Varooma @ www.varooma.com
Varooma is a logbook lender based in London with this being a brand from GreenLight Credit Ltd. They operate from www.varooma.com and look to have launched back in late 2011. Once you reach the Varooma loans site you will that it is very easy to check out the sample costs due to their attached loan calculator. From studying some prices, there does appear to be variable rates based on the term duration. The main example displays a £1000 loan over 12 months that would cost £668 that stands as the UK’s cheapest logbook rate. This sample rate is headed at 178.2% APR. £500 to £5000 is displayed on their calculator, but they do state that £50,000 is a possible sum. The term range stretches from between 3 to 24 months.
You can clear the balance early if you wish to do so. The www.varooma.com site includes no login feature and no SSL is used. They generally provide detailed information surrounding their service, although one area that is lacking would be in regards to their coverage. There is a note though that will come to your home or a suitable nearly location. The vehicle must be less than 10 years old, unless it is a classic or prestige car and you can borrow up to 70% of its value. Varooma logbook loans are following the code set by the CCTA where they hold membership and 0330 440 0101 is their listed contact number that is a free line (including mobile calls). Much praise goes to Varooma who stand as the current cheapest logbook lender.
