in the event something should happen to your collateral while it is still in your possession. Along those same lines, lenders will expect that you have regular MOT checks and that you have your car serviced regularly throughout the loan period. This helps to maintain the car’s value, which is the lenders biggest interest. If for any reason your car’s value should depreciate significantly, you should immediately notify your lender of the circumstances.

Will a Logbook Loan show on a HPI check?

Hillingdon lenders are required to register all loans against a car with companies such as HPI, so they should all show up (normally as a ’Bill of Sale’ agreement) on a search. If for any reason you discover a loan on your new car that didn’t show up on a HPI check then their guarantee will reimburse you up to £30,000.

What are the repayment durations?

You can choose to repay your loan in either 12, 18 or 36 month instalments. What’s more there is no penalty for settling your loan early so you could save money on monthly interest payments by repaying your loan sooner.

We hope these FAQs have answered any queries you may have had and that a logbook loan is the right choice for you. To find out even more, and get a free quote simply get in touch by completing the form on this page.