Eligibility Criteria for Logbook Loan
For having a logbook loan, a person must be a UK resident and 18 years old. You must own a vehicle that you can use as security against loan. Also, you have to prove that you are able to afford monthly repayments. You can get a logbook loan if your credit history is poor, but you can not get one if you are already in a debt management plan.The vehicle you are thinking to use as security, must be in good working condition.
You must have registration documents of the vehicle, and this vehicle must be insured.