Bad Credit Car Loans Leduc County Alberta in the Form of Collateral Vehicle Title Loans

Rather than going to a car pawnbroker, take out a collateral vehicle title loan because the benefits are far better.

What if you desperately need fast cash for an emergency medical bill or a sudden financial payment? You could pawn your car to get quick cash, but you only get a small amount from the value of your car and not to mention that the interest rate will be higher than the Rockies. If you fully own your car and its car title is lien free, you only need to apply for a collateral car title loan.

Here’s how these loans work

All you need is to bring in your fully owned car for a detailed inspection and appraisal. The loan amount is determined by the car’s true market value. Between $1,000 and $50,000 can be borrowed. The car title must be lien free because this is what is left with the lender. A lien is placed on it until the loan is fully repaid.

The lowest interest in the land

Collateral vehicle title loans have the lowest interest rate in the whole lending industry. Up to 70 percent lower interest rate can be offered against the closest competitor out there. Loan payment terms are the most flexible starting at 2 years and can be adjusted up to 5 years.

First fill out the online application form

Applying for collateral car title loans are as automatic and easy as reaching for the phone and calling the lender himself. These title loans are always based on the collateral and the car’s value only. That’s a major plus for borrowers with bad credit or no credit because no credit checks will be carried out.

Minimal documents are required

In just one hour the loan is approved regardless of your credit rating so long as your collateral qualifies. What’s more, you get to drive your vehicle during the duration of the payment term of no credit check title loans.

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.