V5 Solutions logbook loans are a convenient short-term alternative to money lending that is an ideal way to help fund unexpected financial costs that crop up out of the blue.
They are particularly useful for the months where you find you have less money than usual. Perhaps you have dentist costs or a higher electricity bill than usual and you only have a little disposable income remaining in your account. If so, a logbook loan is a great way to help solve that problem.
The application process for our same day logbook loans is extremely straightforward and can be completed in the comfort of your own home or at work as long as you have internet access.
The application for a V5 solutions logbook loan should take no longer than five minutes and this makes it far more convenient than a banks approach. As long as you meet our basic criteria we can quickly and easily grant your a logbook loan which will be paid out in just a few hours.
As bank opening hours are not always convenient for consumers who are at work, traditional loan applications can be very time-consuming, making the time taken to authorise logbook loans far more attractive.
Credit checks for quick cash
When processing applications for logbook loans we do not base our decision on your entire credit history, but we focus on your current ability to repay the loan instead. This is beneficial to people that have a negative credit history which may make them unable to gain a traditional loan from their bank.
The fast process of quick cash loans is a great advantage as individuals may be able to get the cash they need when they need it as opposed to having to wait days or even weeks for approval from banks. V5 Solutions logbook loans are therefore a popular option for those facing financial difficulties.
APR for logbook loans
All lenders charge interest on loans and our V5 Solutions logbook loan rates are between 9.9-13% per month. Payday loans rates are higher, usually around 25-30% per month. Annual percentage rates (APR) are a way of comparing different lenders but whilst short term loans like logbook loans and payday loan rates have to display their APR, they can be a confusing representation of their service.
It is important therefore to carefully consider all the features and costs of your V5 Solutions logbook loan. You can find out the typical loan repayments of our loans right here. If you have any questions just give us a call or email is and we can help answer any questions you might have about our logbook loans.
Please remember to see our Representative Example at the bottom of the page.