Logbook money is a UK based financial company that gives loans to people against the logbook or the V5 of the car. Logbook money is a reputed company and is trusted by many people. Many of you might not know about what logbook loans are all about. Thus before you think of taking a logbook loan you must have a complete idea about it. Following are some important information about logbook loans that you must know:
Logbook loan: what is it?
Logbook loans are given against the logbook of the car. There is no importance given to your credit score. You can apply online and after your application is approved you will get the money within 24 hours. At logbook money we make it sure that the identity of the client is not disclosed.
Procedure of getting a logbook loan
The basic requirement of getting a logbook loan is that you need to own a car. The best part is that even though t he loan is given against the logbook of your car. The car remains with you. At logbook money we do not enquire the reason fore which you are taking the loan.
Criterias for getting a logbook loan
There are certain conditions that you must fulfill to get a logbook loan. The car must be under 8 years of age. It must be in a good condition. The person who wants to take a logbook loan must be above 18 years of age and must be the owner of the car.
You must have all the required documents along with you. These are certain simple criterias that we look into.
Amount of money that can be borrowed
The amount of money t hat you will get depends completely on the current value of the car and the condition of the car. At logbook loans we lend an amount of 500 to 50000. If the value of your car is more you can even get more amounts.
Important thing that you must keep in mind
Even if the car remains with you, you will not be permitted to sell the car until you have repaid the loan amount. The logbook of the car will be kept with us as a security. Once you have cleared your debt the logbook of the car will be returned to you immediately.
These are certain key facts about logbook loans. Thus it is completely up to an individual to decide whether they want to go for a logbook loan after knowing all the facts.
Logbook Money believes in giving the best to their customer and also maintains a constant rate of interest. If you want to know more you can visit our website http://www.logbookmoney.com or you can also visit our office at Douglas House, Ripley Drive. Normanton Ind Est., Normanton, West Yorkshire, WF6 1QT or you can even call us at the toll free number 0800 14 22 600, your calls will be answered for 24 hours.