For help or advice please go to www.moneyadviceservice.org.uk
Please take time to read and understand our FAQ's to ensure our logbook loan product is suitable for your requirements.
Varooma's logbook loan contracts start from 12 months to a maximum term of 36 months. You are entitled to settle your loan early and there are no penalties or charges to do so.
The maximum APR is 190.3% which includes all fees associated with your loan contract.
In the event there is no willingness to repay your loan, the vehicle you are using as security could be at risk of being repossessed and sold to assist in settling the debt.
Logbook loans are rapidly becoming one of the favourite forms of finance in the rapidly growing city of Sheffield. You can apply online and receive a decision within minutes of making your application. You are even able to receive the money into your bank account on the same day.
All you need is to have a car that is clear of finance and be able to afford to pay the loan back each month. At Varooma we will generally lend you up to 70% of the trade value of your car, speak to us first and see what we can do for you.
You can borrow from £500 upwards, depending on the value of your car and the amount you can afford to pay back. You will be able to spread the loan out over 2 years or less, depending on what works best for you. Our customers in Sheffield choose different options depending on what is right for them. We can discuss all your options with you when you make your application.
For you to make your application you will need to have a car that is free from finance, a regular monthly income that can be proved, and identity documents. Logbook loans in Sheffield are available from Varooma for people who are self-employed too, so as long as you have a regular monthly income you may be able to take out a logbook loan.
If we approve your loan, a Varooma representative will visit your home or location of your choice so you can sign your documents and they can check your vehicle. Normally our representative will be able to visit you very quickly and can be flexible about where to meet to arrange your logbook loan in Sheffield.
The city of Sheffield is experiencing growth, gone are the years of economic decline because of the city's past that has always been associated with heavy industry. Sheffield has managed to make a change and grow in areas that it has not traditionally been associated with.
The University of Sheffield has become one of the catalysts of this growth by helping students in the area gain an education and move into employment in the growth sectors of the city. As the whole of the UK is trying to improve it’s manufacturing base, Sheffield is helping this trend because 11% of people employed in the city work in the manufacturing sector.
The resurgence of manufacturing has been important to Sheffield because as most people know, historically Sheffield was a manufacturing centre of the UK. After this did decline, in recent years it has managed to turn this around with new manufacturing companies taking a stronghold in the area by developing emerging technologies.
With more power being devolved to the UK's regions, Manchester will be able to have much greater control over how it spends the money it generates, and make legislation based on what is good for the city, meaning it can tailor make policies to help drive growth.
Part of the city is in the Peak District, one of the UK’s national parks. It is the only city in the UK that is within a national park, which helps contribute to Sheffield being one the greenest cities in Europe.
There is a large amount of countryside within easy reach of most of the residents in Sheffield, which compares very favourably with most other cities in the UK.
Not only does Sheffield fare well in terms of green space but it also has a metropolitan feel due to the large number of students that inhabit the city.
Sheffield has a plethora of theatres and entertainment venues, from the Crucible Theatre to the Lyceum, the city is well served. The Graves Art Gallery or the Millennium Gallery give residents or visitors the chance to see world class art in Sheffield.
We assess all applications carefully and only offer loans to people we believe can afford to pay them back and never guarantee approval.
Amount of Loan £1000.00. Repayable by 12 monthly repayments of £141.67 or 52 weekly repayments of £32.69
commencing 1 month from the date of the loan.
Total Amount Repayable £1700.04. Rate of Interest 70% per annum flat fixed. Representative 190.3% APR.