Apply for a Bad Credit Car Loans Turner Valley Alberta to Get Fast Emergency Cash

Are collateral vehicle title loans the best option for fast emergency cash? They certainly are.

You might be in need for some emergency cash, but what if you have a bad credit score that keeps you from getting approved from unsecured bank loans or short term loans? Taking out collateral vehicle title loans can give you access on some fast emergency cash with no credit check verification.

How do collateral loans work?

A collateral loan simply gives you a loan in exchange for a secured collateral asset like a house, a piece of land, or in the case of collateral car title loans, a fully owned car with its corresponding car title. With a vehicle title loan, the lenders inspect and then appraise your car for its true market value. The lender holds on to your car title until your loan is repaid. The lender will need to place a lien on the car title and this is removed when the loan is fully repaid.

Who qualifies for collateral vehicle title loans?

You will be required to own your car outright because your car serves as collateral. The car title must also be lien free. Other requirements will be a valid driver’s license and proof of permanent residence. Once all these are complied with including the appraisal, the loan is approved in just one hour. The borrower gets to loan up to $50,000.

What is the loan payment period?

No credit check title loans have a loan payment term that starts at 2 years and can be flexible up to 5 years. While the loan is being repaid during this term, the borrower continues to drive and use the car.

What is the interest rate?

Interest rates for collateral vehicle title loans are the lowest in the whole lending industry and the lowest when compared to unsecured bank loans and short term loans. Up to 70 percent lower interest rate can be offered against the closest competitor.

 At Instant Loans Canada, we loan you money based on the value of your vehicle, not your credit score. That means that you have fast access to cash whether you have bad credit or no credit at all. Call Instant Loans Canada toll free at 1-866-973-5214 and apply now or apply online. You’ll speak with a member of our dedicated team and see how Instant Loans Canada can help.