Today’s business ideas developed in the United Kingdom give car owners the opportunity to get a loan, without having to prove they are reliable borrowers. If you need money for an urgent expense, companies which offer logbook loans will give you their full support as long as you are willing to put your car in the contract. But choosing the right lender can be hard, and with so many fake companies on the mark, you should always keep your eyes open for scam loans. In order for you to make the right choice, we will give you a UK secured loan list which contains the top four companies in the business.

Car Cash Point has a representative APR (Annual Percentage Rate) of 345.9%, which means that if you borrow £500 for as long as 156 weeks at a 119.86% annual rate, you would have to pay back around £15 every week. The total amount of money you will have to repay in such a case is £1,400. The company requires a proof of income and only addresses the needs of permanent UK residents. If you want to apply for a loan, you must be at least 18 years of age and own a finance free vehicle which is not older than 10 years. The minimum amount offered by the company is £500 and maximum is £50,000.

Varooma is another top company which offers loans to people who own cars. Their representative APR is 178.2%. This means, that if you were to borrow, for example £1.000 for a period of 52 weeks with a monthly interest rate of 4.99% you will end up paying back a total of £1,668, meaning a total of £139 every month. They accept self-employed people, but as in the case of the company mentioned before, Varooma will need a proof that you are getting an income. The lenders also ask that the person applying for a lone is a registered owner of vehicle for which all finance-obligations have been paid. The car must not be older than 10 years. The only disadvantage with the company is that the maximum amount offered is £5,000, whereas the minimum is £500.

Easy Logbook Loans has a representative APR of 258.2%. For an amount such as £1,000 which has been borrowed for a period of 52 weeks, the person who received the loan will have to give back £1,959.96 if they settled for an annual rate of 258.2%. The requirements you must meet in order to get a loan are the same as for most companies: you must be a UK resident, a registered owner of a vehicle that is not still tied to any debt, and you must present a proof of income. If you own a quality luxury vehicle which is not older than 10 years, the loan you are given by this company can go as far as £15,000.

One of the best companies when it comes to such loans is Logbook Loans. Their representative annual rate is 491.36% so if you were to borrow £850 over 78 weeks at annual interest rate of 127.2%, you will have to give £31.69 every week and a total of £2,471.82. Another benefit of choosing them as your loan company is the fact that you will receive £100 if you refer Logbook Loans to one of your friends. The minimum amount of money offered is £400 and the maximum amount of money given by this company goes as high as £50,000, depending on the type of vehicle you own and state it is in. You can easily apply for a loan on their website if you are over 18 and resident of United Kingdom.
Do you need money for the perfect holiday or for organising a significant event such as a wedding or a christening? Getting a logbook loan http://www.logbookloans.co.uk can solve of you financial issues! Visit our site where you will find the best type of UK secured loan http://www.logbookloans.co.uk your vehicle can get you.