Logbook is a certified license issued by the driving and licensing authority in Ireland to car owners. The logbook contains general information about the owner of the car and car as well. However, the logbook gives you a great help when you find yourself in financial crises as the logbook acts as a surety for you. You may need money to meet up your extra expenses and unexpected additional charges. In such case of financial emergency, some organizations like banks and loan lending institutes offer you loans, but their procedure is lengthy and it takes too long to get the loan from them. Moreover, if you have a bad credit history or a bankrupt you may face refusal from the loan lending agencies. In such a crucial time, your logbook helps you in getting loan from logbook loan lending agencies.
The logbook loan is given to you against surrendering your logbook to loan providing authorities. They get hold of your logbook and give you loan as much as you need considering the worth of your car. The logbook loan lenders offer their services over websites and provide facility of online application form to loan borrowers. The loan borrowers fill the online application form and submit it to the authorities. The authorities after getting the application form review it and call the borrower to its nearest office where they collect the logbook and ask for any other credentials that they consider necessary.
The criteria are set by authorities and if they find the borrower suitable they pay it loan. However, the interest rate over the logbook loan is high as the authorities trust you even you own a bad credit history or are a bankrupt. Logbook Calculator tells interest rate over the loan taken. The logbook loan borrower can use your vehicle as they do not take charge of it unless it fails to repay the loan.
A number of logbook loan lenders are providing their services to loan borrowers who own a car. In case you are in financial emergency and need fast cash you can visit them to meet up you urgent requirements.
However, you need to consider the terms and conditions set by the authority as some may charge extra amount or involve hidden charges. As discussed earlier, the interest rate is high and you have to look for the one whom you can set a fix amount for reimbursement. The logbook loan lenders only require your general information like your address and take only logbook against the loan. They give you amount if you have a fixed monthly income and you are above 18. In case, you don’t have fixed income they will refuse you to give loan as they can’t consider you able to repay their loan.
Logbook Calculator gives you help in getting proper loan from best lenders. The logbook loan is a great help to you in case of financial disaster, however, you need to take care in getting it as the interest over it is too high. You also need to set terms and conditions by having talks with the responsible authorities.