Log Book Loans

Raise money against the value of your car.

Same day service. You receive your money the same day.

Loans from £500 upwards

A log book loan is secured on the logbook (V5) of your vehicle. We keep the log book for the duration of the loan whilst you continue to drive your car.

We can help if the following applies:

• Your vehicle should be clear of any finance
• Your vehicle must be insured, taxed and mot'd
• You can demonstrate regular income
• Log book must be in your name

Applications for classic cars are also welcome.

Our log book loan rates are highly competitive. Please do compare the total cost of a similar loan for any given period elsewhere!

It is the’ total cost’ that is important, as some companies quote weekly payments that at first appear more manageable. But when front loaded fees and redemption charges are considered, they are actually far more costly! Our log book loans are repaid monthly.

Loans can be redeemed at any time and you only pay for the amount of time that the loan has been outstanding.

There are no 'Commitment' or 'Admin' fees loaded at the front end. As such, our log book loan service makes an excellent short term or bridging solution for your financial needs. We give you total flexibility.

How much does it cost?

Example of a loan for £1000

Repayments of £153.33 per month for up to 12 months
Interest rate 7% per month
APR 246.32%

Examples of total amount repayable if you settle within:

1 month = £1070
2 months = £1140
3 months = £1210
6 months = £1420
8 months = £1560
12 months = £1840

For a longer term solution, a different loan facility may be more appropriate.

Please do ring us for more information. If you wish to proceed we will ask you about your car and about yourself in order to ascertain whether we can help.

We are committed to responsible lending. We will not lend you money that we do not believe you can pay back. That is why we ask for details of your income.

Loans are signed at our offices in Ilford Essex. (Unfortunately, we do not offer an online or distance service)