Logbook Loans


Select your loan options

How much? £

Number of repayments

repayments of

When is your next payday?

Repayment summary

Please ensure you can afford each of the repayments before applying.

Amount borrowed:
Length of borrowing:
First repayment date:
Instalment amount:
Total repayable:

Repayment summary

Please ensure you can afford each of the repayments before applying.

Amount borrowed:
Length of borrowing:
Date of repayment:
Interest per day:
Total repayable:

Please note: Calculation is for illustrative purposes only. The actual cost and repayment summary may vary based on affordability and pay dates.

Please note: Calculation is for illustrative purposes only. The actual cost and repayment summary may vary based on affordability and pay dates.

Representative Example:  £300 borrowed for 6 months. Annual interest rate of 179% (fixed). Total amount repayable is £461.70 in 6 monthly instalments of £76.95. Representative 444% APR.

Apply for a short term loan in 3 steps

Apply for your loan

Select how much you want to borrow and how long for. You could borrow from £100 to £2,000; repayable over 3 – 12 monthly instalments. Please note that borrowing for longer can be more expensive.

Get a decision

Based on the details provided in your application form, we’ll make a lending decision. All applications are subject to credit and affordability checks.

Money deposited

If your short term loan application has been approved it will be finalised and deposited to your bank account, subject to our final checks**

Ways to apply for your short term loan

Online

Fill out a short term loan application form and receive an instant decision on your request.

Apply now

In-store

You can also apply for a loan in-store – with over 230 stores nationwide, there’s bound to be one near you.

Find a store

By phone

Alternatively call our customer service team on 0800 009 3565* to apply for a loan.

Contact us

What are logbook loans?

In order to borrow money, logbook loans require the borrower to hand over their vehicle’s logbook or V5C vehicle registration certificate. If you fail to make repayments on your loan, you will hand over the ownership of your vehicle to the lender.

You can borrow the amount of what your vehicle is worth; and logbook loans usually run for several months. Provided you meet your logbook loan repayments, you can continue to use your vehicle(s) – this will be stated in your repayment plan.

At The Money Shop we don’t offer logbook loans, but we do offer an alternative: unsecured short term loans.

What are the features of logbook loans?

Logbook loans are essentially a form of short term loans, except if you miss repayments, the lender can take possession of your vehicle. Interest rates can be lower than unsecured short term loans as there is collateral involved.

This is similar to a pawnbroking loan, where you unlock the cash in your assets by offering your possessions as security to borrow against. Once you’ve repaid your loan, your item is returned; but you risk losing your item if you fail to repay by your due date. The main difference between pawnbroking loans and logbook loans are that you can continue to use your vehicle whilst repaying your logbook loan.

If you’re considering applying for logbook loans, it’s worthwhile also researching pawnbroking loans, and  unsecured short term loans too. Interest rates may be higher for unsecured loans, as you won’t be using any assets to secure your loan. You may decide that these particular  are ideal for you. However, there are risks to these products as well, so think carefully before deciding which product best suits your personal circumstances.

Does The Money Shop offer logbook loans?

At The Money Shop, we don’t offer logbook loans, but we do offer short term loans; where you don’t have to hand over temporary legal ownership of your vehicle to us.

Choose to borrow between £100 - £2,000** online or in-store, subject to our credit and affordability checks. This is repayable over monthly instalments aligned to your payday of 3 – 12 months. Please note that borrowing for longer can be more expensive.

To apply for a short term loan with us, you’ll need to bring your photo ID, proof of income, proof of address and debit card. Find out the ID we accept here.

Apply online

Why choose a loan with The Money Shop instead of a logbook loan?

We’re here whenever you need to borrow money – whether it’s online, over the phone or on the high street.

We don’t charge any fees on our short term loans – that’s no arrangement, late repayment or early repayment fees. All you pay is your agreed interest; and if you decide to pay back early, you can reduce the amount of interest you pay, as it’s worked out on a daily basis.

Apply online

Important information about our short term loans

Your loan repayment(s) will be taken automatically on the contractual date(s) using your debit card. If your card details have changed please contact us urgently on 0800 009 3565* to update these.

There are no late repayment fees if you miss a payment for your loan, and we will not charge any additional interest. However late repayment may result in us reporting this to the credit reference agencies, which may have a negative effect on your credit score.

If you are an existing customer and would like to apply for a short term loan, please do this through your online account. Alternatively, you can visit us in store or contact us on 0800 009 3565* to apply by phone**.

We understand that your personal and financial circumstances can change. If this occurs, or if you are having trouble repaying your online loan, let us know as soon as possible by contacting us on 0800 009 3565*, and we will do our best to help.

Free debt advice

If you are experiencing financial difficulty, please click here to find information on non-fee charging agencies that provide independent advice.

Short term online loans should not be used as a long term financial solution

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