If you need a loan, but drive a vehicle other than a car, you might think there is no way you could ever get any log book loans. This might be the only time you will be happy to hear that you are wrong. Many log book loan offices are willing to let you borrow money against types of vehicles besides cars. These other types of vehicles can include motorbikes and vans. Just because you choose to drive something other than a regular car does not mean that you should be excluded from the benefits of getting a log book loan when you need one, and loan companies understand this.
The process of getting log book loans for motorbikes is the same as getting a loan on a car. You must be able to prove that you are over eighteen years old and that you reside in the UK. Proving ownership of the vehicle, in this case a motorbike, is also crucial. You absolutely cannot borrow on someone else’s vehicle, and for good reason. If you did not keep up the payments, your friend would lose their car, causing considerable damage to the friendship that may not be repairable. You also need to bring your log book and insurance documents when you apply for a loan.
Log book loans are also available for vans. The process for getting a log book loan on a van is the same as getting one on a car or motorbike. You need to provide a driving license or passport so copies can be made. Your van must not be financed, and you should be sure to bring its current MOT certificate. Proof of insurance will also need to be provided, as well as two utility bills from not more than three months before you apply for the loan. In some cases, you might also need to provide the spare key to your van.
You can call the company to make arrangements for log book loans, or you can even apply online. This applies to loans for any type of vehicle, cars, motorbikes, and vans alike. The amounts of money that you can borrow are the same for all types of vehicles, but could vary depending on the company you choose. The company will keep your log book until your loan is paid off, but they will return it to you then. There will be no restrictions placed on the use of your vehicle for the duration of your loan.
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