Family Takes a Short-Term Logbook Loan for a Dream Family Holiday To Florida

08.07.2022 by Jack H

LoanOnYourCar.co.uk is delighted to have completed a same day and easy logbook loan application for a family looking for short term equity release on their BMW X5 to fund their dream summer holiday.

The client made a direct approach to LoanOnYourCar.co.uk after finding us on Bing while searching for a short-term secured loan in Birmingham. The client said: “Due to COVID, we hadn’t been on holiday for over 3 years, and the opportunity came up for a dream holiday in Florida." "I had taken out a logbook loan before, so I knew I could take out a loan against my car until my work bonus was paid in a few months.” He added: “I found LoanOnYourCar.co.uk online; they were a digital lender, which meant everything was completed online, the same day without the need for a home visit.” He finished “I only need the loan for 2–3 months maximum, and LoanOnYourCar.co.uk will allow me to settle my loan early without a penalty – brilliant! I am very pleased with the service I got from Loan on your car. "The standard of client service was faultless and professional.”

LoanOnYourCar.co.uk is a digital lender that operates throughout the UK. Our client never needed to travel, as his logbook loan was agreed upon and completed from the comfort of his home. On receipt of our client’s application, we completed a real-time valuation of his BMW X5 within an hour, and a decision in principle was emailed to him. Within 30 minutes, LoanOnYourCar.co.uk completed a What’s App video appraisal of the BMW X5 and issued the loan paperwork. The client e-signed the loan documents and submitted the required supporting documentation via email, and the funds were released to the client’s bank account in a matter of hours.

Paul Hilburn, director at LoanOnYourCar.co.uk, said: “This is the fun part of our job, helping our clients fulfill their dreams. Our client needed a short-term loan to fund his holiday. "Logbook loans are an excellent solution for clients looking to raise some short-term cash to pay for a last-minute holiday and spread the costs over a few months.” He added: “Our logbook loans are extremely flexible; we allow our clients to repay the loan early with a penalty fee during the term and also provide the option for our clients to make overpayments and benefit from paying reduced interest.”