United Kingdom; 31, January 2015: People often end up with short on cash while financing a wedding, a short trip or other desires. Loan seems to be the only way out in such situations. However, it is not possible to get a loan immediately after applying. Logbook loan has made it easier to get cash loans against vehicles immediately. It is a preferred form of borrowing in selective situations.
Motoloan.co.uk provides logbook loans to the UK people and considers applications of people with bad credit. It lends up to £5000 and the amount to be borrowed should be 75% of the vehicle’s value. There are no early settlement charges and administrations fee. The payment terms are flexible and bad credit is also considered while proving these cheap loans. Motoloan believes in affordable and ethical lending while assisting the customers in their needs.
There are eligibility terms to apply for the lowest APR logbook loans. The applicant should be 18 years in age and legal owner of the vehicle. His or her vehicle should be clear of finance and fully insured. The documents to be submitted includes V5 registration document, MOT certificate, insurance details, photo identity proof, income details, recent bank statements and two latest bills showing current address.
The loans experts at Motoloan can arrange an appointment as per the convenience of the applicant. They’ll come to the customer’s residence to see the necessary paperwork is completed. Loan terms and repayment details would be provided to the customer. After the successful submission of the application, the money is transferred almost immediately in the borrowers account.
The duration of loan term depends on the borrowed amount, interest rate and the borrower’s ability to repay. People who can afford to make higher repayments for london logbook loans will be able to minimize the interest charges. Car of the borrower is the security against loan and the vehicle’s logbook should be submitted with the scotland logbook loans provider company.
Customers can use the vehicle throughout the duration of loan as long as they can make repayments. The logbook would be returned after the entire loan amount has been settled. The borrower himself would be responsible for the damages acquired during loan period. There are no restrictions imposed on the way to spend this money.
Many logbook loan providers have hidden charges and take extra money for early loan settlement. However, it is not the case with the Liverpool logbook loans provider company, Motoloan. Applicants with bad credit history are also considered by the responsible lender.
Motoloan.co.uk offers cash logbook loans to the customers facing payment difficulties at affordable rates. The company believes and practises responsible lending without charging excessive rates. Customers can also apply online and one of their loan experts would contact them to chat or arrange an appointment. Visit the website for more information.