Fast logbook loans - instant finance against your vehicle logbook
Your car is no longer a tool of pleasure or comfort. Now, needy people can use this tool for availing money at time of emergency. No, we are not asking you to deposit your car into bank and tackle your monetary problem. It is your car and you are the only person who should enjoy the drive. In order to provide you better option, lenders introduced fast logbook loans. As the name refers, these loans provide quick money and are approved against the logbook of car. These finances come in the category of secured loans but you do not loose the ownership of car. After obtaining funds from bank or lender, consumers can still use the car for any purpose. Lenders only keep logbook or document of vehicle.
Logbook is an important document which contains the essential information of vehicle, like registration number, chassis number, name of owner, color, engine number, model, etc. Without this document, you can not sell your car to anyone. Financial institutions just keep the document in possession as long as amount is returned back completely. To get desired amount against your vehicle, you need to pledge the document against the money. As far as amount is concerned, it completely depends on the value of your car. As per the criteria of fast logbook loans, individual can obtain amount in the range of £500-£50000. These finances are best suited to bad credit holders and tenants as well. Yes, lenders approve the loan application without checking past credit record.
Fast logbook loans can be used for any purpose such as home improvements, debt consolidation, credit card payment, insurance premium, education, business, holidays, wedding, hospital expenses, etc.
Here are the criteria of finance:
- loan applicant and owner of logbook should be the same person
- vehicle or car should be free from any claim and insurance
- Car should not be more than 8 years older
- Lenders prefer to offer cash on insured vehicle
- Individual should have good source of monthly income
Borton Stevens is an expert author and has more then 7 years of experience in writing finance related topics. To know more about Fast Logbook Loans Visit: http://www.loansz.co.uk/
Article Source: Messaggiamo.Com
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