FAQs

What do I need to apply for the loan?

Provided that you meet the basic requirements, all you need to do is prepare the following documents when applying for a logbook loan:

Can I still apply even if I am not employed?

If you are not fully employed but is working part time or is self-employed, you can still apply provided that you can present us proof of steady income.

What types of cars do you accept?

We accept all types, brands and models of cars provided that it is less than 10 years in age and is free of any financing.

What is the maximum amount I can borrow?

We offer loans from £500 up to £50,000. The maximum amount you can borrow is up to 70% of your vehicle’s official trade value. Approval will also depend on your financial circumstances.

What happens if I am unable to pay for the loan?

If you are unable to repay for the loan, we recommend for you to contact us immediately. We are open to making new payment arrangement to suit your needs. But remember, new arrangements may also mean different interest rates.

How soon can I receive the money?

Once approved for a logbook loan, you can expect to receive the money in minutes or within 24 hours utmost through your bank account.

How do I pay for the loan?

To repay for the loan, an automatic debit deduction is set-up. Make sure your debit account always has sufficient balance to cover for your monthly dues. Otherwise, you may incur fees for late or missed payments.

Can I repay the loan early?

Yes, you can repay the loan early but there may be early repayment fees. Make sure to speak with us first before you decide to go this route.

What is a “bill of sale”?

The “bill of sale” is the document you sign prior to the loan approval, which essentially gives us temporary ownership of your vehicle until the loan is fully repaid.