Logbook Loans from £250

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The APR shown or the representative APR may not be the rate you'll receive. We offer you a rate based on the amount you borrow. The maximum APR you could be offered is 606.3% APR representative. If you borrow £850.00 over 18 months at an interest rate of 132% per annum (fixed) (REP 450.5%) you will make 17 monthly payments of £140.72 and 1 payment of £140.76 with a total amount repayable of £2533.00.The Bill of Sale document is what gives a lender security over your vehicle and means that they are technically the vehicle’s legal owner until you have repaid your loan.

Frequently Asked Questions


Our eligibility requirements differ from traditional loans.

  • Do you have valid identification documents?
  • Are you 18+ years old?
  • Do you legally own the vehicle against which you seek a logbook loan?
  • Do you have documents to prove ownership?
  • Is the vehicle insured?
  • Is the vehicle free or almost free from finance?

If the answer to all these questions is a YES, then you could be eligible for our logbook loan.

What is required on application?

Your vehicle’s V5 document is the basic requirement on application. However, you will also be required to present a valid MOT certificate (if applicable) and details of insurance. Of course the vehicle is also required for inspection, but will remain in your possession throughout the duration of the loan. Additionally, proof of identify, current address and income will be required.

Maximum amount I can borrow

You could borrow from as little as £250 up to £50,000. However, the amount largely depends on the vehicle’s valuation. This will also depend on your affordability.

What kinds of vehicles are accepted?

Logbook Calculator considers all types of vehicles: be it a van, a car, or even a motorcycle, we could give you a logbook loan.

Will I need to sign anything?

Yes, a document known as a Bill of Sale is signed when a customer uses a vehicle as security against a logbook loan. This document transfers legal title of the vehicle to Logbook Calculator for the duration of the loan, but you still keep driving it whilst you make repayments. In the event that you fail to meet your repayment obligations, we will do all we can to work with you so would ask that you contact us as soon as possible. In the event that the loan is not paid, we are authorised to take possession of the vehicle without a court order.

I am self-employed, can I apply?

Yes! You just need to provide a proof of income such as bank statements, invoices or accounts.

Do I leave my vehicle with you?

No, one of the key benefits of a logbook loan is that you continue to drive the vehicle for as long as you maintain your repayment obligations. It’s also your responsibility to keep the vehicle in working order, including tax, MOT, and insurance.

How fast is my application process?

In most cases, once your application is reviewed and approved, you could get your money on the same day you apply.

I want to pay earlier, is it accepted?

Yes! You can repay your loan in full amount at any time and at no extra cost. And what’s more, no charges are levied for early repayment or settling the loan before the end of the loan term.

How Long Should I Make the Repayments?

The duration of the term depends on a combination of your loan amount, affordability, and personal requirements. You can choose a longer or shorter duration, and you can choose to pay weekly or monthly.

Are there risks?

If you fall into arrears, the most important thing you can do is keep in contact with us. We at Logbook Calculator will do everything possible to work with our customers if they fall on hard times. You should be aware however that a logbook loan is secured against your vehicle and if you are unable to make payment or refuse to comply with mutually agreed alternative measures, your vehicle may be at risk of recovery and we might also consider taking legal action against you, which could affect your credit rating.

Late repayment can cause you serious money problems. Your vehicle may be repossessed if you do not keep up repayments on your loan.
Loan contract from 18 months minimum term.