Logbook Loans Glasgow City
If you're looking for a convenient way to free up some much needed money then a logbook loan may be the perfect option. If you've been declined a loan elsewhere then our service could well be the answer to your financial needs. What's more, you could have the money agreed and delivered the same day.
We provide loads of free logbook loan quotes every single day for people just like you.
Why not use our online Glasgow City logbook loan quote enquiry form to find out how much you could borrow against the value of your car. It only takes a minute of your time to enquire, and you're under no obligation to proceed with the loan. Just complete the form you can see above.
Tell us about you and your car using our convenient online logbook loan quote form.
Your loan application is checked and approved instantly if you meet the requirements of our lenders.
You can receive your money on the same day, and your agreed repayment plan starts.
The Perfect Loan Solution
Logbook loans have become the loan of choice for those looking for a straightforward, convenient loan without any of the hassles of conventional loans. If you have a CCJ or are in arrears then you could still be eligible. If you are the legal owner of your car, and it is clear of finance (or very nearly clear) then enquire online today!.
Almost anyone can release money from their car with Glasgow City logbook loans, so get a quote today!
V5 Loan BenefitsThese are just a few of the advantages of Glasgow City logbook loans
- Borrow anything from £250 - £50,000
- Drive your car throughout the loan period
- Money On the Same Day
- CCJs, Poor Credit & Arrears All Considered
Glasgow City Logbook Loans - Areas Covered
Our logbook loans service covers all Glasgow City regions including the ones you can see below, and it's easy to apply. To get your free Glasgow City logbook loan quote, apply online using our application form, or call the V5 Lenders team on our freephone number. We look forward to hearing from you.
Why not find out how much you could borrow with our risk-free quote service?
Been refused elsewhere? All credit history is considered for a loan.
Logbook loans have flexible loan periods from 12-36 months.
Once approved, your logbook loan money can be delivered the same day.
Simply fill in our quote form to enquire about a loan. It only takes a minute to do.
Unlock the value in your car and keep on driving it as normal with a logbook loan.
Older Car? Get a Logbook Loan!
Some people find that getting approved for Glasgow City logbook loans with an older car can be tough. In fact, most companies won’t even look at an application once they know your car is over 8 years old. Our lending partners recognise the value of older vehicles, So you may still qualify for the loan you want.
How much you’ll be able to borrow really depends on the overall value of your car – after all, a 10-year-old Ferrari is going to be worth more than a 10-year-old Vauxhall! The condition of the car will also be taken into account, and so will your ability to pay back a loan. If you’re not sure how much you’ll be able to borrow, why not apply anyway and find out?
No Credit Check Loans? Is That True?
No credit checks is, unfortunately, a myth. After all, Logbook Loan companies are financial institutions, and they have a moral responsibility to ensure that they only lend to those with the means of repaying the loan. What is true though is the fact that those with poor credit ratings could get a Logbook Loan much more easily than a normal loan, as their car is security against making any payments.
Our lending partners experience within the Glasgow City Logbook Loans industry means that they can often help those with poor credit ratings to find the loan they need. All you need to do is apply online right now, and a Logbook loan lender and get back to you with a decision on just how much you can borrow against your car's value.
£250 - £50,000 Loans Available
Loans can come in all sizes, ranging from small amounts through to very large amounts. The amount you can lend depends on how much your car is worth. Below you’ll find a handy table showing you the available amounts for different car values…
|VALUE OF CAR||50% LOAN AMOUNT||80% LOAN AMOUNT|
The size of loan you decide to take out against your car really is up to you though. It can be anything up to 80% of the current value. Of course, you may find other companies charging different fees and interest rates.
Self Employed? Enquire About a V5 Loan Now
Those of you that are self-employed know that getting a loan is hard, thanks to fluctuating earnings and the reluctance of financial institutions to lend to those without a guaranteed income. This is where logbook loans can help. Because they are being taken out against a piece of property you own, the lending company doesn’t have to worry so much about you having the necessary means to repay, meaning that they’re often happy to lend.
Whether you’ll be accepted for a V5 Loan really depends on a number of different factors, however a self-employed person can have as much chance as an employed person of lending money. To find out if you're eligible for a loan against your V5 document, why not fill in our short form right now?
Business Logbook Loans?
It's often assumed that getting a V5 loan only applies only to individuals and that they are only classed as a personal loan, however there are circumstances in which Glasgow City businesses can take out a loan against one of its vehicles. In fact they can be a great way to release some working capital or to maintain business cashflow without resorting to applying for traditional loans.
If the name of the loan applicant matches the name on the vehicle's v5 document then a loan application could be successful. There is also the possibility of lending to a company if the name of the business matches the name on the logbook. In both instances it's always best to enquire online to see the options available to you.
Frequently Asked Questions
You probably have many questions about applying for Glasgow City logbook loans, from what they are exactly to who exactly can apply for them. So, to help, we’ve drawn up this list of FAQs for you to take a look through…
How does a Logbook Loan work exactly?
Logbook Loans are loans that are secured against the V5 document (or logbook) of your vehicle. The person borrowing the money essentially transfers the ownership of their car to the lending company as security for the loan, and the ownership is then handed back once the loan has been paid off. The borrower can still use their car while making repayments though.
What makes a V5 loan a good idea compare to others?
Logbook Loans are a great idea for Glasgow City residents not able to get a more traditional loan, such as those who don’t own a property or don’t have a high level of income. They are good for those needing a short, sharp injection of cash, and our service will allow you to find just how much you can borrow.
Is having a bad credit score a problem?
V5 Logbook Loans are one of the most popular types of loans around for those with bad credit scores, as the fact that the applicant has a car proves provides security for the loan. So, if you’ve been refused a loan elsewhere due to a poor credit history, it doesn’t mean you’ll be refused a Logbook Loan.
I don't have proof of income, is that a problem?
Not having proof of income can be a big hurdle when looking for most types of loans, but this might not always be the case when trying to get a Logbook Loan. If you don't think you can prove your income level then get in touch using the form above and chat to a friendly advisor who will explain the options available to you.
Are the unemployed eligible for a Logbook Loan?
Yes there certainly are, however responsible lending means you have to be able to prove that you can make the repayments on the loan. It is possible to get a loan because, unlike many other forms of borrowing, V5 lenders focus more on the value of the car. So, as long as you have a car and it's clear or nearly clear of finance, you have a good chance of being accepted.
How long are the loan repayment periods?
The loan repayment period for your Glasgow City Logbook Loan depends on your own personal requirements. It can be 12, 18 or 36 months in duration. Unlike many other loans however, there are no early payment penalties, so the earlier you pay off your loan the less interest you will pay overall.
Will a HPI check show a Logbook Loan?
Yes, Logbook Loans do show up on HPI checks, but only if they are still outstanding. Logbook Loans that are fully paid off will not show up on an HPI check should you want to sell your vehicle in the future. In fact, if for some reason an outstanding V5 loan doesn't show up on a HPI check then the HPI guarantee will reimburse you up to £30,000.
Can I take out 2 loans?
Assuming you meet the criteria for both applications then you should be able to take out 2 loans against your cars. You'll need to be the registered keeper of both cars and be able to prove that you can make the repayments on both loans. It's likely the lender will treat these as 2 separate loans, however get in touch today to discuss your requirements further.
www.v5lenders.com are a broker and not a lender who refer customers to other brokers or lenders that are authorised and regulated by the Financial Conduct Authority. When taking out a logbook loan, the logbook is held and owned by the lender until the loan is re-paid. All loans granted subject to affordability. Proof of income will be required. A Log Book loan is secured against your vehicle, which may be repossessed if you do not make payment. Late or missed payments may incur a charge for chasing letters and telephone calls. Lenders abide by the CCTA voluntary Code of Practice. We do not have a renewal policy.