2014 Lender Lists:

Short Term Loans | Payday Loans | Instalment Loans | 12 Month Loans
Doorstep Loans | Guarantor Loans | Logbook Loans

Varooma logbook loans have been available since late 2011. The brand owner is Greenlight Credit Ltd with Damon Hirschl being in charge of this operation that is served through www.varooma.com. This logbook lender displays on their payment calculator a range from £500 up to £5000, but they do state that they can lend up to £50,000 elsewhere. They actually can fund up to 70% of the vehicle’s value. The term range is 3 to 24 months, although early settlements can be made. There has been an interesting development with pricing. They did provide a £1000 12 month loan for £668, but they recently increased to become £700.04.

Although their pricing was the cheapest, Easy Logbook Loans have now price matched them at £700.04. The closest outside company to this for price charges £950 that highlights the great value here. At application stage, no encryption was used on www.varooma.com, but they have recently added this. This was a good move on their part (few other firms use SSL). Once the lead is taken they state that they’ll contact you quickly unless 8pm has passed. In which case, they will ring you on the next day. No credit checks are made, CCJs aren’t a problem and many of their customers are self-employed. Approval rates should be high.

Once arranged, they will send a representative out to your home or to a suitable location. These cheap no credit check loans have been received incredibly well across the market. This is highlighted When checking over their Trustpilot page. Here they have been the highest ranked logbook lender for a good while. To support this feedback, they do hold CCTA membership. The Varooma opening hours are not disclosed, but they do mention that 8pm cut-off time and I believe that they do trade on a Saturday. You will obviously have to get the application in early if you are hoping to benefit from a quick same day payout.