Benefits of Logbook Loans in 2023

Get your logbook loan today!

We have worked hard to ensure that applying for online logbook loans is simple and straightforward. As a short-to-mid term flexible loan option, logbook loans enable customers to take out a loan, using the value of their car as security.

So what are the benefits of logbook loans?

Logbook Loan Benefit #1 - We consider applications where other lenders may not bother!

Our bespoke technology combined with experienced sector specific underwriting resources means that we can take the time to properly look into your circumstances where other lenders won't bother. We appreciate that most people have a less than perfect credit file. We will take the time to discuss any past, present or future problems with you. As long as you can afford the repayments we will try our best to lend to you.

Logbook Loan Benefit #2 - Apply in your own time, on a mobile or any web-enabled device.

You can apply from the comfort of your own home or wherever you may be. No need to pop into a branch or store. Get distracted? No problem! You can log back into your application and pick back up where you left off. You can complete the application when its convenient for you without needing to restart from scratch.

Logbook Loan Benefit #3 – Keep driving your car.

The Bill Of Sale allows us to keep the loan secured by taking legal ownership of the vehicle It also allows you to keep driving the vehicle while your loan agreement is active.

Logbook Loan Benefit #4 - Funds usually within 24 working hours.

With a V5 Solutions logbool loan, if successful, you can have funds transferred into your chosen bank account usually within 24 working hours. With our straightforward application process, we carry out the necessary affordability and vehicle checks before arranging for the loan agreement to be signed and then transferring your loan payment to you.

Logbook Loan Benefit #5 - Repay early and save interest.

Please note that included in any quoted early settlement figures is a one month penalty for settling your loan early.

Logbook Loan Benefit #6 - We never charge any upfront fees to process your application.

There are no hidden fees when taking out a logbook loan with V5 Solutions. Before processing your loan, all fees and repayment terms are clearly communicated to you from the outset.

To find out more about how our £1,000 - £50,000 cash logbook loans work, click here!

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