Rates and Fees

Rates and Fees

Logbook Loan Examples*
Total amount
of credit
Total amount
payable
%APR
Representative
Fixed annual
interest rate
Duration Instalments
£500 £1,442.3 478.3% 125.64% 78 weeks 78 x £18.49
£750 £2,163.45 478.3% 125.64% 78 weeks 78 x £27.47
£1,000 £2,884.6 478.3% 125.64% 78 weeks 78 x £36.98
£2,000 £5,769.2 478.3% 125.64% 78 weeks 78 x £73.96
£3,000 £8,653.8 478.3% 125.64% 78 weeks 78 x £110.95
£4,000 £11,538.4 478.3% 125.64% 78 weeks 78 x £147.93
£5,000 £14,423 478.3% 125.64% 78 weeks 78 x £184.91
£7,500 £21,634.5 478.3% 125.64% 78 weeks 78 x £277.37
£10,000 £28,846 478.3% 125.64% 78 weeks 78 x £369.82
£15,000 £43,269 478.3% 125.64% 78 weeks 78 x £554.73

* The above figures are just estimates. You’ll find exact information on loan amounts, repayments, instalments and APR% in the documentation given you by the logbook loan lender.

Please be sure that when you fill out and submit our loan application you are under no obligation to accept any offer that our lending partners give. Our service is 100% free and is designed to match you with a reputable logbook loans company, which will provide you with a free, no-obligation logbook loan quote. It’s up to you to decide if you want to proceed further and accept the loan. By all means you’ll be able to review all of the necessary documentation needed for the logbook loan before you decide whether to take it.

Implications of late payment

Please read the offer documents of the loan company before making any suggestions. Especially the late payment implications. You may have to pay charges £25 to £250 depending upon the number of weeks you miss the payment.

Implications of non payment

A Log Book loan is secured against your vehicle, which may be repossessed if you do not make payment. Late or missed payments may incur a charge for chasing letters and telephone calls.

Renewal policy

Renewal policies are determined by the lender, not by us, so they will vary. Be aware that some lenders may not debit your account for the full amount of the loan which may result in additional fees and a renewed loan. Make sure you read the renewal policy carefully and make your wishes clear to the lender.

General Rates & Fees

The logbook loan offer documentation discloses completely your loan APR and any associated fees. All loan applicants may feel free in deciding to accept the logbook loan based on this documented disclosure, with the complete understanding that your logbook loans will never be assessed any additional undisclosed fees or changes to your APR.

All loans granted subject to affordability. Proof of income will be required. A Log Book loan is secured against your vehicle, which may be repossessed if you do not make payment. Late or missed payments may incur a charge for chasing letters and telephone calls. Lenders abide by the CCTA voluntary Code of Practice. We do not have a renewal policy.

Representative Example

Total amount of credit

£850

Total amount payable

£2471.82

%APR Representative

491.36%

Fixed annual interest rate

127.2%

Duration of Loan

78 weeks

Number of Instalments

78 x £31.69

DISCLAIMER: Logbook Loans – Unlock Cash In Your Car With The Fastest Logbook Loan does not directly offer any financial products, but refers customers to companies that are registered with the Office of Fair Trading and hold a Consumer Credit Licence.