Skip to content

How it works

A Logbook Loan is a quick and easy way to get cash fast.

We can provide cash for your successful application immediately. Simply call us or apply online to arrange a logbook loan.

How does it work?

  • We hold your logbook (V5 document) and register an interest in Vehicle on the HPI database as security until the logbook loan is repaid in full. However, during the term of the logbook loan, the vehicle remains in your possession and your use whilst you make the payments due.
  • You can borrow from £500 to £50,000.
  • Our standard agreements run over 18 months but longer terms can be agreed if suitable.
  • There is no penalty to redeem the loan early, in fact you would be eligible for an early settlement discount.
  • We offer logbook loans for all kinds of vehicles, including luxury cars, vintage cars, motorhomes, certain motorbikes and commercial vehicles.
  • We will hold onto your logbook and spare key (if applicable) until your loan has been repaid at which point these would be returned to you and our interest in the vehicle released.
  • Your enquiry and application will be treated in strict confidence.

Am I eligible for a logbook loan?

  • Your vehicle must be taxed, insured and have a valid MOT
  • You must be the owner of the vehicle
  • You must be aged 18 or over
  • Your vehicle will need to be clear of finance
  • You must reside in the UK
  • Your vehicle must have a resale trade value of more than £2000

What do I need to provide?

  • The original logbook
  • Copy of Driving Licence and or Passport
  • Proof of income
  • Copy of Insurance certificate
  • A spare key if applicable

Get a Logbook Loan Quote Now

About you

About your vehicle

Do you Need a Loan but have Poor Credit History?

We may still be able to help you… When you need to borrow money quickly, overcoming a poor credit history can be like banging your head against a brick wall. At Logbook Loans 247 we take our commitment to responsible lending very seriously, however, we also believe that having a poor credit history can be turned around. That is why we ensure that all of our loans are affordable and have manageable repayments. Making loan repayments on time shows positive credit intent and this can help repair your credit rating.

Passing a Credit Check

We do carry out a credit check as part of the application process, but it is not your credit history in isolation that dictates whether you pass, it is more about your recent credit activity and employment status which gives us an indication of your ability to repay the loan. Our credit check is not designed to discriminate against people who may have had credit issues in the past; our approach is to focus more on the future than labour too much on the past.

CCJs, Debt Management, IVAs and Bankruptcy

Previous CCJs (County Court Judgements) will not usually be held against you when we take a look at your credit history, however, if you are currently in an Individual Voluntary Arrangement, a Debt Management Plan or you are bankrupt, we will be unable to help you.

In Summary: We can potentially help you even if…

  • You have a poor credit history but can demonstrate positive credit intent
  • You have CCJs
  • You have a discharged bankruptcy
  • You have previously been in a Debt Management Plan which is no longer active
  • You have previously been in an Individual Voluntary Arrangement which is no longer active

We cannot provide a loan if…

  • You have an active Bankruptcy
  • You have an active IVA (Individual Voluntary Arrangement)
  • You have an active Debt Management Plan


Representative Loan Example

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

Loans up to £1500 (10% per month)

Representative APR



78 Weeks
(18 Months)

Amount of credit


Fixed Annual Rate


Total Cost of Credit



78 X £25.13

Loans over £1500 (8% per month)

Representative APR



78 Weeks
(18 Months)

Amount of credit


Fixed Annual Rate


Total Cost of Credit



78 X £78.20

Minimum and Maximum Repayment Period

There is no minimum period as the loan can be repaid early with no redemption penalties.

Loans are typically 18 months in duration, we also offer 36 month contracts which although payments are lower would cost considerably more if the loan were to run full term.

If you choose to settle the loan early you would be entitled to an early settlement discount.

Warning: Late repayments can cause you serious money problems. For help or advice please go to

A logbook loan is secured against a vehicle. If you do not keep up with the repayments in line with the terms & conditions of the agreement your vehicle may be at risk of repossession and your credit rating will be affected.