Welcome to PHRAA Loans

Looking for instant cash quick and effortlessly?

Do you urgently need money for home renovations, a financial crisis, a medical procedure or your children’s education?

Blacklisted and think you don’t stand a chance of getting a loan?


Do you own a car, truck, motorbike or even a caravan? Did you know that your vehicle can help secure you a loan between £500 and £50 000? Well, it can – and the money can be paid into your account by tomorrow!

At PHRAA Loans, we offer a loan that is secured on a car or other vehicle. This is called a logbook loan and with it, we have helped over 10 000 customers throughout the United Kingdom.

How does it work?

Logbook loans are very simple. We offer you a loan amount based on the condition and potential value of your vehicle. Does that mean we take the vehicle from you for the course of the loan? NO! You can still use it on a daily basis.

We are, however, the legal owners during this period while you repay the loan. Why? Well, this offers us some form of protection should you decide to stop paying monthly repayments at any point. Makes sense doesn’t it?

I’m interested… tell me more!

Well to secure a logbook loan, you will need to apply online or visit our staff at one of our offices. There are a number of documents that you will need to bring. These include your payslips for the last three months, your bank statements for the last three months, your vehicle logbook (which is a proof of ownership), proof of residential address and finally proof that the vehicle is insured. You will then need to fill in a couple of our forms as well and finally have your vehicle assessed by our expert. Then you will wait a couple of hours before the loan is approved. Come in the morning and you could have the money in your account by the afternoon!

Must my vehicle be insured?

Your vehicle must have comprehensive insurance for the duration of the loan period. This protects us and our investment. Cover should include full accident insurance as well as cover against weather (rain, hail, storms and snow for example).


Your loan terms will be discussed with you before you sign for the loan. If you cannot make a payment, please come into our office and discuss your problem with us. We can make a plan to help you. In fact, we have a number of ways that we can overcome payment problems. For example, we can forgo payment for a month and add an extra month to the loan term. This will cost you nothing in terms of penalty fees or fines. Note, this option can only be done once per loan term. Just make sure that you discuss any payment problems you might be experiencing. Never opt not to pay without informing us.

If you would like any more information about logbook loans or any of our other products that we offer, either come and chat to our staff at one of our offices or email us and we will get right back to you as soon as possible.