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(Subject to eligibility and affordability)

Can I pay back early, or make extra repayments?

Yes, you can, and it is in your best interest to do so. The sooner you repay your loan, and the less you owe, then the less interest will be charged. We apply no penalties for paying up early.

Do I keep my vehicle?

As long as you continue to make your loan repayments, then the vehicle stays with you. We will require you to keep it maintained, and also have a valid M.O.T. and insurance cover at all times.

How do I make the payments?

We will take bank details, or credit/debit card details to collect repayments. We will advise you of the date that we will take payments. Alternatively, you can always come in to one of our branches and make a payment.

How much can I borrow?

We can provide short-term logbook loans from £250 to £50,000. We will need to see that you can afford to make repayments on any loan you want, before we agree to the figure you are requesting.

I am self-employed, can I get a loan?

Yes, but we will need to see additional proof of income, such as bank statements or client invoices.

What happens if an emergency arises and it is extremely difficult for me to make my repayments on time?

We know that sometimes, things go wrong. We are here to help you. As long as you contact us to let us know that a problem has arisen, we can try to make things easier for you. Remember that your logbook loan is secured against your vehicle, it may be repossessed if you fail to meet your repayment obligations.

What information do you need me?

We will need to see your car’s V5 document, a current, valid M.O.T. certificate, and your insurance policy. We will also need to inspect your vehicle. Once done, the vehicle will remain with your throughout the term of your logbook loan. We will also need to see proof of your identity, proof of your address (x2), and also proof of your income, showing you can afford to repay your loan.

What is the interest rate of the logbook loan?

The representative APR is 450.5%.

What kinds of vehicles are accepted?

We will consider all vehicles for logbook loans. Cars, vans and even motorcycles are acceptable collateral.
12MonthPayday.co.uk is a registered Trading Name of PJG Financial Limited which is an Introducer Appointed Representative of Quint Group Limited and is entered on the Financial Services Register under reference number: 756626. 12monthpayday.co.uk receives a commission from lenders for our services. Quint Group Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 669450. PJG Financial Limited is registered in Scotland (Company number SC535782), Registered Office; 272 Bath Street Glasgow G24JR. Licenced by the Information Commissioners Office, (registration number ZA185395)

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