Have you ever thought that you can make a lot of financial benefits from your log book? Surprised? Yes, this is true and it is possible with the help of log book loans. By pledging your log book against the borrowed amount, you can get a quick financial aid. A log book is a statement that provides basic details about your car like model of the car, colour, registration number, and so on. Through these loans, you can meet all the sudden expenses without any delay. These loans are helpful in meeting the short-term demands of life.

Log book loans are availed to you for the amount ranging from 50 pounds to 1500 pounds. The repayment period of these loans is of 14 to 31 days. If you fail to pay back the borrowed amount in time, the lender will confiscate your log book n you will not be able to drive your car any more.

There are certain guidelines that must be cleared by the applicant to avail these loans easily, which are:

The applicant must be a permanent citizen of UK
He/she must be an adult of at least 18 years or above
He/she must be permanently employed in a UK firm
He/she must be earning a handsome salary of at least 1000 pounds/month
He/she must possess a valid bank account for the transfer of loan amount.

Bad creditors also approved for these funds. Bad credits generally include arrears, defaults, bankruptcy, etc. There is no verification of credit history. So, if you are holding poor credits, do not be ashamed of that. The lenders understand the problems of such people. There is no procedure of credit check.

These loans are widely available over the web. Through the online mode of application, you can get fast money within 24 hours.