When people apply for collateral bad credit loans, the first thing that will amaze you will be the very low interest rates, in fact, the lowest in the lending industry and the lowest when compared to unsecured loans. This is because the loan is already secured by the collateral that is the fully owned car and the lien free car title.
Other benefits of collateral vehicle title loans
Aside from the very low interest rates, collateral vehicle title loans carry loan payment terms that are the longest at 5 years. Requirement preparation is simply presenting the car for inspection and appraisal, the car title, the borrower’s valid driver’s license, and proof of permanent residence. Once the loan is approved, you can continue driving your car while paying off the loan during the term.
No credit checks and no hidden fees
One great benefit of no credit check title loans is that no credit checks are necessary, regardless of whatever credit rating condition the borrower has. Again, this is because the loan is secured by the collateral. The loan is approved in just one hour. Also, the loan amount is always based on the vehicle’s true market value. The borrower can loan up to $50,000. Low interest means that monthly payments can be as low as $97 per month.
People in need of fast emergency cash can always turn to Instant Loans Canada. We can get a car title loan fast and today for anyone in need of alleviating any financial headaches. All they need is to get in touch with Instant Loans Canada by calling the toll free number at 1-866-973-5214 and get approved in an hour. Get started today at the nearest Canada-wide network of convenient locations.