subject: Secured Loans against Car-cash relief for the car owners [print this page] Secured Loans against Car-cash relief for the car owners
If you have a car and you are in urgent need of extra cash, then you can use the car as a tool to mortgage it against the loan amount. There are many financial institutions in UK who would prefer to offer loans against the logbook of the car. These loans are known as secured loans against car. The Driving and Licensing agency issues the legal document known as logbook. These are long term loans applicable for removal of bad debt, purchasing any asset like jewellery or any other vehicle, clearing school or college dues of the children, buying eatable items and payment of utilities like electricity, water, gas, etc.
If you have a computer with an internet connection at home or at office, you would be able to apply for secured loans against the car against the competitive rates. You would not be verified for maintaining bad credit history nor would you be disqualified for undergoing other bad factors like county court judgments, foreclosures, bankruptcy, missed payments, etc. The loan amount would range between 500 and 50000. The rate of interest would be lower for pledging logbook of the car as a security. The repayment period would be flexible enough to vary from 5 to 7 years.
Registering online with Car Logbook Loans would help you to reap benefits in many ways. You would be able to negotiate for higher loan amount at lower rate of interest. You need not have to pay any processing fee for filling up the basic details in the online application form:
a) You need to be citizen of UK.
b) You need to have a stable job with income not less than 1000 per month.
c) You need to mention the bank account details for monetary transactions. It should not be less than 3 months old.
Once you submit the online form, you need to send it to the lender's site for further verification and approval. Within 24 hours, the loan amount would be transferred to the bank account. Then you would be able to use the money the way you would prefer.
If you are running short of cash and you would be able to procure loans against the security as a car. To be more precise with the fact that if you own a car and at the same running from financial discrepancy, you would be able to acquire secured loans against the car. Online application would be free of cost and it would save your time and money.
