Logbook loans are one of the fastest types of loans available in the UK. They allow you to borrow money by securing the loan against your vehicle (V5 Document) regardless of the brand of the vehicle. Several types of vehicles are eligible - cars, vans and even trucks. Your automobile should be clear of finance and you need to be its owner in order to take advantage of a logbook loan. You can still drive your car during the length of the loan - once you repay it, the vehicle is yours once again.