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Frequently Asked Questions
A. Loans are processed and approved the same day. Depending on your requirements we can provide the funds in as little as 2 hours. Once you have signed all the paperwork, money will be transferred to your account within minutes. It really is that easy!
A. We require photo ID (such as driving licence or passport), bank statements & proof of insurance, so we can be sure, as responsible lenders, that you can afford the repayments.
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 that the vehicle must be fully comprehensively insured, Taxed and hold a valid MOT (if required) for the duration of the loan.
A. Yes, providing you are the Legal owner of the vehicle. We lend on the strength of your vehicle value and your ability to repay. Each application is treated on its own merit. We may collect information from outside sources such as credit reference agency providers in order to help us make decisions regarding credit.
A. Usually less than 10 years old, however we are able to lend against older vehicles subject to trade value. Please do contact us if your vehicle is older and you feel it is worthy of our consideration to lend against – we are here to help wherever we can.
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 licence, 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.
A. All Logbook Loan contracts are between 18 – 36 months with the most popular being 18 months in length.
A. Payments can be made by standing orders, online banking, debit card over the telephone or pay into any branch of Metro bank. You should not send cash through the post as this is at risk of getting lost.
A. If your circumstances change and you get into financial difficulties, Logbook Loans247 will act compassionately and sensibly to assist you. We will discuss and agree workable payment plans with the objective of getting you back on track in a fair and realistic manner. This loan is secured on your vehicle which may be at risk if you fail to keep up your repayments.
Representative Loan Example
Amount of credit
Fixed Anuual Rate
78 X £46.92
Minimum and Maximum Repayment Period
Loans are typically 18 months in duration, with a maximum 36 month contract. There is no minimum period, as a loan can be repaid at any time within the agreed period contract, with no early redemption penalties. If you choose to settle the loan early you will be entitled to an early settlement discount.