APPLY NOW HOW IT WORKS WHY CHOOSE US CONTACT PAYMENT PORTAL What is a logbook loan? A logbook loan is a loan that’s secured on your car, van or motorbike, using the value of your vehicle as security – this type of loan usually allows you to borrow money even if you have a poor credit score* and without needing to use a guarantor. When you take out a logbook loan, the lender effectively takes over ownership of the vehicle via your V5 logbook, but you get to keep possession so you can still drive it – once you’ve paid the loan back, the V5 is delivered back to you. * Logbook loans can be granted to individuals with a poor credit history or rating, subject to affordability assessments. Are they the best loans for bad credit? Payday loans, and some other types of ‘bad credit’ loans, do not require an asset as security. In comparison, if you do have a vehicle, logbook loans may be one of the best loans for bad credit as they typically offer longer repayment terms and better interest rates. Also, providing there’s enough value in your car and subject to affordability, you could borrow a larger sum of money than shorter term loans usually allow. Because logbook loans are secured against the value of your car, they can be one of the best loans for bad credit, as you’re using something you already own as security. This means that, providing you can afford to pay back the loan on the terms offered when you complete the instant logbook loan application, it might not matter if you have a bad credit rating – we may still be able to lend you money. Warning: your vehicle is at risk of repossession if you do not keep up your agreed repayments. Rep. APR 300.3% Fast online application Our online logbook loan application only takes around 5 minutes to complete! Quick lending decisions Many borrowers receive an online decision in just a few minutes from application. Easy to follow process We explain all steps of the application clearly, so you know exactly what to do next. Open Banking facilities Our secure service allows you to share banking transactions without any worry. Fast track service available Get accepted via our fast track service, with many loans underwritten within 30 minutes. Up to 80% Loan-To-Value We can offer loans of up to 80% of the value of your vehicle, subject to affordability. Logbook loans – bad credit doesn’t have to be a barrier! We hope we’ve answered the question “What is a logbook loan” clearly for you but remember that our UK based team are always on hand to help if you need any more assistance – so if you’re not sure if a logbook loan is the best loan for you, give get in touch and we’ll be happy to help! Authorised and regulated by the Financial Conduct Authority under number 677922 for consumer credit. Auto Advance Logbook Loans is a trading name of DTW Associates Limited, registered in England and Wales under number 05305220. Registered address: Ashford House, 41-45 Church Road, Ashford, Middlesex, TW15 2TQ. Useful Links CCTA Codes of Practice Customer Information HTML Sitemap Privacy Privacy Terms & Conditions Blog Contact Us Customer Services 0333 577 1990 01784 424879 Keep in touch © 2020 DTW Associates Limited. Powered by eleventybillion We use cookies to make sure you can have the best experience on our website. Learn more. If you continue to use this site we assume that you will be happy with it.OK