Faq

Why apply through Logbook Loan Consultants?

If you’re going to apply for a logbook loan, we highly recommend doing so through Logbook Loan Consultants. This is because we have access to hundreds of loan deals which we can bring closer to you instantly, so you don’t have to do the research yourself. Additionally, we can help you acquire exclusive discounts that are only available through our website.

How soon does the money become available?

Our application process only takes a few seconds, after which you will be given a quote within a few minutes. Once your application is successful, you can get the money within 24 hours.

What types of cars are accepted?

Our partners accept any car model, as long as the vehicle is not more than 10 years of age. Aside from cars, many of our lenders accept vans, motorcycles, and other types of vehicles.

What will happen to my car?

If your car is subjected to a logbook loan, you will have to surrender its “logbook” or V5 document to the lender and sign the bill of sale over, meaning the lender becomes the temporary rightful owner. However, your car will not be taken, and you can still keep it for personal or business use, provided that repayments are paid on time.

Can I make payments earlier?

Of course. If you find that you can afford to make the full payment for the loan earlier than agreed, you can do so for free or for very little cost. However, each lender has their own policy regarding early settlement, so if you think you’re going to have some cash anytime soon, inquire from the very beginning if you can make full payment without any charges.