Logbook calculator is logbook loan provider which is based in Worcestershire, United Kingdom. It provides logbook loans at lowest interest rates among other logbook loan providing companies in UK. Logbook loan is the type of loan in which you gets loan on cars, motorbikes and van. The amount of the loan ranges from £500 to £25,000 depending on the worth of your vehicle and your source of income. The loan provider keeps the V5 logbook of your vehicle against the loan money. This is a fast and very simple method of loan which is being adopted by many finance providing companies.
The interest rate of loan is very low as compared to some other logbook loan companies. Logbook Calculator provides loan with fixed 99.9% APR representative. For instance if you borrow £1,000 for 1.5 years or 18 months at an interest rate of 71.30% per year (fixed), then you will make 18 monthly payments of £91.95 with a total amount payable of £1,655.10. This amount is lowest as compared to many other loan providing companies. If you are unable to pay back the loan amount with the interest, then the loan provider can take custody of your vehicle. Lender do not need court orders to seize your vehicle as they already have the documents of your vehicle.
Logbook calculator is a subsidiary of Mobile Money Limited which was established in 1998 and it was the first company to offer logbook loans. It started with a single branch in Worcestershire and has grown since. The demand of the logbook loans kept increasing and it grew in other parts of UK as well. Nowadays it has branches in Northern Ireland as well. Impressed with the success of logbook loans, many other financial companies followed the footsteps of Mobile Money.
Mobile Money Ltd. has positive feedback and reviews from customer and has a very good reputation among the loan companies in UK. It has gained trust of many people over the course of more than 18 years and is member of CCTA (Consumer Credit Trade Association). It is authorized by the Financial Conduct Authority (FCA).
Mobile money provides loan at 99.9% fixed APR representative without any hidden fees or charges. They give loans on the easy installments of one to four years period. They offer loan ranging from £500 to £25,000. The amount of the loan you can get depends on the value of your vehicle and your affordability. You can repay the money in weekly or monthly installments. Your car must not be older than 2010 and should have a market value of £700 minimum.
Mobile Money gives you opportunity to apply online for the logbook loan. You do not have to physically to their branch. However, their branches are spread through England, Wales and Northern Ireland. You can call their number to talk to the company’s representative and he/she will guide you through the loan procedure and requirements. The members of Mobile Money can make a visit to your home as well to explain the loan getting procedure. And after you agree to the terms and fulfill company’s requirements then the loan will be transferred to your bank account.