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Logbook Loans

Logbook Loans

Are you interested in a logbook loan? A logbook loan is another type of secured loan, in which you use your vehicle as collateral.

If your answer is yes, it is time you contacted us at Pixie Loans; one of the top-rated loan brokers in the UK available at your service.

What is a logbook loan?

A logbook loan is another type of secured loan popular here in the UK, where you can borrow a sum of money by presenting your vehicle as a security.

For people who find themselves in an unexpected situation with an empty pocket, a logbook loan borrowed through Pixie Loans can be beneficial at a time like this.

We have lenders who’ll happily lend you loan amounts ranging from £100 to £3000, depending on the amount you require to fulfil your needs. 

But can you still drive your car when you have acquired a loan over it?

This is what makes a logbook secured loan an easy catch. Within a short timeframe, not only will you be handed over the cash by our lenders but also be able to keep your car on the road.

Consequently, you do not have to give away your car to the lender in return for the loan amount.

Although, a key point to remember is that if you fail to repay the amount within the required time frame, the lender will be allowed to take possession of your vehicle. That is, the vehicle presented as the security against the loan, in order to pay for the remaining amount.

Do you need to own a car to apply for a secured logbook loan?

Yes, absolutely!

People who own a car and need quick money are eligible for the application. Regardless of whether you’re employed or unemployed, if you own a car, you can visit Pixie Loans and apply. Although, generally speaking, lenders will look on you more favourably if you are employed.

Representative 546.1% APR. Representative example: £200 repaid over 3 monthly instalments of £134.76. Total charge for credit £404.27. Interest £204.27. Interest rate 546.1% (fixed)

Can a person with a bad credit rating apply for a £3000 loan against their vehicle?

Yes, why not?

We at Pixie Loans have helped people acquire a loan even with a bad credit score. When applying directly with a bank for a loan, your score may lead to rejection. With us, this may not be the case.

Lenders teamed up with us wish to help people in their bad times. Of course, only after evaluation of your affordability do we connect you with lenders. They will then perform a credit check.

For this reason, if you drive a car but fear getting rejected based on your credit rating, we suggest you apply for a logbook loan through us. We’ll make sure to connect you with the best lenders and if you’re eligible, you could acquire the loan quicker than you anticipate.

Pixie Loans specializes in helping borrowers acquire quick, secured loans that help you compensate for any financial needs incurred recently. Therefore, if you find no one else extending a helping hand, know that we are here to guide you through!

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Representative 546.1% APR. Representative example: £200 repaid over 3 monthly instalments of £134.76. Total charge for credit £404.27. Interest £204.27. Interest rate 546.1% (fixed). APR rates range from 45.3% APR to 1575% Max APR. Your APR rate will be based on your circumstances.

Pixieloans.co.uk is a trading style of Maxed Up Media Ltd. Company registered address: Maxed Up Media Ltd, Adamson House, Towers Business Park, Wilmslow Road, MANCHESTER, M20 2YY. (Company number 07162006). Maxed Up Media is an appointed representative of Serpable Ltd and regulated by the Financial Conduct Authority under reference 848096. (Serpable Ltd is authorised and regulated by the Financial Conduct Authority under reference number 799104)

*loans can be paid into your bank account in less than one hour if the lender that has offer you a loan provides this service. In some instances, it can take up to 5 working days for a loan to be in your bank account. The lender will inform you when to expect the funds into your bank account.

IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.

Credit is available to 18 years and over. All loans are subject to status. A short-term, payday loan should be used for short-term financial needs only, not as a long-term financial solution. Never borrow an amount that cannot be repaid on your next pay period date. Missing repayments may have a negative effect on your credit rating and make it more difficult for you to obtain credit in the future.

The operator of this website is not a lender or short term loan provider and does not make loan or credit decisions. We are a credit broker, providing loan matching services and help connect consumers interested in obtaining short-term payday loans, installment loans, guarantor loans and secured loans in amounts between £100 and £5,000 with participating lenders or brokers in our network.

We do not charge you any fees to use our websites, services or products. Any commission received by us is paid by participating lenders or brokers if you choose one of their products or for referring you to them.

If you are matched with a participating lender or broker, you may be charged a fee directly by the participating lender or broker. Please be sure to read their terms and conditions before proceeding with any loan arrangement.

We work exclusively with a selected group of lenders and brokers to offer you a range of credit and loan products. We may receive a percentage of the loan amount as a commission from a loan provider or broker if you take out one of their products and/or we may receive a fee for introducing you to them.

You can request details of these commissions or fees, by emailing us. We will then provide you with the precise amount of the commission or fee or, where that amount is not known, the likely amount. Please note that the lender or broker we direct you to may not offer the cheapest loan that is available to meet your needs.

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