The 12 Month Payday Loan Process
The loans which are given against the owned vehicle; are known as logbook loans. As the name suggested the loan is given against the logbook of the care; which authenticates that you are the owner of the car. Unlike traditional banking and loan processing the customer doesn’t need to wait for many days and even you don’t need to provide the bundle of documents as well. Apart from all that you don’t need to show any guarantor or witness and even there will be no credit check against your banking records as well. So even if you have a bad credit history; or have missed some bank payments; you don’t need to worry at all. At http://www.12monthpayday.co.uk/ we facilitate all the potential debtors that own a car and above all that seeking for a loan which is as per their affordability.
The process of logbook loan is on the click of your mouse. Once you decided and investigated the company/ lender thoroughly; you just need to visit our website and fill some basic information like your email, amount to want to borrow and your phone number with name. Now your work is done and waits for an instant call from 12 Months loans. In order to complete the loan application, you’ll need to provide proof of vechile ownership which is V5, your residency confirmation, the proof of your income and must show some address proof and age proof as well. Once all the satisfactory documents are witnessed the car worth is calculated and based on that the loan ranging £250 to £50,000.
Once you apply for loan; you will receive a call from our side and then a service advisor visit you to check the condition and worth of the car. Application processing is very fast and easy. Just the basic documents of your car and your identity, with an evidence that there will be no problem in repayment of the loan; this is all that is required for a loan. Upon satisfaction an agreement is signed against the logbook; this agreement ensures that the logbook is with the lender but the vehicle will remain with the borrower. They can use it for the tenure of the loan as well as they can utilize the services of that; till the time they are paying the loan amount on time. Once they fail to do so; they will be facing legal consequences in that the vehicle can be taken away by the lender and they don’t even need any prior court orders to perform this action.
Upon signing the contract, the company discusses all the possible ways through which the customer remains at comfort. You payback the amount and that is the reason we offer 12 months to 36 months for the loan repayment. The process is very fast and rapid and the sanctioned amount can be taken from any one the braches of 12 Months loans and even we facilitate you in terms of bank transfer as well.