Are you searching for a best loan scheme with no hassles at all? Do you have vehicle against you name? Then instant log book loans can be the best financial option for you. In financial crisis situation you can use the logbook of your car to access good amount of finance for meeting various important needs on time. A logbook is a legal document which basically contains details regarding owner of the vehicle, registered keeper of logbook, chassis number, current registration mark, engine number, color, model name and the proof of ownership of your vehicle.
The Loans Against Car are provided with suitable terms and conditions. The best thing about these is that you just need to place logbook of your car against the loan and not your car. You can even enjoy driving your car anywhere without any restriction by the lender, but it is your responsibility to keep the vehicle in good condition.
Under the provision of instant log book loans, you can attain instant finance that ranges from 500 to 50,000 with the repayment duration of 5 to 7 years. The loan amount can be used to meet several purposes like debt consolidation, higher education, wedding expenses, home renovation and many more.
For the approval of loans against car you are required to fulfill certain pre-requisites that are stated below:-
oYour name must match with the name mentioned in logbook.
oThe car must not be older than 8 years.
oYou must be in full time employment and have reliable source of income
oThere must not be any financial dues on your car
oCar should be insured and taxed
These loans can be freely applied by bad creditors as well, as no credit check formality is involved. Also, it is free from fax and lengthy paperwork hassles. Thus, the loan gets quickly approved by the lender and you will get the funds directly in your account in less time.