Apply for Car Loans West Kelowna British Columbia to Get a Much Better Deal than Car Pawns

Collateral car loans are simply secured loans that use a fully owned car and the car title as collateral. The lender holds on to the car title while the loan is being paid. The borrower is still allowed to continue using the car. On the other hand, with car pawning, you are required to bring your car to the pawnbroker and leave it there for storage for the entire time you are paying back your loan.

Employment and credit will never be checked

Collateral vehicle title loans never takes into account your credit report or even your employment status. Credit ratings will never matter because the loan is secured by the collateral. Also, employment is of no concern to the lender.

The advantages of collateral vehicle title loans

Your car is used as collateral for the loan and the lender becomes the lien holder on your car title while you are paying back the loan. The car is inspected and appraised for its true market value. Up to $50,000 can be loaned based on this.

The lowest interest

Car pawning has one of the highest interest rates that can go up to 125%. No credit check title loans have the lowest interest rates when compared to unsecured loans or car pawning. In the lending industry, it is the lowest. Payments can be as low as $97 per month. Repayment terms are long and flexible up to 5 years.

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.