Below are some common questions we get asked. If you have another question which isn’t answered here, then please contact us and we will answer any concerns you may have, no matter how big or small. We offer several different ways of raising the finance you need, so there are many ways in which we can help you. Don’t be afraid to call in and ask! Our trained staff are on hand to help you.

Q. How soon can I get the money?

A. The same day. Providing you have your vehicle and all necessary paperwork we will be ready to give you your payment there and then.

Q. What are the early settlement penalties?

A. There are no penalties for settling the loan early, in fact we positively encourage this. If you settle a logbook loan early you will be entitled to an early settlement discount.

Q. What Documents am I required to bring in for you to copy?

A. We require photo ID (such as driving licence or passport), proof of insurance and MoT, 2 utility bills (no older than 3 months) as proof of address, and bank statements and / or pay slips so we can be sure, as responsible lenders, that you can afford the repayments.

Q. What do you keep for the duration of my loan?

A. We require the Logbook (V5 document) and a spare key if you have one. These will all be returned when you settle the loan. Please remember the car must have a Valid Road Fund License, insurance and MOT (if applicable).

Q. Can I get a loan if I have CCJs or a bad credit history?

A. Yes. Providing you are the Legal owner of your car, we lend on the strength of your car value and your ability to repay. Each application is treated on its own merits. “We may collect information from outside sources such as credit reference agencies and customer service providers in order to help us make decisions regarding credit.”

Q. Is my application confidential?

A. Yes. Absolutely.

Q. How old does the vehicle need to be?

A. Usually less than 9 years old. We lend against older cars as well as motorcycles, touring vans, light commercial vehicles and almost anything else with a value. Please do contact us if your car is older and you feel it is worthy of our consideration to buy or lend against – we are here to help wherever we can.

Q. Are you regulated?

A. Yes. Logbook Lending Limited is authorised and regulated by the Financial Conduct Authority. Our FRN is 673568 and can be verified on the financial services register on www.fca.org.uk. We have a consumer credit license, which allows us to act as a lender and we abide by all other laws regulating consumer credit. We are also members of the CCTA and abide by their Code of Practice, which can be found on this website.

Q. How long is the loan term?

A. All Logbook Loan contracts are between 12 – 36 months with the most popular being 18 months in length.

Q. How do I make repayments?

A. We do not offer Direct Debit, but we do offer Standing Orders, which work similarly. You can also make payments via online banking, or pay into any branch of Metro Bank. You should not send cash through the post as this is at risk of getting lost.

Q. What happens if I can’t pay?

A. We work very closely with any client who is making an effort to repay their debts, however if there is no willingness or absolutely no intention of repayment then your car will be claimed by our 3rd party debt recovery agents and sold on our behalf to recover the amount owed. If you feel that you are struggling to make payments, please contact us straight away – we are here to help. Repossession is a last resort, and can be avoided if you work with us to resolve any problems you have.

Q. I am self-employed; can I still get a loan?

A. Yes. You just need to prove you can afford to repay it.

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Representative loan example

All our agreements are secured against your vehicle and are subject to affordability

Representative APR



18 months

Amount of credit


Fixed annual rate


Total payable



18 x £203.33

Minimum and Maximum Repayment Period

Loans are typically 18 months in duration, with a maximum 36 month contract. There is no minimum period, as loans can be repaid at any time within the agreed contract, with no early redemption penalties.

Logbookloans247 is a trading style of Logbook Lending Limited, registered in England and Wales.Co.Hse. 7409180. Registered Office: 82 Wandsworth Bridge Road, London, SW6 2TF. We trade from: Kinetic Business Centre, Theobald St, Borehamwood, WD6 4PJ.

Logbook Lending Limited is authorised and regulated by the Financial Conduct Authority. Our authorisation 673568 can be verified by viewing the FCA Register. We are also registered with the Information Commissioner’s Office under ZA658269 for data protection purposes.

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