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Find out more about Mobile Money
About Mobile Money
Mobile Money have been providing logbook loans since 1998, and has 29 branches around England and Wales, making it the easy for you to drop off your logbook and pick up your cash.
Mobile Money's logbook loans are the fastest loan providers in the UK, typically you will have your cash loan in your hands within 30 minutes.
Why Choose Mobile Money?
Mobile Money is the UK's leading logbook loan company for lots of reasons, including:
- Borrow from £20 to £25,000
- No credit check needed
- Employment status is not important
- Fast and simple application - takes five minutes
- immediate decision over the phone
- Get cash in your hands within 30 minutes
- Flexible repayments of your loan over 1 day to 12 months
- You keep your car, they keep your logbook, until you repay your loan
- Fully regulated service
- Member of the Consumer Credit Trade Association
Mobile Money's Logbook Loan Charges
There is a monthly interest rate charge of 10% of your loan, which is an interest rate of 285% APR Typical variable.
So if you borrow £500 and repay within one month, you will be charged £50. So the total you will repay will be £550.
The quicker you repay, the less interest will be charged.
Our logbook loans over the same time period, charge much less interest than payday loans.
FAQ's Frequently Asked Questions
How long does the application take?
It takes about 2 minutes to complete the online aplication. One of our representatives will call you back and answer any questions you may have, and direct you to your nearest branch, where you can drop off yourt logbook and pick up your cash.
You should be able to pick up your cash within about 10 or 20 minutes.
How much can I borrow?
You can borrow anything between £20 and £25,000, up to the value of your car.
What kind of vehicles do you accept?
Practically anything, we accept cars, vans motorbikes and more. Vehicles over 10 years old are not so common though, unless they are of collectors interest.
Do you credit score my application?
No we don't. We do not look at your credit history in determining your loan, as we hold your logbook as security. This means we can approve your loan quicker, without needing any personal details such as your credit history or employment status.
Who can get a logbook loan?
Logbook Loans are available to car owners.
- Your car must be clear of any finance( or nearly clear)
- You must be the legal owner of the car
- You must be over 18 years old
- You must live in England or Wales
- Your employment or credit status is not important to us
What documents do you need to see?
We need to see your logbook, your MOT, insurance certificate, driving licence or passport, 2 utility bills and in some cases a wage slip or bank statement.
What are your opening hours?
We are open from 8:30am to 6pm Monday to Friday and also Saturday Mornings.
When will I receive my loan?
Generally, you will recieve your loan as cash, within about 10 or 20 minutes, when you drop off your logbook.
Where are you based?
We have branches all across England and Wales. Please select your nearest branch from our 1 page application form.
How do I repay my loan?
Repayments can be made by cheque, standing order, direct into any Barclays bank or by debit card. Our usual loan term is around 6 months and early settlements are encouraged with no penalty. The shortest loan period is 1 day.
Can I defer repayment?
Speak to your local branch advisor about this, however it is a good idea to pay back as much as you can as soon as you can to avoid further charges.