Scottish Logbook Loans
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Representative Example:
If you borrow £1,000 over 36 months at a flat rate of 84% per annum [fixed] with a Representative 204.2% APR you will make 36 monthly payments of £97.98, making a total amount repayable of £3,592.28 including £40.00 document fee and £25.00 Option To Purchase fee. The total charge for credit is £2,660.00. Logbook Loan repayment length from 18 to 60 months. The maximum APR is 389.1%.
Your log book loan is secured against the vehicle, and missing payments could put the car at risk of repossession.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk
What are Scottish Logbook Loans?
Logbook loans are cash loans that let you borrow against the value of your car. It is a fairer, simpler, and quicker alternative to the original logbook loan, as you do not need to surrender your logbook or car keys. You can complete your application exclusively online, without the requirement of a face-to-face meeting.
LoanOnYourCar.co.uk is a direct lender and we invite you to complete your loan application online, and we can complete your loan in under 60 minutes. You will sign forms electronically, have your car inspected through a video call and complete an affordability assessment remotely.
In order to apply for a logbook loan, we will require a credit check and an affordability assessment to protect you from borrowing more than you can afford to pay.
About LoanOnYourCar.co.uk
LoanOnYourCar.co.uk is a direct lender operating under the supervision of the Financial Conduct Authority (FCA) and accredited by the Consumer Credit Trade Association (CCTA). Using a hire-purchase agreement, not only is our logbook loan legal in Scotland, its a safer and fairer alternative to traditional logbook loans
With a combined experience of over 30 years and leadership in the consumer credit and finance industry, LoanOnYourCar.co.uk is one of the most trusted companies in the non-bank lending sector.
We are an entirely digitised business eliminating the need for an agent visit. We handle everything remotely, securely and quickly through e-signature features, video-call car inspections, electronic document transmission and remote affordability evaluation. No home visit is required.
We welcome your call to our expert team at 0333 577 5000 for a no-obligation quote, or you can apply online and get an offer within minutes.
How are Scottish Logbook Loans different to English or Welsh Logbook Loans?
Not all Logbook Loans are compatible with Scottish laws. Many UK Logbook Loan lenders structure the loan as an antiquated Bill of Sale which is not legally recognised in Scotland. We, however, offer the loan as a Hire Purchase Agreement in line with Scottish finance regulations.
Only a hire-purchase logbook loan are legal in Scotland. Simply apply online, enter your car details, and we will give you an instant decision. In most cases, you can have the money in your bank account within an hour.
At LoanOnYourCar.co.uk, we provide logbook loans throughout Scotland to customers in all our major cities including;
● Logbook Loans in Glasgow
● Logbook Loans in Edinburgh
● Logbook Loans in Aberdeen
● Logbook Loans in Dundee
● Logbook Loans in Inverness
● Logbook Loans in Perth
● Logbook Loans in Stirling
● Logbook Loans in Paisley
● Logbook Loans in Falkirk
● Logbook Loanss in Cumbernauld
What are you waiting for? Take advantage of our legal Scottish logbook.
How To Apply For A Scottish Logbook Loans
The application is simple. All you have to do is tell us;
● Your vehicle Reg Number
● Your vehicle’s mileage
● How much you wish to borrow
● Your name and contact details
With loans from £500 -£150K, we can provide you quick and easy access to the cash you need.
Why Choose LoanOnYourCar.co.uk for your Logbook Loans
Logbook Loans are just what we do – we are the UK Logbook Loan experts. We are a privately held business and help a wide range of clients throughout the United Kingdom, including Logbook Loans in Scotland and logbook loans in Northern Ireland We are kind, polite, and respectful, and we always try to discover the best course of action for our clients.
By working with LoanOnYourCar.co.uk, our clients receive a bespoke logbook loan agreement.
If you're interested in learning more about logbook loans, apply directly at any time for your logbookloans247. Complete the application form at www.LoanOnYourCar.co.ukor call 0333 577 5000 and speak to one of our expert loan consultants to arrange your logbookmoney. LoanOnYourCar.co.uk will begin by inquiring about the vehicle, your timeline, and your desired loan amount.
Scottish Logbook Loan Features
Loan Agreement
Hire Purchase agreement, regulated by the Consumer Credit Act 1974. This is legal in Scotland.
No Home Visit Required
Complete the loan online throughout Scotland. A home visit is not required.
Convenient Loan Completion and Car Inspection
All loans are completed online using e-signature technology for your convenience. We inspect your car via 'WhatsApp' in under 5 minutes.
Same-Day Pay-out
We aim to pay out your new Scottish logbook loan within 60 minutes of online receipt of the contract and loan documentation from the borrower.
No Logbook and Spare Key
We never ask for a logbook or spare key.
Fair Price
The representative APR is 204.2%. [Please see representative example for full details].
No Extra Fees and Charges
The £40 document fee and £25.00 option to purchase fee are payable with the final payment. There are no fees for phone calls or letters.
Settle Early
Yes, we allow you to settle the loan 100% penalty-free at any time. - no minimum loan period.
Overpayments Allowed
Yes, we accept overpayments and recalculate your new repayments based on the lower balance.
