Posts Tagged ‘installment’

Logbook Loans – Catch Cash Against Your Car

What is logbook?

Logbook is an authorized certificate that holds information of the owner’s car that includes car model number, VIN number and car engine number along with the owner’s name.

What are logbook loan?

It is a secured loan where in you can borrow money by placing your car’s documents. This loan allows you to avail a loan of amount ranging from $500 to $50,000 and it has simple repayment terms where in you can repay loan within 3 to 7 years.

Where can logbook loans money are utilized?

  • Paying home installment
  • Paying off your previous debts
  • Go for a vacation
  • Spend on a grand wedding
  • Sudden high electricity bills

Eligibility terms:

  • Permanent resident of UK along with an identity proof.
  • Applicant must possess a car in his/her name.
  • His/her age should be above 18 years.
  • He/she must possess an active bank account.
  • He/she must have a minimum salary of £1000 with a stable job.

Having poor credits like insolvency, late payments, CCJ, foreclosures, bankruptcy, defaults and arrears among will not have any effect on your eligibility. These loans don’t look into your credit statements hence known as ‘no credit checks loan’. Thus, there is no need to get hesitant before applying for this loan. You can avail the loan quickly, in many cases within 24 hours.

Search online for the lender who offers you financial help at reasonable interest rates and easy repayment terms. Do consider different terms and conditions to avoid any problem in the future.

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