Welcome to the Logbook Loans Forum. Here you can discuss anything regarding logbook loans.
Our logbook loan forum is for everyone to use for needs to dicuss V5 Loans
However, interest is charged monthly and you should not be penalised for early settlement. If you repaid the loan in one month it would cost you just £93.50 and nothing more. Logbook loans are secured against your vehicle and subject to affordability.
There are no setup fees when you take out the loan, nor is there any charge for settling early. You may however incur charges if you fail to make your payments on time. Any late payment charges will be clearly set out in the agreement you sign with the lender and will be explained to you fully before you take out the agreement.
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. Over 18’s only, T&Cs apply.
Lenders abide by the CCTA voluntary Code of Practice.
We do not have a renewal policy.