Your car should be taxed, have insurance and a valid MOT for you to take out the loan. You will also need to be able to prove you can afford the loan by showing that you have a regular income going into your bank account.
During the period that a V5 loan is taken out for, the loan company will keep hold of your V5 document. When the agreement comes to an end the V5 is then sent back to you.
By taking out a V5 loan from Varooma you are guaranteeing that you are getting one of the lowest rate logbook loans. At Varooma we have a price promise where we will beat a written quote from any other log book lender. Just show us what your quote is and we will aim to better it.
- You don’t have to pay early settlement fees if you pay off your loan early.
- There are no hidden charges, all your costs are explained.
- CCJ’s and defaults are accepted
- You will have a credit decision promptly, and will receive your money within hours.
Varooma is rated Excellent on Trustpilot from over 3800 reviews and has won “Best Logbook Loan Provider” for 2 years running at the Consumer Credit Awards.