1) What are the type of cars do you accept?

We consider all types and brands of cars provided that it's less than 10 years in age and is free of any financing.

2) What documents do you require?

We will need you to submit the following documents as part of the logbook loan application process:

  • V5 document
  • MOT certificate
  • Insurance details
  • Proof of identification
  • Proof of income
  • Billing address
  • Bank details

3) Do you require full employment?

We do not require full employment. Even if you're just working part time or is self-employed, you can apply at Golden Loans provided that you have proof of steady income.

4) How much can I borrow?

We offer loans anywhere from £500 to £50,000. The maximum amount you can borrow will depend mainly on two factors. One is the type of car you own and the other is your financial capabilities. In general, you can borrow up to 70% of your car's official trade value.

5) When can I receive the money?

- Once approved for a logbook loan, you can expect to receive the money on your bank account within minutes.

6) How do I pay for the loan?

Loan payments are done via direct debit deduction. Make sure you have sufficient balance on your debit card for the monthly repayments. Otherwise, we may need to send out a debt collector to collect the payment in our behalf.

7) Is it possible to settle the loan early?

Yes, it's possible to settle the loan early if you wish too. Just remember that early repayment fees may apply. If you wish to go this route, make sure to speak with use beforehand so we can lay out the terms clearly.

8) What happens if I can't repay the loan?

In the event that you are unable to pay your monthly dues for a few months, one of our representations will attempt to contact you to set new payment arrangements. If we get no response after several attempts, only then will we repossess your car to cover for your outstanding balance.