Logbook Loan Eligibility

Although logbook loans have more lenient requirements compared to other types of loans, you still need the necessary documents so your application will get approved. Here is a basic checklist of requirements to guide you for a hassle-free, smooth loan application.

Personal Qualifications:

  • Must be 18 years old or older
  • Must reside in the UK
  • Must have capacity to pay
  • Must be the legal owner of the vehicle in question
  • Vehicle must not have any existing loans against it

Documents Required:

  • Valid ID with photo (any government-issued ID, passport, driver's license, etc.)
  • Proof of Income
  • Vehicle's logbook or V5 registration
  • MOT certificate of the vehicle
  • All relevant insurance documents of the vehicle
  • Proof of billing with your current address