Anyone who is of legal age, a resident in the UK and is a vehicle owner is welcome to apply for a logbook loan at NCDS Loans.
To ensure a speedy processing of your loan application, we recommend applicants to prepare the following documents:
At NCDS Loans, our goal has always been to provide quick cash for borrowers who cannot otherwise avail personal loans from major providers because of bad credit. It doesn’t matter what you’ll use the money for. Our job is to offer fast loans at a price you can afford.
We accept all types and brands of cars available in the UK provided that the car is free of any financing and is less than ten years in age. You can borrow up to 70% of said car’s official trade value.
Ideally, we require all applicants to be fully employed to be eligible for a logbook loan. But at NCDS Loans, we can also be pretty flexible. As long as you can provide us proof of steady income, even if you are self-employed or working part time, we may arrange a suitable deal for you.
Once approved for a logbook loan, you still get to keep and continue using your car. Just bear in mind that temporary ownership of your vehicle has been handed over to NCDS Loans until the loan is fully repaid.
In the event that you fail to repay the loan, NCDS Loans may repossess you vehicle as per the debt agreement and the bill of sale document.