Loans for bad credit
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Bad credit logbook loans online
Representative APR 230.70%
For many people, getting a loan when they have poor credit is not an option. Most traditional lenders will simply not even consider people with a bad credit rating.
At eLogbook Loan we understand how easy it is to find yourself with a poor credit rating. Maybe you missed a credit card payment, or maybe you were late paying a few bills or even incurred a fine. Whatever the circumstances, your credit score, which financial institutions use, would have been adversely affected.
Our expert advisors will also look upon your current circumstance and see how we can help you, but please understand that a logbook loan can be an expensive form of borrowing, which may not be suitable for you.
Our logbook loans range from £500 to £50,000, allowing monthly or weekly payments, our unique pay as you go interest and even settling early with no penalties, allowing you the flexibility you want in a loan.
Applying for a logbook loan:
If you can answer yes to the following criteria then you are a step closer to getting the money you need.
✓ Over 18 years old?
✓ A UK resident?
✓ Own a vehicle that is fully insured, less than 10 years old and free of finance?
If you have bad credit and are looking for a loan, simply fill out our quick quote form and see if your car qualifies first. Alternatively speak to one of our loan advisors and see how we can help you.
Bad credit FAQ's
Can I get a logbook loan on benefits?
Yes, as long as you can show a regular income and the loan is deemed affordable for you. You will also need to pass the creditworthiness and affordability checks.
FREE LOAN QUOTE
Loan amount £700 over 18 months. Weekly repayments £21.90. Credit charge £1008. Total amount payable £1708.20. Interest rate 96% PA fixed. Representative 230.7% APR.
No Admin Fees - No Early Repayment Fees
Warning: Late payment can cause you serious money problems. For help go to moneyadviceservice.org.uk
Warning: This type of loan is secured on your vehicle. Missed or late payments may incur fees and/or the repossession of your vehicle.
All loan applications are subject to a creditworthiness and affordability assessment.