Logbook loans are expensive and put your vehicle at risk. Make sure you understand the costs before you apply.

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.
Debt problems? Get free confidential advice from StepChange Debt Charity on 0800 138 1111.

Your vehicle may be repossessed if you do not keep up repayments and you could be responsible for covering any shortfall in value. Failure to pay may also affect your credit score and you could be liable for extra fees, interest and charges.
 Representative APRLoanTerm 
MinimumMaximumMinimumMaximum
Car Cash Point
Logbook Loan
230.7% APR£500£50,0001 day
5
years
Representative Example: The Representative APR is 230.7% APR so if you borrow £1,000 over 36 months at a flat rate of 96% p.a. (fixed) the total charge for credit will be £2,879.72. You will make 156 weekly payments of £24.87 and repay £3,879.72 in total.
If you take out this loan it will be secured on your vehicle via a bill of sale agreement. For home visits there's a £60 set up fee* (doesn't... more
No minimum period, no early settlement fee and overpayments allowed.
Logbook Loans Pro
 
Logbook Loan
186.5% APR£800£50,000
1
month
3
years
Representative Example: The Representative APR is 186.5% APR so if you borrow £1,000 over 12 months at a flat rate of 69% p.a. (fixed) the total charge for credit will be £690.08. You will make 12 monthly payments of £140.84 and repay £1,690.08 in total.
If you take out this loan it will be secured on your vehicle via a bill of sale agreement. Minimum monthly net income of £700 considered.
Varooma
Logbook Loan
190.30% APR£500£50,000
3
months
3
years
Representative Example: The Representative APR is 190.3% APR so if you borrow £1,000 over 12 months at a flat rate of 70% p.a. (fixed) the total charge for credit will be £700. You will make 12 monthly payments of £141.67 and repay £1,700 in total.
If you take out this loan it will be secured on your vehicle via a bill of sale agreement.
No set up costs and home visits are free. There are no early settlement penalties and over payments are welcomed. Please read our reviews.
Gissaloan
Logbook Loan
253.24% APR£500£25,000
3
months
2
years
Representative Example: The Representative APR is 253.24% APR so if you borrow £1,000 over 18 months at flat rate of 90% p.a. (fixed) the total charge for credit will be £1,350.08. You will make 18 monthly payments of £130.56 and repay £2,350.08 in total.
If you take out this loan it will be secured on your vehicle via a bill of sale agreement.
No set up costs or charges for home visits. There are no early settlement penalties and over payments are welcome. Please read our reviews.
Mobile Money
Logbook Loan
319.4% APR£200£50,000
6
months
3
years
Representative Example: The Representative APR is 319.4% APR so if you borrow £400 over 12 months at a flat rate of 100% p.a. (fixed) the total charge for credit will be £399.84. You will make 12 monthly payments of £66.65 and repay £799.84 in total.
If you take out this loan it will be secured on your vehicle via a bill of sale agreement.
No fees. No set-up charges. Free home visits. No early settlement penalties. Over payments welcome. One low rate for the life of your loan.
loanmymotor.com
Logbook Loan
230.7% APR£1,000£50,000
1
month
3
years
Representative Example: The Representative APR is 230.7% APR so if you borrow £1,000 over 36 months at a flat rate of 96% p.a. (fixed) the total charge for credit will be £2,880. You will make 12 monthly payments of £107.77 and repay £3880 in total.
If you take out this loan it will be secured on your vehicle via a bill of sale agreement. You must have a minimum monthly net income of £420+.
England and Wales only. No admin fees or early repayment charges. All vehicles considered.
Gissaloan
Logbook Loan Gold
132.26% APR£500£25,000
3
months
2
years
Representative Example: The Representative APR is 132.26% APR so if you borrow £1,000 over 18 months at flat rate of 55% p.a. (fixed) the total charge for credit will be £825.02. You will make 18 monthly payments of £101.69 and repay £1,825.02 in total.
If you take out this loan it will be secured on your vehicle via a bill of sale agreement. Available to those with less serious bad credit profiles.
No set up costs or charges for home visits. There are no early settlement penalties and over payments are welcome. Please read our reviews.
Logbook Loans
Logbook Loan
271.10% APR£400£50,000
1
year
4
years
Representative Example: The Representative APR is 271.10% APR so if you borrow £700 over 18 months at a flat rate of 90% p.a. (fixed). You will make 77 weekly payments of £21.36 and repay £1,644.72 in total.
If you take out this loan it will be secured on your vehicle via a bill of sale agreement (unless you live in scotland).
All vehicle owners and vehicles of all ages considered. Settle as early as you like with no additional charges.
The Car Loan Centre
 
Logbook Loan
164.61% APR£1,000£50,000
1
year
3
years
Representative Example: The Representative APR is 164.61% APR so if you borrow £1,500 over 24 months at a rate of 80% p.a. (fixed) the total charge for credit will be £2,047.53 which includes a credit facility fee of £250 and a stronghold fee of £250. You will make 24 monthly payments of £147.81 and will repay £3547.53 in total.
If you take out this loan it will be secured on your vehicle via a hire purchase agreement.
No set up costs or settlement penalties and over-payments are offered.
Auto Advance
Logbook Loan
300.3% APR£300£25,000
3
Months
3
Years
Representative Example: The Representative APR is 300.3% APR so if you borrow £1,000 over 12 months at a flat rate of 96% p.a. (fixed) the total charge for credit will be £960.08. You will make 12 monthly payments of £163.34 and repay £1,960.08 in total.
If you take out this loan it will be secured on your vehicle via a bill of sale agreement. Minimum monthly net income of £420 considered.
Check out our reviews! No admin fees or early repayment charges. All vehicles considered. Now available in Scotland.
EasyLogbookLoans.tv
 
Logbook Loan
190.3% APR£500£15,000
12
months
3
years
Representative Example: The Representative APR is 190.3% APR (fixed) so if you borrow £1,000 over 12 months at a flat rate of 70% p.a. (fixed) the total charge for credit will be £700. You will make 12 monthly payments of £141.67 and repay £1,700 in total.
If you take out this loan it will be secured on your vehicle via a bill of sale agreement.

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If you do not keep up repayments your vehicle may be repossessed and sold by the lender without the need for a court order.

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How to Find the Best Logbook Loans

by Martin from money.co.uk

If you suffer from poor credit and need to borrow money a logbook loan could prove to be the answer; but you need to be careful. Here's how to find the best logbook loan for your finances.

How to Find the Best Logbook Loans

Using your car to secure a loan may be a way of borrowing money if you suffer from a poor credit history or are on a low income and really need to access funds.

However, log book loans can prove to be a very expensive way to borrow so if you decide to take one out you need to shop around to find the cheapest option possible.

Here's what you need to do to find the best car logbook loans UK providers have to offer.

Investigate alternatives

Before looking for the best logbook loan, you should check that you can't borrow money from another source.

Not only are log book loans an expensive way to borrow money they will also put your vehicle at risk as the loan will be secured against your car. This means that if you don't keep up your repayments the lender is entitled to take your car instead. So if you can borrow money from another source it may be a better option.

Even if you are looking for logbook loans because you suffer from bad credit there may be other options that are more affordable.

Read our guide: How to Borrow Money With Bad Credit for a rundown of the different options that are available to you.

Check your vehicle qualifies for a loan

Logbook loans are based on the trade in value of your vehicle so before you start getting quotes you will need to assess your vehicle's value.

Most logbook loan providers will lend up to 50% (some will lend more) of the value of your vehicle (as assessed by the logbook loan company), providing you own it outright and don't have an existing finance agreement secured against it.

Essentially this means that the amount you might be able to borrow is restricted to up to half the value of your car.

There are also likely to be strict criteria to the type of vehicle logbook loan providers will accept, with most putting an age limit and other restrictions on the type of vehicle that will be considered. So before you apply for the loan be sure that your car is in an acceptable condition so you don't waste your time on something that isn't available to you.

Same Day Logbook Loans

If you're looking into logbook loans, fast decisions on how much you can borrow will get you the cash you need sooner. Although quick logbook loans that transfer the money to your account swiftly are available, an instant loan against car ownership is rare to come across. This is because immediate guaranteed logbook loans would require the lenders to make a decision without first being able to value your car.

There are now some lenders that do value your vehicle electronically, making it possible to offer same day logbook loans.

However, f you're looking in a hurry for logbook loans and need instant cash you'll have less choice and could end up paying more.

Compare logbook loans online quotes

The main factor that will determine the cost of your logbook loan is the interest you will have to pay on it.

Every log book loan company must display a representative APR, this is an illustration of the interest you might have to pay on a logbook loan should you apply and is a good way to compare the relative costs of each loan.

You can compare logbook loans and their interest charges side by side using our car logbook loans UK comparison table, which includes the top 10 logbook loans available in the UK.

Use this table to narrow your options down to the top 3 logbook loans that meet your needs, look at which gives you the cheapest access to the money you need and then, if you have no other cheaper option available to you, consider applying for the best loan for your finances.