Logbook Loans

Use your car to get cash.
Same day cash loan against the value of your car.
Loans paid in Cash.

A log book loan is secured against the logbook (V5) of your vehicle by means of a Bill of Sale. We keep the log book for the duration of the loan whilst you continue to drive your car.
Click here for more information about Bills of Sale

Representative Example:
Borrow £1000.00 Pay £153.33 per month for 12 months. The total charge for credit is £840.00 for 12 months
The Annual rate of interest is 84% (flat fixed)
(The Total Amount Repayable for 12 months is £1840.00)
The Representative APR is 246.32% (fixed)

  • No ‘Commitment’ or ‘Admin’ fees loaded at the front end.
  • No penalties for paying off the loan early.
  • We give you flexibility.
  • We are the principal lender, we do not refer to other companies

How much does it cost?

Borrow up to £5000
Repayment period 6 to 24 months

Our log book loans are repaid monthly.

Example of a loan for £1000

Loan Amount
£1000
Repayment per month
£153.33
Loan Term
12 Months
Representative APR
246.32
Loan AmountRepayment per monthLoan TermRepresentative APR
£1000£153.3312 Months246.32%

The loan can be settled at any time with no minimum tie-in period. So to see how much you would repay in total if you settled early, see below:

Settle the loan withinTotal cost of loan
1 month£1070
2 months£1140
3 months£1210
6 months£1420
8 months£1560
12 months£1840
Please contact us 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
  • The Log book must be in your name

Applications for classic cars, lorries, vans, tractors and any other vehicles are also welcome.

We keep the log book for the duration of the loan whilst you continue to drive the vehicle.

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

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 a distance service, so you would be required to come to our offices). But if you complete the quick form, we will contact you immediately.

Alternatively, feel free to ring us for more information. If you wish to proceed we will ask you about your car and about yourself in order to see if we can help.

As members of the CCTA we adhere to a Bill of Sale Code of Practice which can be viewed here.

So that you understand more about the nature of the loan security this Borrowers Explanation Sheet provides more information. You could risk losing your vehicle should the loan not be repaid

If you have any queries about our logbook loans service, please contact us.
Telephone 02085181828 or email enquiries@maxcroft.co.uk

We'll be happy to answer any questions you may have.

Authorised and regulated by the Financial Conduct Authority for consumer credit. This can be confirmed on the Financial Services Register, which can be found at http://www.fca.org.uk/register.

Speak to us on:

0208 518 1828

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