Logbook loans in Leicester, across the city and the shire.
Live in Leicester, Oadby, Wigston or Birstall? Borrow £1,000 to £50,000 against a vehicle you own, apply online, and keep driving it while you repay.
A UK direct lender you can rely on
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Established 200915+ years lending
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Thousands of driversTrusted us with their car
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Rated Excellent 4.9 / 5 from 246 Trustpilot reviews (opens in a new tab)
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UK based teamReal people, real phone line
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FCA authorisedFirm reference 680947
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ICO registeredYour data protected
Driving in Leicester
A city of ring roads and river valleys.
Leicester grows out from the River Soar, and the roads fan out with it. The M1 and M69 meet to the south west, the A46 runs past the western edge, and the outer ring road ties Birstall, Glenfield, Oadby and Wigston back to the centre. Plenty of people cross the city by car every day.
Buses and trains cover some of those trips, but not the early starts, the late finishes or the run out to Loughborough, Hinckley or Market Harborough. If your car, van or motorbike is yours and free of finance, you can borrow against it and keep driving it.
How it works in Leicester
No branch to visit, just a phone and a signing agent.
You apply online, at any hour, from your phone or computer. There is no branch to visit. Once your application is in, an underwriter usually calls within 2 working hours to talk it through with you and answer your questions. Take your time on the call and ask whatever you need to.
If your loan goes ahead, a signing agent visits you, usually within 3 working hours of your loan being agreed, to witness the Bill of Sale and photograph you with your vehicle. The loan is usually complete within 24 working hours, and we send the money by bank transfer.
What you can borrow against
Cars, vans and motorbikes you own outright.
We lend against cars, vans and motorbikes. The vehicle must be yours, free of finance, insured and taxed. Cars under 15 years old are more likely to be accepted, so a newer family hatchback or work van is a good place to start, though older vehicles can still be considered.
What you can borrow, from £1,000 to £50,000, depends on the value of your vehicle and what you can afford to repay. It does not depend on where you live. Poor credit is considered, subject to affordability, and your quote starts with a soft search.
If you fall behind
Tell us as early as you can. We will work with you on a payment arrangement or a reduced repayment plan. Repossession is only ever a last resort.
Your car may be repossessed if you do not keep up repayments on a loan secured against it.
Questions from Leicester drivers
How quickly could I get the money?
Apply online at any time. An underwriter usually calls within 2 working hours, and the whole process is usually complete within 24 working hours. The money comes by bank transfer.
Will getting a quote affect my credit score?
No. Your quote uses a soft search, which does not affect your credit score. We only look more closely once you decide to go ahead.
Can I apply from Loughborough or Hinckley as well as Leicester?
Yes. You do everything online and by phone, so your address in Leicestershire makes no difference to how you apply. A signing agent comes to you to witness the Bill of Sale, wherever you live.
I work shifts in Leicester. When can I take the underwriter's call?
Apply whenever suits you, day or night. An underwriter usually calls within 2 working hours, Monday to Friday, 9am to 7pm. If the timing is awkward, say so and we will do what we can to fit around your shifts.
Borrowing responsibly. We only lend when the repayments are affordable for you. Our service is not advised. If money is a worry, you can get free, impartial help from MoneyHelper (opens in a new tab), StepChange (opens in a new tab) or Citizens Advice (opens in a new tab).
Across the UK
We lend wherever you live.
Everything happens online and by phone, so you can apply from anywhere in the UK. See how it works elsewhere in the East Midlands:
Guides
Plain-English guides to logbook loans, credit and money.
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No Credit History or Bad Credit? Understanding the Difference
Two applicants, two refusals, two very different reasons. We explain how a thin credit file differs from a poor one and what helps in each case.
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Topping Up a Logbook Loan: Eligibility, Process and Risks
Topping up an existing logbook loan is sometimes possible. Learn the eligibility rules, how V5 Solutions assesses a request and the risks to consider.
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Five Times Your V5C Logbook Really Matters
From buying and selling to moving house and borrowing, here are five moments when an accurate V5C logbook makes a real difference to vehicle owners.
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Which Types of Loan Fit Which Situations? A UK Borrowing Guide
See how common borrowing needs map to the main kinds of credit. We explain UK loan types, from personal and secured loans to credit unions and BNPL, by everyday need.
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How Loan to Value Shapes the Size of Your Logbook Loan
Your vehicle's value and your budget together set how much you can borrow. Learn how lenders use loan to value and how it affects your logbook loan.
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How Modern Logbook Loans Work: A Worked Example
Follow one example borrower through a V5 Solutions logbook loan, from the soft-search quote and signing to repayments, settling early and the end.
Read guide