There are times in life when your finances fall short while tackling your unavoidable financial requirements on time. At such time you may decide to opt for a loan. It is really very important to select the right kind of loan at right time. However it becomes hard for a person to choose one out of plenty option available. Don’t panic. In such critical situation your logbook can help you out. How? Now you can avail finance against the logbook of your vehicle in the form of log book loans. Logbook Loans are easy to avail and offer good amount of finance for dealing with various needs on time.
Logbook is issued by the Driver and Vehicle Licensing Agency (DVLA). Your logbook contains several details of the current registration mark, the chassis number, the VIN number and the details about the registered keeper of the logbook.
Log book loans against vehicle are provided also to the people having bad credit history like late payments, CCJs, IVAs, bankruptcy etc. Thus, now your damage credit history is no more a hurdle to entail finance for your needs.
A loan amount ranging from 500 to 50,000 can be fetched through log book loans, for the period of 7 to 10 years. The interest rates on these loans is bit high which can be negotiated with well research.
These loans can be availed if you qualify on certain grounds like your age of 18 years with a regular source of income, your name should be matched with owner’s name mentioned on logbook, there must not be any financial claims and the vehicle should not be older than 8 years.
The amount attained through unsecured loans for logbook can be used for meeting needs like education, wedding, debt consolidation, holiday tour and so on.