A logbook loan is a way of getting cash quickly without having a credit check. You can also use a logbook loan for whatever purpose you require so you aren’t tied into using it to buy a house or car. So how do they work? And how do the lenders know that they’ll get their money back?



The way logbook loans work is that they are secured against your car so as long as you have a working vehicle that hasn’t been used to finance a loan before you’ll be able to get a logbook loan within a few days. In most cases you’ll have the cash within 24 hours which makes it an extremely quick way of getting your hands on a reasonable sum of money.

When you get a logbook loan you don’t have to use it for a certain purpose. Whether you want to use it for a holiday or just need to pay off certain bills quickly you can use the money for whatever you want. You don’t just have to use of a personal reasons either as you can also use the loan to inject some cash into your small business should you need to.



Logbook loans are available to people with bad credit as long as you have a car against which you can secure the loan. The reason that they are called this is because you only need to provide a logbook for your car in order to be eligible for the loan – credit ratings in general don’t matter.

The exact amount you’ll be able to get when you apply for a logbook loan depends on your income as well as your ability to pay back the loan over a period of time set by the lender. The lenders will usually look at each individual case differently so you won’t know how much you’ll be able to borrow until you get a few different quotes. You should also be aware that most lenders will require your car to be valued at a certain level if they are to provide you with loan. For example, if your car is worth less than £1000 you may find it difficult to get logbook loans from most lenders.

In general, because the loan is secured you’ll find that the interest rates are quite low. The exact rate of interest varies depending on which lender you go to but because they have the guarantee of your car the rates are often lower because of the decreased risk.

If you’re having problems getting a cash loan then read more about logbook loans and how they can help you solve your current financial problems until your situation has improved.

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