Securing a loan on your motor vehicle with a Loans 2 Go log book loan means that we can dispense with many of the complex procedures and checks that unsecured lenders need to perform. This enables us to provide you with a loan without you having to suffer the usual delays and hassle or providing reams of information – we’re not interested in your life story unlike other lenders! All we need to determine to issue a Log Book Loan is the value of the car and, for your protection, your ability to repay that Log Book Loan. To see how simple the whole process is just call into one of our branches for a Log Book Loan today.
We will consider granting Log Book Loans to most individuals, however the following restrictions apply; the vehicle must be:
• Under 6 years old (except for certain prestige marques)
• Registered in the name of the person taking the loan
• Have little or no other finance on the vehicle
In reasonable condition
• Free of major un-repaired accident damage
• Comprehensively insured
We provide short term loans but you can roll over the loan into a new loan at the end of the term if you need to. You can also choose to repay the whole of your loan early with no redemption penalties*. It should be remembered that we provide loans for those with short term cashflow needs and therefore it may be beneficial for you to consider other forms of finance should you require a longer term loan. Those who do only require a short term loan will find our loans are a flexible and economic solution for their needs. We will lend between £100 and £5,000 subject based on the trade value of your vehicle. We will, on a case by case basis, consider amounts greater than £5,000 and please feel free to call us if you would like to discuss a loan greater than £5,000.
To apply for a loan you will need to bring to our offices your vehicle registration documents, insurance documents, MOT certificate (where applicable) and the vehicle you wish to use as security for the loan.
In addition you will need to bring proof of identify, address and earnings. We require photographic ID (passport or photo driving licence), two proofs of address dated within the last month (eg a couple of utility bills) and your last three months bank statements.
*When a loan terminates due to default, then the calculation of interest rebate will be in accordance with current legislation.
Click here to enquire about Log Book Loans |
