subject: Loans 2 Go Launches Free Online Log Book Loan Valuation System [print this page] Loans 2 Go Launches Free Online Log Book Loan Valuation System
Loans 2 Go has pioneered a new online valuation system to help people understand how much a log book loan lender will potentially lend against their vehicle. No other lender currently offers this service and there was a clear problem identified by Loans 2 Go with people's expectations of the value of their Vehicle and reality. To apply for a logbook loan simply bring to one of our branches your vehicle registration documents, insurance documents, MOT certificate (where applicable) and the vehicle you wish to use as security for the loan. In addition, you will need to bring proof of identify, address and earnings.
Managing Director, Darren Smith, explained "We had a number of customers who were turning up at our branches with completely different expectations as to what they could borrow, compared to what we would lend, as they misunderstood their vehicle's true value. From speaking with others in the sector I realised that this was an industry wide problem which required a solution hence we launched our free online log book loan valuation system, which has been an overwhelming success."You can also choose to repay the whole of your loan early with no redemption penalties. It should be remembered that we provide loans for those with short term cashflow needs and therefore it may be beneficial for you to consider other forms of finance should you require a longer term loan.
Loans 2 Go customers are now able to enter their vehicle registration number, and other essential information such as mileage and specification, to get an indication of their vehicle's worth and how much they can borrow against it. The system even allows for customers to upload images of their vehicle and outline, on a digital diagram, if there is any damage to it, to help ensure that the customer gets the most realistic valuation possible.
Although the service was only launched a few months ago, Loans 2 Go has already received a good response from its customers who have said that they have found it a very useful free tool.
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