It’s free to call, or you can also apply online below…
Get Your Logbook Loan Paid Within 60 Minutes!
We provide same day logbook loans from £500 to £25,000 at 189.9% APR Representative over 18 to 48 months.
Our loans use your car or vehicle as security. Using your car as security means that you can get a better interest rate compared to some other forms of credit.
There are no hidden fees or penalties and we are a direct lender and a broker and you can apply for our logbook loans online 24/7!
Quick and Easy Logbook Loans Application Process
Get your money without leaving the house by following these 3 simple steps:
1: Apply Online or Call Us
Simply enter your details at the top of the page
Call us directly on 0800 987 1500
2: Approve Your Quote
If you are happy with our quote and want to go ahead with your loan our friendly team will help you through the application process…
We do all the paperwork for you!
3: Receive Your Money
Once your loan application is completed we will transfer the funds straight into your bank account using “Express Electronic Bank Transfer”.
Your cash could be with you in less than 60 minutes!
Will I Qualify For a Loan?
To secure a loan from Mobile Money you must:
– Live in England or Wales
– Own your car and be named on the logbook (a.k.a. the “V5 Document”)
– Be 18 years old or over
Will My Car Be Suitable For a Loan?
To be used as security your car must:
– Be free (or almost free) of finance
– Have enough value to cover the amount you wish to borrow
– Be taxed, MOT’d and insured
How Much Can You Borrow?
We provide loans secured against cars from £500 to £25,000 over 18 to 48 months.
The amount of money you can borrow depends on the value of your car / vehicle and how much you can comfortably afford to repay – the higher the value of your car, the more cash you can potentially borrow but you must be able to afford the cost of the loan repayments in order to have your application approved.
If you cannot get approval to borrow your initial loan amount we may be able to give you a smaller loan with more affordable repayments or we may even be able to find you an alternative lender that does not require security, however our first aim is always to provide affordable loans secured against the logbook of your car or van.
What Are Logbook Loans?
A Logbook loan is a convenient way of borrowing money that uses your car or vehicle as security.
Using cars as security against loans allows customers to get better interest rates compared to some other forms of credit. Loans secured against cars / vehicles use a document called a “Bill of Sale”. A Bill of Sale allows you to keep possession of your car while you repay the loan – we simply keep hold of the car’s logbook (the logbook is also known as the V5 document).
The amount that you will be able to borrow will depend on how much you can comfortably afford to repay each month. The value of the vehicle being used as security also affects the amount that we can lend you as it must have a high enough trade value to cover the amount of credit you are borrowing.
Who are Mobile Money?
We are the longest established logbook loan lender in the UK with over 19 years’ experience.
Mobile Money are authorised and regulated by the Financial Conduct Authority (FCA) and we always make certain that all the loans we provide are suitable and affordable for our customers. As members of the Consumer Credit Trade Association we operate by a strict code of practice and we only lend responsibly.
Our aim is to make sure we provide credit that is affordable and that will be within your budget, even if you may have experienced some bad credit issues in the past. Having over 19 years’ experience means that we know how to help you best when you need us the most.
V5 Loans: Secure A Loan Against Your Car Today
Most people are familiar with the idea of secured loans where the value of a property is used as security (or “collateral”) against the amount of money being borrowed.
A logbook loan (also known as a V5 Loan as the loan is secured against the V5 registration document of your car) works in exactly the same way except that the amount of money you borrow is secured against the trade value of your car or van (in some cases we can provide loans for motorbikes as long as they are over 125cc).
To use your vehicle as security:
You must be named as the registered keeper on your car, van or motorbike’s V5 registration document and be the legal owner of the vehicle.
The trade value of your car must be higher than the amount you want to borrow and must cover the total value of any loans secured against it. This means that, in general, your vehicle should be less than 10 years old however we can sometimes provide logbook loans for older cars.
Repaying your Logbook loan:
The majority of our customers make repayments using debit cards but other options include paying cash into any branch of NatWest or setting up a “CPA” (“Continuous Payment Authority”). Important: We cannot accept loan repayments by credit card, cheque or direct debit.
Can I repay my loan early?
Yes – You can repay your loan at any time and we only charge 2 month’s interest to settle early.
Are top-ups available on these loans?
As long as you have had your loan for 6 months or more and you are no more than one month in arrears then you can apply for additional funds. Simply visit our Top Ups page or call us on 0800 987 1500.
What If I am struggling to make a repayment?
Most importantly: talk to us! If you are struggling, give your account manager a call and they can discuss the situation to see what we can do to help. You must not worry, we are here to help and if you are talking to us we will do our very best to help you out.
Will the interest rate of my loan ever increase or will it remain the same?
The interest rate of your logbook loan will be fixed for the entire term – we will not change it at any point allowing you to budget with confidence.
What are the repayment options?
You can repay your loan over 18 to 48 months. You can also make additional payments to your account in order to pay less interest. There is no charge for making additional or higher repayments.
What is a “Bill of Sale”?
If you use your car as security you will be required to sign a document known as a “Bill of Sale”. The “Bill of Sale” document is what gives a lender security over your vehicle and means that they are technically the vehicle’s legal owner until you have repaid your loan.
As a result of this we do not need a court order to repossess your vehicle if you do not keep up your repayments.
Topping Up Your Logbook Loan
Even though we ensure that all of our loans are affordable and within our customers’ budgets, sometimes emergencies happen and you may need to borrow more money against your car in the future…
We would not encourage people to borrow money if they don’t need to, but we recognise that sometimes our customers may need our help. As long as the new repayments are affordable, we will try to provide additional money should you ever need it. To borrow more money in the future you must meet the following criteria:
– you must have had your log book loan for 6 months or more.
– you cannot be more than one repayment behind.
As long as we have your permission to contact you, we can keep you up to date with your account and let you know when you are eligible to apply for extra money should the need arise. You can update your marketing preferences here.
Financial emergencies do happen…so we are here to help you if you ever need us.
We are always here to help you. When you take out a loan with us, you will get a dedicated account manager that can answer any questions or queries that you may have in the future.
If you do not want to use our online service, your account manager can keep you up to date with queries like the balance of your account and how long you have left to repay.
We always aim to ensure that our loans are affordable and suitable for your budget, however if you ever experience any issues with your repayments you can give as a call and talk to your account manager in person and they will do their very best to to try and help come up with a suitable solution.
Contacting us is easy…
You can contact us by telephone, email.
We take data protection very seriously indeed so, just like a bank, we will only discuss the details of your account with YOU and only after we have verified your identity.
If you have any questions about your loan but cannot speak in person, you can visit our Frequently Asked Questions page that may contain the answer you are looking for, or you can speak directly to one of our friendly, experienced team from your screen.
Our email address can be found on our Contact page along with our postal address should you ever need to write to us or post any documents.
We know how to treat our customers well – as a result, many people choose to use our services again if they ever need to borrow money in the future.