Peugeot logbook loans are the ones in which your logbook would be taken under pledge against the amount that you borrow. This is a secured kind of loan against which you will have to provide the lender the logbook for your Peugeot.
The papers are kept by the lender as security and anyone who is a UK resident and has a registered Peugeot log book in their name would be able to apply for these loans. The logbook is simple a registration certificate which is issued along with certain details like the registration mark, the details about the registration and VIN number.
Features of Peugeot logbook loans
One of the best things about Peugeot logbook loans is that you would be able to get these loans even with a bad credit history. The credit history does not really matter to the lenders since the loan that they extend would be secured against the logbook of your car. those with bankruptcy, missed payments or CCJs would not have much to worry about and so, this is one of the best options for those who have an urgent need for money and no other source to turn to.
These loans are secured and they are available quite easily on the internet these days.
There would be short application form which has to be filled and submitted online for applying for the Peugeot logbook loans. The lender would check the details and contact you with the list of documents that you would need to submit.
It is important to read all the terms and conditions before you sign any papers. The amount which is offered to you would be deposited directly in your bank account. The processing time for these loans is quite short these days which is a big benefit.
However, there are a few eligibility criteria which have to be fulfilled. You must be of legal age and a UK citizen. You will also have to submit proofs of a regular income source and the logbook must be in your name. There should not be any finance claims on the car.
These are the only few criteria that you will have to fulfill in order to be eligible for Peugeot logbook loans. There are quite a lot of benefits of applying for a loan like this since you would still have the possession of your car and the funds are available quite quickly.
Also, the biggest benefit of this loan is that it is available to even those who have bad credit history and are not able to source funds from anywhere else. However, you will have to be regular with the payments if you want to improve your credit score.