If you're one of those people who are suffering due to bad credit history and is unable to get loans in the short run, then Gissaloan is the right choice for you. Along with providing some of the best deals in the UK, Gissaloan is widely acknowledged due to its experience in the business for more than 40 years. It is also a widely known member of Consumer Trade Association and HPI.
Currently, there are two kinds of logbook loans that are being offered by the company. The first one is known as the standard deal which allows a loan ranging from £500 to £25,000, with the repayment period varying between 3 months and 2 years. The second kind of logbook loan is known as the gold deal. Although, both the standard and gold deal has the same loan range as well as the repayment period, they both are different from each other in terms of interest rates being offered. Standard deal has the representative APR of 253.24% whereas the gold deal has a cheaper interest rate with the representative APR of about 132.26%. However, both of these deals provide the following advantages:
- You can receive the cash in few hours once your application is approved
- Loan amounts vary from £500 to £25,000
- An option of repaying on weekly basis or monthly basis depending on your circumstances
- Rates that are comparatively cheaper than the usual short term loan providers
- The rates are fixed throughout the loan duration
Therefore, it can be said that Gissaloan is a well known logbook loan provider that will give you loans on the basis of your present economical situation, instead of looking at your bad credit history.