Logbook Loans
Logbook loans allow you to borrow money using your car as collateral. These loans are often used by individuals who need fast access to funds and own a vehicle.
What Are Logbook Loans?
With a logbook loan, the lender holds temporary ownership of your vehicle until the loan is repaid. You can still use your car during the loan term, but if repayments are missed, the lender has the right to repossess it. Loan amounts typically range from £500 to £50,000, depending on the value of your vehicle.

Benefits of Logbook Loans
Access to Larger Loan Amounts
Logbook loans allow borrowing based on the value of your vehicle, often offering more significant amounts than unsecured loans.
Fast Processing
Funds are often available quickly, making logbook loans suitable for urgent financial needs.
No Credit Check Required
Some lenders offer logbook loans without performing a formal credit check, as the loan is secured against your car.
Things to Consider
Risk of Repossession
If you fail to repay the loan, the lender can repossess your vehicle.
High Interest Rates
Logbook loans often come with higher interest rates compared to traditional secured loans.
Frequently Asked Questions
Yes, you must fully own the vehicle to use it as collateral.
Loan amounts are based on your car’s value and typically range from £500 to £50,000.
Yes, you can continue using your car as long as you meet repayment terms.
Yes, reputable logbook loan providers must be authorised by the FCA.