4682 reviews

Representative 442.66% APR

Will lend between: £500 - £5,000

Over: 3 - 36 Months

Representative example: If you borrow £1300 over 18 months at a Representative rate of 442.68% APR and an annual interest rate of 120% per annum you would pay 77 weekly installments of £46.67 followed by one final payment of £46.41. The total charge for credit will be £2,340 and the total amount payable will be £3640.

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Varooma customer reviews.

4682 reviews

4.7 out of 5 stars

Our review of Varooma

Varooma launched in 2012 and since that time have provided loans to many customers across England and Wales. They state that they want to the process to be as hassle-free as possible and there are no hidden fees or charges – even for early settlement of the loan. Their process does differ slightly from other logbook lenders in the market – Varooma go through the full application over the phone, rather than just online. Some customers may like this personal one-to-one contact, whereas others might find it slightly inconvenient.

One key benefit of Varooma is that they do keep their customer’s interests in mind and offer a flexible repayment plan offering weekly or monthly repayments. During the loan term they can also top-up your loan if you have proven yourself to be a trusted customer and met your repayments on time. As with any logbook loan you do need to be sure that you can make the regular repayments, otherwise you could be at risk of damaging your credit history and having your vehicle seized.

Varooma are keen to display their online reviews on their website, which is no surprise as they have received a rating of ‘excellent’ on TrustPilot. At the time of writing almost 80% of the 1690 reviews are 5 star and customers have been delighted with the efficiency and politeness of the staff. The majority of the positive reviews praise the Varooma team and highlight that they put the applicant at ease and answer all their questions. Customers were also happy with the speed of the service and how quick Varooma were to pay out.

Overall verdict: Even though they are relatively new to the market, Varooma appear to have wonderfully trained staff and an efficient process. If you have poor credit but don’t mind speaking to someone over the phone to complete the application then they are worth considering – just make sure you can afford the repayments before you apply.

Andrew Freelander
Written by
Andrew Freelander
Brand & Content Manager at Choose Wisely

Andrew joined Choose Wisely 5 years ago, originally working in a design capacity to make sure the website was simple to use. Most notably he worked with the Consumer Finance Association to design the comparison table of choice for High-Cost Short Term Finance products.


  • You can apply if you have CCJs or defaults
  • Choose from monthly or weekly repayments
  • No fee for settling the loan early
  • Approval can happen the same day

Minimum criteria

  • You must be aged over 18
  • You need to have a UK bank account
  • Your vehicle must be clear, or almost clear, of finance
  • Your vehicle must be up to date with tax and MOT
  • The V5 must be in the applicant’s name


  • Maximum APR 442.66%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £0

About Varooma

Varooma are a logbook lender that can offer secured loans between £500 and £5000, with an advertised representative APR of 190.3%. The loan terms can range between 12 and 36 months and repayments can be made either weekly or monthly. Varooma accept customers who have poor credit history and who may have had CCJs and defaults in the past. There are no fees for applying and if you wish to settle the loan early there is no extra charge.

The application is completed online via a short online form, and then one of Varooma’s underwriters call to go through the application fully. During this call they can answer any questions you may have, will talk you through the quote and discuss whether the weekly or monthly repayments would be more suitable for your circumstances. Following this call a Varooma representative will need to visit your home to complete the paperwork and view the car that you are securing the loan against, along with various documents and photographic identification. The representative will then issue the loan using Faster Payments.

You will need to provide documentation to prove the worthiness of your vehicle to Varooma. The applicant will need to be the legal owner of the car and have their name on the V5, the MOT and tax must be up to date and have certificates as proof and your vehicle must not be under a finance agreement, or only have a few payments left.

Company information

Registration number: 07551524

0330 440 0101

Airport House, Suite 43-45, Purley Way, Croydon, Surrey

FCA registration

Reference No: 679701

Trading names: Greenlight Credit Ltd, Varooma

Place of business: Airport House, Suite 43-45, Purley Way, Croydon, Surrey, CR0 0XZ

Data protection registration

Registration No: Z2866421

Data controller: Greenlight Credit Ltd

Address: Airport House, Suite 43-45, Purley Way, Croydon, Surrey, CR0 0XZ

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