Logbook Loans NI Review | www.logbookloansni.co.uk
Address: Suite 122, 21 Botanic Avenue, Belfast, BT7 1JJ.
Branding: Logbook Loans NI. Also known as: Log Book Loans NI.
FCA Licence: 639453.
From: CarCashPoint Ltd.
Related: CarCashPoint, Logbook Calculator.
Available: Monday to Friday (8am/6pm), Saturday (9am/5pm), Sunday (10am/4pm).
Bad credit considered: Yes.
Manage: No Logbook Loans NI login at www.logbookloansni.co.uk.
Offers: Bill of Sale.
Pricing: £960/£1000 (12 months).
Sums: £500 to £50,000 (new and returning).
Terms: 6 to 60 months.
Notes: Service is strictly available in Northern Ireland only. This company is now part of CarCashPoint, although there has yet to be an update to their credit licence. Many of the featured specs match that of their owner with just a few slight differences such as the areas covered, cap level, launch year, prestige product etc. There has been an assumption on the Monday to Sunday visits (matching their owner) since there is no reference provided on this matter. They lend against a range of vehicle’s, but not on bikes that is another difference. The age is set at 10 years with only exceptions being made for classic cars. No credit checking is required. There is no SSL used on the domain, but they only take a few minor details anyway.
– Amounts: Up to £50,000 is the potential sum, although capping is set to 65% of the trade value of your vehicle. At the main firm they take 75%.
– Efficiency: 7/7 trading is expected, but this isn’t confirmed. Immediate turnarounds are promised here that you wouldn’t be surprised with since this brand is targeted fully on NI only whereby they’ll have agents well routed across the country.
– Eligibility: These Northern Ireland loans carry high acceptance rates. As well as no credit checking, they inform that CCJs isn’t an issue. No bank account is essential and self-employment is fine. Demonstrating affordability will of course be critical and the vehicle age stops at 10 unless you have a classic motor to bring into the agreement.
– Operations: Agents visits on Saturdays and Sundays are likely. We’ll be seeking confirmation on this in time. It is worth adding that any weekend coverage would cater sales only and not customer support.
– Terms: The repayment span of 6 to 60 months is wider than their sister-brands. This allows more manageable repayment structures, although you are advised to keep the terms low in this market due to the high sector pricing.
– CarCashPoint’s takeover looks to have taken place within the past year or so. They weren’t in charge the last time a study was made on this firm.
– Loan sums were previously set as £500 to £10,000 with a 70% cap.
– Term spread was 12, 18 and 24 months.