Logbook Loan FAQs

Logbook Loan FAQs

Q: 

HOW LONG CAN THE APPLICATION TAKE?

Using our online form takes less than a minute. After that a representative from the lending company will be in touch with you direct immediately to discuss your loan requirements.

Q: 

WHAT ABOUT MY BAD CREDIT HISTORY OR CCJ’s?

Don’t worry poor credit history, CCJs and arrears do not affect logbook loans. This is why it is so easy and popular. You probably won’t be subjected to any credit checks prior to your loan being accepted.

Q: 

WHO IS ELIGIBLE FOR A LOAN?

Almost everyone is eligible for a logbook loan. You will need to be over 18 years of age and own the car (or close to paying off the total finance off the car) then you should qualify. Simply apply online to find out.

Q: 

HOW MUCH CAN BE BORROWED?

This varies depending on the logbook loan lenders terms and conditions, typically half the value of your car. However this can be anything up to £50,000 in value.

Q: 

WHAT VEHICLES ARE ELIGIBLE FOR A LOAN?

The loan provider we put you in touch with only offers loans against cars. Your car should also be no more than 10 years old. However you might be interested in getting an unsecured loan as an alternative.

Q: 

DOES 1st LOGBOOK LOANS PROVIDE THE LOANS?

No. Your V5 Loan will be provided by one of our suppliers, we do not have any involvement with the loans or the loan provider. We simply pass on your details to the provider, after that our involvement ends.

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