Logbook loans are loans that use your car as collateral to access the desired credit facility. We offer loans on logbooks within 6 hours up to 50% of the value of the car at a flexible repayment period of up to 24 months. Like most secured loans, these loans accompany specific interest rates from as low as 6.5% based on the repayment plan and amount borrowed. If you need quick cash using your vehicle as security, a logbook loan is a great option.
Before applying for any logbook loan amount, it is essential to understand the variation of interest rates. The principal amount often accompanies specific interest rates based on the repayment period. Shorter repayment periods tend to have lower interest rates than prolonged plans. The logbook loan calculator helps you determine the rates applied on different loan amounts depending on your preferred repayment period.
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Note: Future interest will be excluded in an event of early loan repayment before the stated repayment period.
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