subject: Secured Loans Against Logbook-convenient Cash By Securing Car Papers [print this page] Are you incapable to get additional financial help? Do you ever think that your logbook can avail you swift finance till the certain amount of time? Yes, you can get the quick fix financial relief by applying with secured loans against logbook with just securing your logbook papers. Logbook is a legal document that proves the ownership of car. By securing your car papers, you can also have the pleasure of driving your car without any restriction and obligations. It is termed as a simple and hassle free financial assistance against your car but not securing the physical asset.
For the approval of secured loans against logbook, there are several pre-requisite that need to be fulfilled by the borrower. These are as follows:
1. The logbook that you secured must be registered under your name.
2. Borrower should be employed getting regular income source.
3. The vehicle should not be more than 8 years old.
4. There should be no financial claims on the vehicle.
5. The taxes and insurance due on the vehicle must be paid in full.
6. You vehicle must have qualified the MOT test, which process that the vehicle is fit to ply on roads.
Logbook loans are kind of secured loans in which logbook act as a security. The loan amount can range from 500-50,000 that can be repaid back within the repayment duration of 3 to 7 years. The amount that is approved by the lender is on the basis of the value of your desired car. The repaying tenure is decided by the lender according to your paying ability. Moreover, the borrowers can choose the tenure according to your free will.
If you are having bad credits in your account due to several past defaults, secured loans against logbook can still be applicable by you. Bad factors like CCJ, bankruptcy, foreclosures, defaults and so on do not matter to the borrower. You will still get the approval of this loan without any apprehension.
Use the online application method to get the quick approval of affordable deal. Exploring the web and comparing various loan quotes is definitely let you find the quick help. Fill out a form with few personal details and get the funds in your checking account to use in least span of time.
