The loan industry has increased a lot over the years in UK despite the financial situation persistent in this country right now. More people are opting for loans and are much aware of their needs and requirements. Loans are an easy way to procure some cash during dire times, and especially during some emergency periods. However, before you opt for a loan it is essential that you are aware of everything associated with it; from the kind of loan you want to terms and conditions, right down to the interest rates just to be sure that you do not skip any repayments.
We, at meritmyweb.net, help you to get a loan easily. We offer easy interest rates and low down payments for logbook loans so that you can avail our offers and pervade through the monetary crisis you are in. it is imperative that you be acquainted with all the facets of a logbook loans and our agents help you to understand just that.
What is a logbook loan?
A logbook loan is defined as a secured loan which is opted for against a vehicle which you list as collateral. You just have to transfer the ownership under this kind of loan, and as long as you pay the instalments, you will be able to use the car without any hassle. However, if you fail to pay, your car will be repossessed by the lender and eventually be sold.
You can borrow as much as you like depending upon the value of your car. Usually, a logbook loan ranges from £500 to £50,000. However, a lender usually loans you about 50-70% of your car’s worth. Over the years, this has become hugely popular because it is the easiest way to get money quickly and the process is simple and easy as well. Between 2006 and 2009, according to reports, the number of people who opted for logbook loans had increased by 40%.
What do you need to do?
All you need to do is to contact us and fill up the form and our agents will get back to you with the right price quote for your vehicle. We need you to assert and substantiate that you are the legal owner of the car and so we need to check your V5 registration form. Also, you need to bring documents that prove that the vehicle has been insured and is free of any outstanding loans against it and has a legal MOT. We will get back to you once your loan is approved.
What is so special about our logbook loan?
We at meritmyweb.net see to it that your logbook loan requirements are fulfilled after you fill out the form and supply the various documents required. Our logbook loans are special because:
- We provide poor credit loans just like our partners at Creditpoor.co.uk.
- We have flexible, easy payments.
- We consider all vehicles, even bikes.
- Accommodating terms and rates.
- No hidden charges.
We understand your monetary requirements and thus, try and make the process as fast as we can. Our loans are quick to acquire if the documents are all in place and are correct. Feel free to contact us any time to get your loan. Our Parent company logbook calculator can give you more info.