Loans against car- instant source of finance for emergency
Your favorite car does not only help you in transportation but also help you in arranging quick and big cash amount within shortest duration. Yes, many lenders are offering loans against car in United Kingdom. These loans are quiet popular in financial market with the name of logbook loans. No, loan seekers are not required to pledge their car against the money. Here, borrowers keep logbook or paper of car as collateral against the amount. Logbook is an important document of car which contains important information about the vehicle, like owner’s details, registration number, chassis number, color, car number, engine details etc. In the absence of document, individual can use car easily for personal or commercial purpose but can not sell vehicle. Hence, applicants get the desired amount without losing their possession on car.
To get the loans against car, borrowers need to fulfill the following conditions:
- Car or vehicle should not be more than 8 years old
- Loan seeker and logbook owner should be the same person
- Vehicle or car should be free from financial claim, insurance and tax
- Only UK citizens who got the permanent citizenship are allowed to grab funds
- Individual should have authorized bank account in UK with direct debit facility
- Borrower should be working full time or part time with regular income source
- Age of applicant should be 18 years old or more
Loans against car can provide you funds quickly at time of emergency ranging from £500 to £50000. Applicants are allowed to apply for any amount as per need and requirement. Here are some important features and benefits of money:
- Lenders do not run credit check while offering you cash
- Money is available for everyone including, homeowners, tenants and bad credit borrowers
- Cash can be used by a person for numerous purposes, like home improvements, debt consolidation, rent amount, credit card payment, wedding, holidays, business, education and many more
- Simple online application procedure
- Fast loan processing within 24 hours.
Gerry Parker is an expert author and has more then 7 years of experience in writing finance related topics. To know more about
Article Source: Messaggiamo.Com
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