Logbook Loans How it works?

Applying for a logbook loan is extremely simple. You can phone our offices for free, which are open Monday – Friday 8.00am to 6.00pm Saturday 8.00am to Noon or fill out the online application form.Anyone applying for a loan from Eaffy logbook loans must live in England, Wales or Northern Ireland, and be the legal owner of the vehicle they wish to obtain the loan on. The vehicle must be taxed, fully comprehensively insured and free (or almost free) of any outstanding finance.Unlike other logbook loan providers we do not carry out any formal credit checks so your application with us will have no effect on your credit score. Don’t worry if you have been refused a loan before, because we should be able to help.Once we receive your application, one of our experienced team will contact you to go through your details on the phone to ensure you can afford to repay the loan. They will answer any questions you may have and then we’ll either direct you to our offices or we will send one of our specialist representatives out to visit you. They will check the vehicle and help you complete the paperwork. Once everyone is happy to proceed, the application is completed and you can receive your cash the same day.

Logbook loans explained

A logbook loan is a loan secured against any vehicle. It’s a quick and simple way to withdraw cash from a vehicle, without a formal credit check. The vehicle owner will be asked to produce the logbook (V5) to prove they are the registered keeper of the vehicle.A logbook loan may only be issued by an FCA regulated company. The loan is secured on the vehicle using a bill of sale and the customer is asked to sign a consumer credit agreement.The borrower can use their vehicle throughout the duration of the loan, and it is the borrower’s responsibility to ensure the car in insured, taxed and kept in good order.A logbook loan is a great way to secure cash quickly or if you have been refused credit before and you are looking for a quick decision on a loan.

How much can I borrow?

Our loans range from between £250 and £50,000 – the amount depends on how much your car is worth and your ability to afford the repayments.You have the option to repay the loan in weekly or monthly instalments depending on your circumstances. So, whatever the vehicle – a car, van or motorbikeFill out the application form today to see if you could get a logbook loan – fast