Log Book Loans

Logbook Loans are Loans which are secured on your cars documents - also known as the logbook or form V5. Logbook Loans or V5 Loans as they are sometimes known are available to anyone with a relatively new vehicle which is in their own name and clear or nearly clear of finance. Your credit history or CCJs is not important when applying for this type of loan as the loan is secured on the cars documents. It does however mean that if you should default on the loan, the logbook loan company can seize your vehicle although in practice this very rarely occurs.

How Does a LogBook Loan Work
Apply online to one of the trusted Logbook Loan Companies on the right of this page. You will need to fill in a very easy form with some basic information about how much you would like to borrow and the make and model of your car.

The Logbook Loan company will then contact you straight away in order to arrange a meeting with you and view the vehicle and the documents. Our Logbook Loan lenders have a nationwide network of agents so a local agent will be in touch. You can either arrange for the agent to visit you at home or you can take the vehicle to one of the loan companies regional centres.

Your loan will be agreed subject to your documents being in order. the loan paperwork will be completed and the loan will be paid to you.

You keep up with the agreed payments and keep full use of your car.

What Do I need to Get a Log Book Loan?
A relatively new vehicle - ten years old or younger which is free or nearly free of finance and registered in your own name.

How Long Can I Take out a Log Book Loan for?
Most Log Book Loans can be taken out for a period of up to 78 weeks

How Much Can I Borrow
You can borrow up to £50,000 on a Logbook Loan