Motorbike Logbook Loans
You may already know that it is possible to borrow money against the value of your car. These loans are called logbook loans. But did you know you can also get motorbike logbook loans? Why should bikers be left out? Modern motorcycles can cost as much or more than a small car. We are happy for you to use them as collateral for a logbook loan.
Starting the application process for a motorbike logbook loan is very simple indeed. We have attempted to make the entire end to end process, from applying for a logbook loan, to receiving the cash, as straightforward as possible. We know that for this type of loan, it usually means you need the money fast so we do everything we can to process your motorcycle logbook loan as quickly as possible. You could have the cash you need same day.
LogbookCalculator.com is a trading name of Mobile Money Ltd who are authorised and regulated by the Financial Conduct Authority and proud members of the Consumer Credit Trade Association. We maintain a Trust Pilot rating of 8.9 out of 10. This makes us a safe choice for procuring a motorbike logbook loan.
How Does a Motorbike Logbook Loan Work?
We need to go through a certain process when you apply for a motorbike logbook loan. It’s a simple process so don’t be alarmed. We need to check a few things about your motorcycle before we can proceed with your application and arrange the finances for you. Don’t worry if your bike isn’t worth much, or how old it is we are happy to lend from as little as £500 providing it’s roadworthy and you can afford the repayments.
We have to check a few things before we can decide if you are suitable to apply for a motorcycle logbook loan. We have to ask you to prove you own the bike. We also need to see it has a valid MOT (If applicable) and is insured.
Once we have checked your motorbike is suitable for use as collateral for a motorbike logbook loan, we can move your application forward to the next stage.
How to Apply for a Motorbike Logbook Loan
If you want to apply for a motorbike logbook loan, then a good place to start is getting the below documents ready for us to check:
- V5 registration document.
- Current valid MOT certificate (if applicable).
- Proof of insurance cover.
Our team will check these documents when you meet with us to make sure your motorcycle is suitable for using as security for the logbook loan, and if it is, we will continue with the rest of the application process.
As part of this process, we will ask you for a few more documents such as prove you are aged 18 or older, and that you make enough income to afford the loan repayments. Once this is done, our motorcycle logbook loan team will finish processing your application, and hopefully you will receive the funds you are hoping for. This can all be done very quickly, and in almost every case you will receive the funds within 24 hours from enquiry.