subject: Fast Logbook Loans: Quick funding on your car logbook [print this page] Fast Logbook Loans: Quick funding on your car logbook
Logbook is a document or paperwork of vehicle or car. This document is issued by Driving and Vehicle Licensing Agency in the United Kingdom. Many lenders and financial institutions provide quick money against the same document and this option is known as fast logbook loans. The validity period of logbook is 5 years only and this is the only reason why banks and lenders do not provide money more than 5 years under this category. This document contains important information regarding the car, like registration number, vehicle number, chassis number, color, car owner details etc. In other words, it is a most important document of car. This loan is personal loan secured against car. This is the only financial service where consumers can obtain bigger amount in the range of 500-50000 without pledging any home or property against the cash. A person who got the car and logbook can easily apply and obtain the finance without facing even a single problem.
After getting car logbook loans, individual can still use the car for personal and official purpose. Lenders do not stop borrowers to use the car or vehicle for any purpose. The eligibility criteria of finance are very simple and convenient. Any person can meet the criteria effectively and easily.
- Document or logbook should be in the name of loan seeker. It means car owner and borrower should be the same person.
- Car or vehicle should be less than 8 years old
- You should have permanent job with steady income source to prove repayment capability
- Car should be free from any finance or insurance claim
- UK citizenship is must for every borrower and you should have one valid and active checking bank account in the country
To get fast logbook loans, it is not necessary that you should have perfect credit score or good credit history. While approving the loan application, lenders do not run credit check on borrower's name. As a result, people with bad credit history do not face any problem while applying for money. No risk of property and no credit check procedure make the loan processing really fast and quick. You can apply for the money through internet as there are many websites and online lenders available that provide free loan quotes and better affordable deal. With one application form, you can access the various quotes while sitting in home.
