subject: Log Book Loans- Use Your Vehicles Log Book For Instant Cash [print this page] If struggling really hard to make all your payments then you should apply for Log book loans. A log book is an important document of any vehicle. This is issued by DVLA. It contains all the information and the ownership details of the vehicles. So it acts as collateral for the lender. So it makes it easy for you to get a loan against your vehicle through these loans. You just have to submit your application to the lender and your log book will be submitted with the lender till you repay the loan. So it makes it possible for you to get a loan against your vehicle without pledging it.
You can avail a higher amount then the value of your vehicle. Log book loans offer you cash ranging from 500 to 50,000. It makes it possible for you to make all the urgent payments without waiting for your payday. You can clear all your dues well in time. The interest rates of these loans are a little higher than the other personal loans. This is because the high degree of risk involved in these loans. But you can minimize it by doing a careful research in the competitive market. It may help you find a relevant lender with reasonable terms and conditions and fair interest rates.
Applying for these loans is very easy you just have to fill an online form for the loan. You will be asked to fill some information about you. The lender requires the borrower to fulfill some small stipulations before issuing the loan. The borrower should be at least 18 years of age and should be a citizen of UK. He should be employed and should have a valid checking account in his name. So if you satisfy these small conditions then you may apply for these loans.
by: Alen Maker
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