At FOE Loans, we receive many email questions regarding how logbook loans work. So to help answer a range of these questions, we have compiled a comprehensive logbook loan FAQ.

This covers everything you need to know about logbook loans, giving you all the information so that you can make an informed decision whether this is the loan product you are looking for.

Who can secure a logbook loan?

If you live in the UK as a permanent resident, are over the age of 18 and have a vehicle which is legally in your name, you are eligible for a logbook loan.

How does my vehicle play a part?

Well, your vehicle serves as the security we need should you not pay off your loan. We keep the vehicle logbook, which effectively means we own the car for the duration of the loan. You may still use it daily, however.

How much can I loan?

Well, that all depends on the state of your vehicle as well as its mileage. Newer vehicles that are in great condition and with lower mileage will secure higher loans compared to older models, but that makes complete sense, right? We also consider how much you can pay back each month based on your income.

So my brand new car can secure thousands of pounds?

Chances are your brand new car has been bought under a credit agreement. NOTE, all vehicles still under credit agreement cannot be used to secure a logbook loan. Your vehicle must be FULLY PAID OFF!


Yes, it is imperative that your vehicle has full and comprehensive insurance. This covers us should it be damaged in any way, either due to extreme weather, or even an accident.

What other documents do I need?

We will require a range of documents from you to help secure your loan. Of course, we need your vehicle logbook. We will also need a roadworthy certificate, all your proof of insurance documents, proof of residence, your identification (either a passport, identity document or driver's licence) and lastly we need payslips and statements from your bank for the last three months. Don’t worry, we will never contact your employer at any point.

Why should I use FOE Loans for my logbook loan?

Our staff are experts in their particular loan field. We will guide you every step of the way through the loan process, giving you the best deal that we can, with affordable repayment options.

What if I have a bad credit rating?

We do not take your credit rating into the equation when deciding if we will give you a loan. You just need to be the legal owner of the vehicle which acts as security.

How do I complete the tax on my car if you have the logbook during the length of the loan?

The DVLA will always send a reminder whenever the tax on your vehicle is set to expire. You can either use this to pay the tax or pay online using the reference number from your logbook. If you do not have the reference number, feel free to contact us and we will provide it to you.