Logbook Loans For Vans
If you are looking for a loan secured against your van then please see our experts choice of lender below. Our lenders will provide you with as logbook loan for your van or commercial vehicle.
Easy Logbook Loans
This provider is our Expert’s Choice in its category as it won tops marks for the following.
- EXPERTISE & KNOWLEDGE
- CUSTOMER SERVICE
Learn more about how we review and assess the providers here on Lending Expert.
£750 - £10,000
12 - 36 Months
Easy Logbook Loans allows you to quickly secure a loan over the value of your car, bike or caravan. Loans are secured via a Bill of Sale Agreement.
REPRESENTATIVE EXAMPLE: Amount of Loan £1000.00. Repayable by 18 monthly repayments of £113.89 commencing 1 month from the date of the loan. Total Amount Repayable £2,050.00. Rate of Interest 70% per annum flat fixed. Representative 180% APR
How does a logbook loan work?
A logbook loan is a loan that is secured against your car or vehicle such as a motorbike or van. Loans are often secured via a bill of sale and your vehicle provides security to the lender in the event you were unable to pay back the loan.
Would the lender take my car if I couldn't repay the loan?
Yes, your car is the security and would be sold in order to repay the outstanding loan.
Can I get a loan without a credit check?
Yes. There are a selection of lenders who will provide loans without a formal credit check. They will however make assessments and checks to ensure you can meet the repayments of the loan.
What do I need to provide?
Most lenders will require the following basic information:
- Logbook in your name
- Certificate of insurance
- MOT Certificate, if applicable
- Photographic proof of identity - passport or driving licence.
- Proof of residence - utility bill.
- Proof of income - 3 months pay slips or bank statements.
How old does my car need to be?
Generally, less than 10 years old, but there are some exceptions for some lenders.
Can I settle my loan early?
All customers have the right to settle their loan at any time. There are no charges for settling early and depending on how early you settle, you could be entitled to a rebate.
Will taking out a logbook loan affect my credit rating?
Lenders do not conduct any credit checks when you apply for a loan so applying and taking out the loan will have no effect whatsoever on your credit rating. However, if you fail to make payment and the lender decides to take legal action against you, that could result in a CCJ be recorded against your name, which will impact on your credit rating and credit score.
Which lenders provide logbook loans?
There is a large choice of lenders to choose from many of whom you can apply to online. Our panel consists of Car Cash Point, Autoadvance, Varooma, Ramsdensforcash, v5lenders, Mobile Money, v5 solutions, Auto Money, Easy Logbook Loans, Loans2go.
I am a retired pensioner can I get a logbook loan?
Yes. Logbook loans are available for pensioners over 65, 70 and those who have retired. You will however need to demonstrate to the lender that you are able to afford the repayments and have income that meets their requirements.
How much could I borrow?
How much you can borrow will depend on the value of your car or vehicle and how much you can afford to borrow and meet the repayments. Loan terms are between 1-5 years for the majority of lenders.
Will the lender repossess my car in the event I am unable to repay what I owe?
As a last resort the lender will repossess your car or vehicle in order to repay the loan amount and interest. Any proceeds of the sale that are left over after the loan, interest and fees have been paid will be yours to keep.
Can I get a logbook loan without proof of income?
No. You will need to provide the lender adequate proof of income to show you are able to meet the loan repayments. If you are employed then this will be your most recent payslips. If you are self employed as a sole trader or company director then you may need to show proof of accounts or SA302 documents from HMRC that show your income for the last financial year. If you are a pensioner then you may need to show pension and or benefit income.