Now it is take a loan against your car. You can borrow money for a short term against your car and the best thing is you can keep the car as well. Unsecured car loans are issued to all the borrowers in few hours time. These are issued to the borrowers in less than 24 hours time. You can easily borrow money by filling an online application form and the process will be started immediately. Your application is entertained immediately and processed in less than 24 hours. In most of the cases the amount is issued on the same day of application and the best part is that the money is submitted in your account without any hassle.
If you are running on bad credits and still want a loan then these loans are the best way to arrange instant cash. You have to submit the cars logbook for the loan. The lender keeps it as a security for the loan. You can get the logbook back after repaying the loan. Logbook is an important document of the car. It contains all the information of the car so lender keeps as collateral.
You can borrow a higher amount of money then the value of the car. You need to qualify for the loan before you get it. You should be a citizen of UK and at least 18 years of age. You should be employed and should be drawing a regular income to assure that you can repay the loan in time. The car should be in your name and should not be older than 10 years. The amount of money that can be issued is decided on the basis of the value of your car. So if you satisfy these conditions then you can easily get the loan in few hours time.