Why should I choose you as my logbook loan lender?

For one, we are reputable, credible, licensed, tried and tested and offer the most affordable logbook loans in the UK market. We put the needs of our clients before our own and go beyond the call of duty to ensure that you are hooked with the best logbook loan product in tandem with your needs and expectations. Our customer personnel discharge their duties with professionalism and ensure that the services they offer our customers are beyond reproach. Last but not least, we ascribe to total quality management principles with a bias in continuous improvement and customer satisfaction!

What exactly do I need to qualify for a logbook loan with you?

We pride ourselves as a provider that understands the needs of our customers and therefore strive to make the logbook loan application as simple as humanly possible. In this regard, we only require that you be a United Kingdom citizen residing within the UK, be 18 years and above, own a car registered under your name and in good condition and lastly to provide some proof that you are in employment and receive income on a regular basis.

I have bad credit. Do I have to be worried that you won’t consider my application?

The last thing you need to worry about when applying for our logbook loan products is your credit score. At no time do we deny a person an opportunity to apply and be approved for a logbook loan based on their credit score. We do not run credit checks as a basis to decline your application but rather to hook you up with the best logbook loan product. As such, you need not be worried about the status of your credit history.

What is the approximate period of repayment?

The beauty about logbook loan products is that we give you the opportunity to choose the period you wish to make repayments. In other words, we are flexible and you can make repayments in under a year, in 24 months or at times 36 months. It all depends on how comfortable you are with making repayments. Basically, the longer the period of repayment, the smaller the amount of money you repay in a month.

I have a car that is more than 10 years old. Can you accept it as collateral?

Unfortunately, we only accept as collateral cars that are less than 10 years on the road. The only time we can accept a car that is more than 10 years is vintage cars in good condition. However, this is an exception rather than the rule and therefore happens on rare occasions.

What is your most acceptable mode of making repayments?

In essence, the mode of repayment is at your discretion provided that you do not default or miss payments. However, we mostly recommend payment through debit deduction. This is where you agree with your bank to have an agreed amount of money deducted from your bank account and go towards logbook loan repayment.

What happens if I encounter some form of financial problems and can’t keep up with repayments as agreed?

We fully understand that things will not always be smooth and there might be times when you encounter financial problems. When such a thing happens, our advice is that you reach out to us so that we can draft a new agreement that inadvertently reflects your new financial situation. However, failure to do so and if our communications to you are ignored over a period of time, we might be forced to repossess your car.