First 4 Logbook Loans connects you to a fully authorised Logbook Loan lender.
Logbook Loan Frequently Asked Questions
HOW LONG CAN A LOGBOOK LOAN of APPLICATION TAKE?
Completing our online form takes less than a minute. After that a representative from the logbook loan lending company will be in touch with you directly to discuss your loan requirements and arrange a viewing of your vehicle at a time that suites you.
WHAT ABOUT MY PREVIOUS BAD CREDIT HISTORY, DEFAULTS OR CCJ’s?
Even those with bad credit, CCJ’s and defaults could still get a loan. This is because your vehicle is used as collateral against the loan, so the lender has security against the loan.
WHO IS ELIGIBLE FOR A LOAN?
Almost everyone is eligible for a logbook loan. You will need to be over 18 years of age and own the car (or close to paying off the total finance off the car) then you should qualify. Simply apply online to find out.
HOW MUCH CAN BE BORROWED?
This varies depending on the logbook loan lenders terms and conditions, typically half the value of your car. However this can be anything up to £50,000 in value. I
WHAT VEHICLES ARE ELIGIBLE FOR A LOAN?
The loan provider we put you in touch with only offers loans against cars. Your car should also be no more than 8 years old and should be clear or nearly clear of finance.
DOES FIRST 4 LOGBOOK LOANS PROVIDE THE LOANS?
No. Your V5 Logbook Loan will be provided by one of our suppliers, we do not have any involvement with the loans or the loan provider. We simply pass on your details to the provider, after that our involvement ends.
Logbook Loan Representative example:
|Total amount of credit||Total amount repayable||%APR representative||Fixed annual interest rate||Duration||Instalments|
|£850||£2,533||450.5%||132%||18 months||17 x £140.72
1 x £140.76