Guaranteed Lowest Rates In The UK
Amount of credit £1000 repayable by 12 monthly repayments of £137.50 at a fixed annual interest rate of 65%, Representative APR 171.9%. Total cost of credit £650. Total amount repayable £1650.
The rate and fee you are offered will depend on your individual circumstances.
One call, cash same day, cheapest lender in the market. Great!Allyson - 26th August
Was concerned about using these companies, but I have to say the service was excellent and after lots of looking around, these guys were the cheapest.Justin - 24th August
Fast and reliable, great customer service!Jeanine - 22nd August
Many logbook lenders claim on the websites to offer the best price, but you always need to check the small print. Double check the numbers, work it out for yourself and see if the numbers add up.
The APR confusion! When taking out a loan it is always best to look at the fixed interest rate (FIR) rather than the annual percentage rate (APR).
The use of APR was created mainly for mortgage use and can create difficulty in understanding what the true fixed interest rate is. APR's can change significantly depending on the length of the loan so it is not always a good indicator of loan terms.
GREAT TIP: Always look at the total amount repayable! If you've had a quote from any of our compeitors, why not checks ours out over the same terms and compare the difference for yourself, you'll be amazed!
If you go into default many logbook lenders will add high penalty charges and fees. Failure to pay will result in the recovery of your car for immediate sale at auction in order to recover the loan amount.
At Motorkitty recovering your vehicle is a last resort. We will always try to work with you by changing payment dates, re-evaluating loan terms and offering periods of grace. The last thing we ever want to do is recover your vehicle.
Motorkitty is a trading name of Creative Finance Corp Limited and launched in 2016. We are specialist provider in the short term loans and pride ourselves on offering the best service in the industry.
Motorkitty was launched to genuinely give pay day customers an better and cheaper alternative way of raising short term cash, whilst at the same time providing a cheaper, better and alternative logbook loan. To date we have achieved just that!
We pride ourselves on being the cheapest fastest and hassle free logbook loan lender in the UK. We are authorised and regulated by the Financial ConductAuthority and a proud members of the Consumer Credit Trade Association. We work within strict codes of conduct to ensure the best possible customer experience.