These days, there are many ways to get money whenever you need a little extra for an emergency. A car logbook loan is one such way. Some people choose to sell items around their home that they may not be using anymore, and others go to a financial institution to get a loan. If you cannot get a ‘normal’ loan or have nothing to sell, logbooks loans may be what you need. These loans will give you a chance to get money very, very quickly.
The logbook of your car is essentially your “ownership right” for that car. You can offer that right as collateral for your loan, stating that failure to pay the loan would allow the lender to repossess your car. This puts you slightly at risk because you may lose your car, but that is only if you do not keep up with your payments. If you can maintain a good payment history, car logbook loans give you a chance to get money when you need it without having to give up anything at all. You still drive the car, even with a lien on it.
The amount of money that you can get for a loan will depend on many things. The age of your car, the amount of money you make, the amount of miles the car has on it, and other factors, will determine both the value of the loan and the amount of money you can afford to pay in monthly premiums.
Car logbook loans are great solutions for quick cash, and they are fairly easy to obtain since your logbook acts as collateral for the loan. You may not have the best credit in the world, but that will not matter if you can prove that you have the income to pay back the loan. You just have to make sure that you keep up with the payments on the loan so you do not run the risk of losing the car. Pay off your loan and you can get the logbook back without any problems.
please help me i need a loan, my car is subaru legacy 1997 model.what are the requirements?awaitng for reply
Please contact us using our Contact page. We can help.
my name is mrs mutua, please help me to get a loan, i have an operating matatu, shark, waiting for your reply, regards
Please apply to any of our loans.
I have a Nissan Navara double cabin I bought 12 months ago for Kshs. 2.3 million and I want an emergency loan of Kshs. 1 million. How do I go about this? Geoffrey
Please apply for a loan here: http://kenyaloans.com/loan-application-forms/
my name is jared need aloan of 1 million to offset my matatu (0724790739)
I’m Edith and need a loan of 200,000 thousand payable in 5 or less months to investment in weekly return great business deal. My car is pajero IO 2007 make.just finished paying a loan taken the logbk.Pls advice
my name is george ngugi, i have a probox kbs 2007 model. would like a quick loan of 150’000. i do have the logbook. please advice
I’m David Muli.I have a probox.Have paid three quarter of my car to my company,I’m remaining with a quarter of the payments to clear and get the log book.I still need a loan using my car,to keep my businesses on.can you help.
Am joseph moki and i need a total of 300k can you pick the log + my m/vehicle make probox and you go with it peacefully cause i wanted 2 sold it