Log Book Loans Easy loans on Cars

Posted on January 15th, 2011 in Finance by

Log Book Loans: Easy loans on Cars

Log Book Loans to be very precise can also be called as loan against car.

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These are basically secured loans in which one does not have to risk his or her home or any other property as mortgage. The only and the basic requirement of Log Book Loans is that the person willing to take the loan should have a personnel car which should be taxed and free from any other obligations.

Anyone can grab a loan against car no matter he or she own their own house or are tenants. It is for every one. You have a personnel car you can go for it. The basic requirement, the logbook of the car which contains all the information of the car such as model number, ownership papers, vehicle number etc. is the only thing kept as mortgage by the lender. Apart from this the person should bag an active account number and should be a citizen of United Kingdom with a minimum age of 18 years. The vehicle whose logbook is kept as a mortgage should be less than 8 years old. The best feature is that the owner can keep on using the car even after the loan is processed.

Log Book Loans are short term loans and secured as well and hence the time period of these loans is generally 18 months with low and affordable interest rate. The time period can be extended beyond 18 months if required. These car logbook loans are usually taken to meet short term needs like car or home repair, cover up medical bills, pay debts which charge high interest etc.

The car logbook loan is the easiest way to get fast cash. The bad credit history if any, is of no importance and hence it is very popular. The procedure is also very simple. One just needs to fill an online form and clear his or her financial position. Once every thing is checked and verified the money will be transferred in the bank account number provided.

The Log Book Loans are given according to the value of the vehicle and are the easiest way to cover up small monetary needs. No matter one has a good or bad credit record, Log Book Loans are for

log book loans: easy loans on cars / Author by : Amelie Eve