Car Loans Leduc Alberta is Your Best Solution for Those Cash Strapped Emergency Situations

Getting a collateral vehicle title loan for any financial problems or emergencies is the best answer for those cash strapped through no fault of their own.

Even when applying for a collateral vehicle title loan, the overall process is simple and safe. Naturally, vehicle information such as make, model, color, vehicle registration, mileage, and car insurance is necessary to determine the loanable amount based on the true market value of the vehicle. Insurance is also important for vehicle title loans because the car will continue to be used and driven by the borrower while the loan is being repaid so it protects both borrower and lender.

Very minimal requirements to prepare

After submitting the online application form, you need to bring in the vehicle and vehicle title for a detailed inspection and loan appraisal as well as to make sure the car title is lien free. You should also show your valid driver’s license and any proof of permanent residence. The vehicle also needs to be inspected and appraised for its true market value. After all this, the loan approval takes only one hour, and the loan amount is released in that same hour. Since the borrower continues using the vehicle, the vehicle title is left with the lender so a lien can be placed on it.

No pitfalls in the interest rates

There are no pitfalls with car title loans since there no credit checks are involved. It doesn’t matter if you have bad credit or no credit at all. This is because the loan is already secured by the collateral. Interest rates are the lowest when compared to other unsecured loans or short term loans. This is because no credit check title loans can offer up to 70 percent lower interest against the closest competition. Loan payment terms are reasonable ranging from 2 years and adjustable to up to 5 years. No early payment penalties will be charged should the loan be paid off early.

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. It’s almost a fast-money guarantee that you can be out the door in an hour with your loan amount. We’ve got the process down pat. Be on the winning side of annoying debt. Just think of Instant Loans Canada as the beginning of a way out.