Logbook is a legal document which contains necessary details about your car. It is bearing the proof of your ownership of your car. Logbook loansare secured against the logbook of your vehicle. A logbook has entries regarding the current registration mark, VIN number or the chassis number, and details about the registered keeper of the logbook. Though the borrower places the logbook as security but still he enjoys the right to possess the car. You can drive with the pleasure without any restriction and obligations by the lender.
Features:
No credit check is the feature of unsecured loans
. People who are suffering from bad credit like CCJ's, IVA, arrears, defaults, insolvency, and Bankruptcy can also apply for these loans by securing their logbooks. The amount can be entailed by any of the borrower through logbook loans and moreover, there is no restriction on the usage of the loan amount. It is the easiest way to get loans money by keeping your logbook as security. You can easily fulfill all your emergency requirement of cash with simple procedure and instant approval. Its online application is tremendous in the availment of easy cash. You can easily get short term cash to fulfill your temporary requirements. The application does not require any valuable asset to stake as collateral. So, it removes the wastage of time and effort and easy cash can be availed without following any of the special formalities.
Requirements:
There are few of the required specifications which are needed to get the easy approval of these loan applications by the lender. These are as follows:
1.The borrower should be permanent citizen of UK and the car should be registered in UK itself.
2.The car should be owned under the name of the borrower and it should not be more than 8 years old.
3.It should also be free from any financial claim.
4.The borrower should be a adult with the age of 18 or above and should have regular income so that he will be able to repay back the loan money on time.
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