For us… Every Loan Maters
NewLogbookLoans.com is a direct lender and not a broker and we strive to be the standard bearer of Logbook Loan lending throughout the UK [including England, Scotland, Wales and Norther Ireland] and provide a proven and preferable lending solutions for people looking to raise short-term finance.
As a lender, NewLogbookLoans.com is regulated by Financial Conduct Authority [FCA] and is a member of the Consumer Credit Trade Association and therefore fully comply with its ‘Code of Practice‘.
We understand that your application is strictly confidential, and discretion is assured. We will never share or pass your personal information to a 3rd party without you explicit consent.
We launched NewLogbookLoans.com with four principle objectives: –
- To replace the original Logbook Loan which is based upon the 1882 Bill of Sale and is considered archaic and wholly unsuited to the 21st century by the law commission. And replace it with a Hire Purchase agreement regulated under the current Consumer Credit Act of 1974.
- To offer one Logbook Loan product throughout the United Kingdom, including Scotland. Currently, the original Bill of Sale Logbook Loan is not permissible or legal in Scotland.
- To take the completion process completely and avoid the need for field agents to come to your home to complete a loan.
- To offer gold standard customer service and loan transparency. To move away from practices that currently exist with current Bill of Sale Logbook Lenders such as demanding borrowers surrender the V5 and a spare key, hidden fees and charges, minimum loan periods and excessive default penalties.
We are proud to say we delivered on every objective:
Hire Purchase Agreements
- We only offer credit to our customers using a regulated ‘Hire Purchase Agreement’ for their protection.
The Logbook and Spare Key
- We never ask our customers to surrender their logbook or a spare key.
Complete the Loan Online and Receive the Cash in 1 hour
- We always complete the loan 100% online and the car inspection via what’s app. This means we can complete and pay out your loan within 1 hour.
The Perfect Lending Solution
The perfect flexible lending solution to meet your exact needs and requirements.
- With loans from £500 – £100K
- Low Interest rates with a price promise
- Loan terms from 1 year to 5 years
- Option to pay weekly or monthly
- No hidden fees or charges
- No minimum period
- The ability to settle loan early penalty free
- And the borrowers can make overpayments and pay less interest
So, if you want a quicker, more flexible and proven alternative to the original archaic logbook loan enter you vehicle registration and get a quote in 1 minute
If you prefer Call us on 0333 577 5000 and speak to one of our expert loan consultants. We can offer advice on rates, repayments and our terms and conditions.
Is my car suitable?
- Vehicles must be under 10 years old – prestige, classic and vintage cars considered
- Personal Cars only [No Company Cars Allowed]
- 150,000 maximum mileage
- Cars must be free of finance [LOYC can clear existing finance agreements, if required]
- Minimum trade value of c£2.5K
- No additional keeper added to the logbook
- Car must be fully taxed. have a valid MOT and be fully comprehensively insured
- Logbook and spare keys are not required
Ready to Proceed or Got A Question?
We have two options for you: –
1. Enter your registration and get a free no obligation quotation in under 1 minute.
2. Call us on 0333 577 5000 and speak to one of our expert loan consultants. We can offer advice on rates, repayments and our terms and conditions.
Thank you for your interest in NewLogbookLoans.com and we look forward to hearing from you very soon.