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Logbook Loans London - Where Your Car Can Lend You Money

26.10.2023 by Paul H


In the fast-paced city of London, financial needs can arise unexpectedly, demanding immediate solutions. When urgent cash is essential, (LOYC) stands as your reliable partner. As the UK's leading Logbook Loan Lender in London, LOYC offers a seamless and swift way to raise funds by releasing the equity in your vehicle whilst you continue to drive your car in London, making it your go-to source for quick and hassle-free cash solutions.

Who Are (LOYC) is a direct FCA authorised UK leading ‘Logbook Loan’ Lender. We specialise in providing proven and preferable Logbook Loan London solutions for individuals seeking rapid cash injections, often within the same day, all while retaining full personal use of their vehicles. Our exceptional service has earned us the prestigious title of 'UK’s No.1 Trusted Logbook Loan Lender' in London on Trustpilot, backed by glowing 5-star reviews from satisfied borrowers.

What is a Logbook Loan?

A Logbook Loan is an innovative financial solution designed for car owners to unlock the equity in their vehicles promptly. With LOYC, you can access a same day cash loan while still enjoying uninterrupted use of your vehicle. Unlike other Vehicle Equity Release providers, we operate through a modern Hire Purchase agreement, ensuring a secure and transparent transaction process.

Loan Features: Minimum and Maximum Loan Size

At LOYC, we cater to a wide range of financial needs, offering loans starting from £500 to an impressive £150,000. Your loan amount is determined based on a substantial 65% of your car's trade value, evaluated by CAP HPI expert market valuation.

Flexible Loan Terms

Flexibility is at the heart of our services. LOYC providesloan terms ranging from 12 to 60 months, allowing you to choose a repayment plan that suits your financial situation. Additionally, our borrowers enjoy the freedom to settle the loan early with a 100% penalty-free option, empowering you to manage your finances on your terms.

Affordability Assessment and Credit Checks

To ensure responsible lending, our loans are subject to a thorough affordability assessment, credit check, and review of the latest 3 months bank statements. These measures guarantee that your loan is tailored to your financial capacity, fostering a sustainable borrowing experience.

Competitive Interest Rates

LOYC offers competitive interest rates, ranging from 6% to 10% per month, depending on your required loan size. This affordability ensures that your repayment journey remains manageable and stress-free.

Digital Convenience

Embracing digital innovation, LOYC eliminates the hassle of paperwork and in-person visits. Our online application process is swift and straightforward, removing the need for home visits or trips to high street locations. Through video inspections conducted via WhatsApp or FaceTime, we expedite your loan approval, often within 60 minutes. Once approved, the funds are seamlessly transferred into your account within minutes, ensuring you receive your cash without delay.

Key Facts About Logbook Loans from in London

  • Loans from £500 - £150K
  • Loan Terms from 12 – 60 months with monthly repayments
  • Loan secured on the car via ‘Hire Purchase Agreement’
  • Retain full use of your vehicle throughout the loan duration
  • Borrow up to 65% of the vehicle trade value
  • Loans subject to an affordability assessment and credit check
  • Option for interest and capital repayments
  • Overpayments allowed with recalculated interest
  • 100% penalty-free settlement for early repayment
  • Applicable throughout the United Kingdom
  • Online application process with same day cash transfers
  • No hidden fees or charges

Vehicle Requirements in London

  • Vehicles must be under 10 years old, with consideration for prestige, classic, and vintage cars
  • Personal cars only; no company cars allowed
  • Maximum of 150,000 miles
  • Cars must be free of finance, but LOYC can clear existing finance agreements if required
  • Minimum trade value of £3,000
  • No additional keeper added to the logbook
  • Cars must be fully taxed, have a valid MOT, and be fully comprehensively insured
  • Logbook and spare keys are not required

In the bustling streets of London, time is of the essence, and understands the urgency of your financial needs. With our seamless, transparent, and swift Logbook Loan solutions, you can unlock the equity in your vehicle, transforming it into immediate cash without any disruptions to your daily life. Experience the convenience of digital lending coupled with trustworthy service; choose LOYC for your quick cash needs today.