Welcome to VeryMerryLoans.com, we can help you borrow £100 - £2,000 from 3 - 12 months.

Loans for 3 - 12 months.

Short, simple and fast application process.

Decisions in minutes.

How much you need today?

When can you repay this loan?

1 Months

Borrowing: £1000

Representitive APR: 277.6%

Repayment By: 5.1.2016

Interest: £58.68


Total Repayment: £1058.68

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Minimum Loan Length is 3 months. Maximum Loan Length is 12 months. Borrow £850 Over 11 Months. Monthly Repayment £146.30. Total Amount Repayable Of £1,609.25. Interest: £759.25. Interest Rate: 150% Pa (Fixed). 277.6% APR Representative. We are a free licensed credit broker, not a lender.

Logbook Loans


Logbook loans can help to provide an accessible lending stream for those with a poor credit history, limited earnings, or simple for borrowers who would rather use their vehicle as security instead of other personal assets.

Take a look at our extensive FAQs below to understand more about this increasingly popular type of loan.

What Is A Logbook Loan?

A logbook loan is form of credit which is secured against roadworthy vehicles. The logbook, which proves vehicle ownership, is transferred over to your chosen lender as security in case you're unable to meet your repayments, and transferred back to you once the loan has been fully repaid.

Is A Logbook The Same As A V5 Registration Document?

Yes. The logbook, also known as a V5 document, is issued by the DVLA to car owners in order to prove legal ownership of a vehicle.

What If I Can't Find My Logbook?

If you're current logbook has been lost, damaged or stolen then contact the DVLA immediately to request a replacement. It can take up to 4 weeks to arrive and costs in the region of £25. Even if you aren't applying for a logbook loan, it's well worth ensuring that you have a logbook for your vehicle should you need to tax or sell it further down the line.

Do I Get To Keep My Vehicle Whilst I'm Repaying The Loan?

Yes. You'll retain complete, unrestricted access to your vehicle whilst the loan is being repaid, however you won't be able to sell your vehicle or take out additional finance on it during this period.

What Vehicles Can Be Used As Security For A Logbook Loan?

Cars, vans, motorcycles and almost any other roadworthy vehicle can be used to secure a logbook loan from our lenders. If you're in any doubt as to whether your vehicle is eligible, discuss this with your lender prior to completing your application.

Can I Get Logbook Loans For A SORN Vehicle?

Yes. As long as the vehicle in question is roadworthy it can be used as security.

How Much Can I Borrow With A Logbook Loan?

This will largely depend on the value of your vehicle, however upper and lower limits vary depending on the lender you choose. Each lender will set out the percentage of the vehicle's value that they are happy to offer as credit and will make you aware of all repayments and costs upfront.

How Long Does A Logbook Loan Last?

These types of loan will usually run for a maximum of 78 weeks, however you can choose to pay them off earlier if you can afford to by making lump sum contributions or simply increasing your weekly or monthly repayment amounts.

Can I Get A Logbook Loan If I'm Unemployed?

Yes, however you'll need to ensure that you meet the eligibility and qualification criteria as set out by each provider. The decision to accept you for this type of loan will focus almost entirely on the vehicle being used as security and your ability to meet agreed repayments.

Is My Credit Score Taken Into Account With A Logbook Loan?

No. One of the biggest reasons that logbook loans have become so popular is due to the fact that those with a poor credit history can still access funds when they need it most. By using a vehicle as security, this reduces the risk to the lender and greatly improves your chances of acceptance.

I Have Been Refused A Loan Elsewhere. Will This Affect My Chances Of Getting A Logbook Loan?

No. In fact, logbook loans are ideal for those who have been refused more traditional loan types due to bad credit since this factor isn't used as the be all and end all during the underwriting process.

Can I Take Out More Than One Logbook Loan On A Vehicle?

No. Since you'll need to hand over your vehicle registration document to your lender once the first logbook loan has been set up, you won't be able to apply for a second logbook loan on the same vehicle until the loan has been repaid and the logbook returned to you.

You may be able to apply for additional logbook loans on other vehicles that you own, however you'll need to prove that you can meet the total repayments due.

What If I Am Struggling To Make Repayments?

As with any credit agreement, the first step is to get in touch with your lender to explain your situation. They may be able to assist you by placing a temporary freeze on interest or reducing your repayments for a limited period, however maintaining clear communication channels with them is the most important step you can take.

How Do I Apply For A Logbook Loan?

Once you've completed your initial loan enquiry form at Very Merry Loans, you'll be able to apply online directly with your chosen lender in a matter of minutes. You'll receive an online decision and will need to either digitally or physically transfer ownership of your logbook to your lender as well as signing a standard credit agreement.

How Quickly Are Funds Transferred To Me?

Once approved, money can often be transferred directly into your bank account the same working day, however we always recommend allowing for a few business days during particularly busy periods. Funds can be issued by bank transfer or by cheque, depending on lender availability and your own personal preference.

How Long Does The Application Process Take?

The vast majority of logbook loan applications can be completed online in just a few minutes, however some providers may still wish to speak to you by telephone or in person.

Are Logbook Loans Available In Scotland?

No. At this time, logbook loans are only available in England, Wales and Northern Ireland.

Very Merry Example

Loan Amount: £500
Loan Term: 3 months
Interest: £202.40
Total Repayable: £702.40 Apply

Representative APR: 305.9%. (variable)
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.