Frequently Asked Questions

What is a logbook loan?

Logbook loans are a quick and simple way to borrow money using your car or other vehicle as security against the loan.

Am I eligible?

If you are over 18 years of age, live in England, Wales or Northern Ireland, own a vehicle that is fully insured, under 10 years old and free of finance, you are eligible to apply for a loan.

How do I apply?

Simply fill out our quick logbook loans online application form, or contact us by phone (free from mobiles and landlines). lt is totally free to apply and there is no obligation.

How much can I borrow?

The loan amount is based on the condition and value of your vehicle and how much you can comfortably afford to pay on a weekly or monthly basis.

What happens to my car during the loan?

As you make repayments, you keep and continue to drive your car. You are also responsible for the MOT, tax, insurance and maintenance of your vehicle.

What documents do I need for my application?

Either drive to us or one of our loan advisors can visit you at your home, office or other convenient place to determine your car's value. You will need your V5 (logbook), MOT certificate, photo ID, proof of current address and proof of income in order to assess your affordability. 

How long does it take to get a logbook loan?

Loan application and approval are typically processed the same day. If your loan is approved an immediate faster money transfer will be made to your account, and the money will be with you in minutes. From approval to money in your account could be in as little as 1 hour!*.

Can I overpay or settle the loan early?

Yes, there are no penalties or fees for overpaying or settling your loan early, in both cases you will be saving money, with our loans you only pay interest on the time and amount borrowed. By overpaying you will pay less interest, and by settling the loan early, the interest on the loan is stopped.

I have a loan with another lender, can you help me?

Yes, if you have a payday loan or logbook loan with another lender and you are not satisfied, then elogbookloan may be able to refinance your loan at a better rate within 24 hours. Simply fill out our switch saver application.

Can I apply if I am self-employed?

Whether you are in full, part time or self employment, as long as you can show a regular income, being self-employed is not a problem.

Can I get a logbook loan if I have bad credit?

If you have bad credit, you may still be eligible for a loan, subject to all loan criteria being fulfilled.

What happens if I struggle to make payments?

We understand that people's circumstances can change, the most important thing you can do is to contact us. We will do our best to work with you and find a fair and workable solution.

Which vehicles do you accept?

Our loans are available on cars, vans, motorbikes and a large range of other vehicles.

Can I get a loan on an older car?

Yes, we also offer logbook loans for classic older cars.

Can I get a loan on a car that is on finance?

Yes, we may be able to help if the outstanding finance amount is low and your existing agreement is coming to an end.

What areas do you cover?

We cover all of England, Wales and Northern Ireland.

Are there any admin or set-up fees?

There are no admin or set-up fees for your loan.

Is my application confidential?

Yes.