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| Log Book Loans |
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| Log Book Loans |
| Logbook Loans offers simple and fast loans for people who may have been refused elsewhere. The 'Credit Crunch' is biting, which is causing more and more people to fall into the sub prime market.
- Logbook Loans offer a loan which is secured against the value of a vehicle using the log book. This could be a car, van, motorbike or anything which has a logbook!
- No Credit Check: A no credit check loan with Logbook Loans is a very simple loan that can be obtained in just a few hours. Logbook Loans appeals to anyone who may have had problems obtaining credit in the past.
- Rapid Access to Cash: Logbook Loans are able to make cash available within 24 hours of the customer’s application. It is entirely possible that a customer can apply for a loan in the morning and receive the cash as cleared funds into their account the same day!
- Loan Amounts: Applicants can borrow anywhere from £500 to £50,000 which is dependent on the value of their vehicle which is based on The Glass’s Guide valuation.
- Flexible Loan Period: The standard loan term is 78 weeks; however customers can choose to settle their loan early without any penalties.
- APR: The Logbook Loans APR reflects the fact that the applicant does not have to pass a credit check and is not subject to any other qualifying criteria such as employment or income details. This needs to be considered when making a comparison against other loan products.
The main concern for the vast majority of Logbook Loans customers is affordability, i.e. the requirement for cash and the cost of the repayments.
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