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With No Guarantor Loans from Varooma you don't need to ask anyone else to sign your loan. You just use your car.

You simply use the value of your car to borrow money and can be paid within 1 hour.

What time would you like to be called back?

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No earlysettlement fees; pay early pay less


No hidden charges; all costs clearly explained


Prompt credit decision; money within hours

We PROMISE that we will aim to beat any written quote from any other logbook lender

Warning: Late repayments can cause you serious money problems.

For help or advice please go to

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.


What Are No Guarantor Loans?

No guarantor loans are a type of loan in which another person is not required to sign the loan and give a guarantee that they will repay the loan should the person borrowing the money not be able to pay the loan back.

In many cases someone with a poor credit rating will believe that the only way to be accepted for a loan is to ask someone else with a better credit rating to act as a loan guarantor in order to provide security for the loan.

This isn’t always the case because there are other bad credit loans available that may be able to offer lower interest rates and accept credit ratings that are poorer, whilst not needing a guarantor.

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Logbook Loans are an alternative to Guarantor Loans

With a logbook loan there is no need to ask anyone else to act as a guarantor for your loan. It can be uncomfortable asking someone else to personally guarantee your loan because they need to have full trust that you will pay your loan back as agreed.

Often you just don’t want anyone else to know that you are looking to borrow money. Most of us like to keep our financial details confidential and we would rather not share with other people that we need to borrow money.


No need for a Loan Guarantor with Varooma

When you borrow money using a logbook loan from Varooma there is no need to let anyone else know that you are taking out a loan. You just need to use your car as security for the loan. You can borrow up to 70% of the trade value of the car and pay it back over a time frame that works for you.

You continue to drive your car as normal and make weekly or monthly payments over a term that suits you. Find out more here about how logbook loans work.


Logbook Loan criteria

The main criteria are that you own the vehicle you are using to borrow money, it is less than 10 years old (unless it is a classic or prestige car), that the vehicle logbook (V5) is in your name and that you can afford the weekly or monthly payments on the loan.

At Varooma we will assess you quickly and give you an instant decision on whether you will be accepted for the loan. You will then be paid the money into your bank account within hours.

We are a no guarantor loans direct lender which means that you only deal with us and we are the company lending you the money. We don't pass your loan or your personal details on to anyone else.

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Responsible Lending

We assess all applications carefully and only offer loans to people we believe can afford to pay them back and never guarantee approval.

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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.

Warning: Late repayments can cause you serious money problems. For help or advice please go to