Finding an easy way of taking loans for badcredit, but don’t have a house set as collateral?. No need to worry. If you
have a car then we can help you in providing money. Yes, you can get a loan against your car. The
new loan scheme logbook loans allow you to take a loan against the
vehicle. For taking the loan you have to give your vehicle logbook to the
lender and even if you have submitted the logbook to him, you have the full
freedom to travel in your vehicle.
To get the loan you need to complete this eligibility criteria:
- The logbook you have, should be registered in your name.
- You must be an adult and a salaried employee.
- The vehicle will be used against the loan that shouldn’t be more than 8 years old.
- There shouldn’t be any pending payment on the vehicle.
The loan amount is offered that depends on the borrower repaying capacity and vehicle value but you can take it according to your need.
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