Logbook loan lenders

A logbook lender allows you to borrow up to £50,000 and repay over 2 to 5 years in weekly or monthly instalments. Logbook loans are secured on the borrower’s vehicle allowing those with bad credit or no credit to access the finance they need to pay for bills, emergencies or special occasions.

List of Logbook Lenders

We feature a number of competitive logbook lenders on our website. Below we show a list of logbook lenders that we work with and you can click through to the individual page of each lender to get a better idea of how much you can borrow and their lending criteria. Once you have chosen the best lender for your requirements, you can click through directly to their website where you can apply.

How do you apply with a Logbook Lender?

Most of the logbook loan lenders we feature on our site offer an online application and the entire loan can be finalized through email and over the phone. If successful, the funds can be transferred to your bank account on the same day or week.

We also display logbook lenders on our website that have stores on the high street – so you can visit one of their outlets near you and if you have all the relevant documents available, you can receive up to £2,500 in cash on the same day.

What information do you need to provide to Logbook Lenders?

Applicants are required to provide their V5 certificate or logbook to the lender prior to an application. This confirms their ownership of the vehicle which they wish to secure as part of the loan. Further documentation required includes an up-to-date MOT certificate, tax certificate, UK driving license and proof of income and employment.

The vehicle that you wish to secure on your loan must be almost finance free and worth at least £500. Some logbook lenders may not be able to provide finance if the vehicle is over 7 years old however this depends on the quality and value of the vehicle.

Customers that apply must sign a ‘bill of sale’ which temporarily hands over the ownership of the car to the logbook lender. The borrower can continue using and driving the car as normal but if they fall into arrears, the logbook lender can sell the car without a court order.

How much can I borrow from a Logbook Lender?

How much you can borrow will depend on the value of your vehicle and how much income you receive each month. Typically the greater the value of your car and higher the income you generate, the more you will be able to borrow, with some lenders offering loans of up to £50,000.

Newer vehicles will typically be worth more so this may also extend your borrowing facility. From the lenders’ perspective, they want to be able to recover the cost of their loan by giving you an amount that you can afford to repay with your salary or through the sale of your car. But provided your application is successful, you can receive funds by cash or into your bank account on the same day or week.

How do repayments work with Logbook Lenders?

Logbook lenders provide loans that are repayable in weekly or monthly instalments over 2 to 5 years. Repayments are usually collected through the customer’s debit account on a scheduled repayment date. Customers have the option to repay their loan early and it will usually reduce the overall price of the loan for doing so.

What are the risks involved with Logbook Lenders?

The greatest risk of a logbook loan is that your car, bike or van may be repossessed if you fail to keep up with repayments. Of course, the lender won’t repossess your vehicle as soon as you miss one repayment. The lender will always contact you if you fall into arrears and try help you repay your loan, leaving repossession as a last resort.

The reason for the car being repossessed is to cover the cost of what you have borrowed from the lender. If the car is sold for less than anticipated, you may be required to cover the shortfall in outstanding debt. You will be allowed to re-purchase the car again in the future.

How we select the logbook lenders we work with

At Quiddi Compare, we feature a number of logbook lenders on our website that have been approved by the FCA. We ensure that all the lenders we feature follow the guide to responsible lending and treat customers fairly. To ensure the best customer experience, we always update our comparison table with new lenders in order to find the best deals and the lenders that are actively approving loans.

Our site is completely free to use and we will never pass on your details to any third parties without your permission. We encourage you to read our section on useful information about logbook loans so you know what to expect when you apply and also that you understand the risks of non-repayment.

List of Logbook Lenders


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