It is easy to get a collateral vehicle title loan by simply using the vehicle’s “pink slip” as collateral.
The Certificate of Vehicle Ownership is the pink slip. This serves as collateral when applying for a collateral vehicle title loan. The lender simply holds on to the vehicle title while the loan is active. The pink slip loan or vehicle title lets the owner keep the car even while repaying the loan.
The pink slip or vehicle title is preferred by many as collateral because:
Loan amounts of up to $50,000
A typical car title loan amount is based on the vehicle’s true market value. Borrowers can loan from $1,000 and up to $50,000. Other factors include:
Lowest interest rates
When it comes to loan interest, collateral vehicle title loans offer up 70 percent lower interest rates when compared to the competition and is considered the lowest in the industry. For easy payments, car title loans offer loan terms from 2 years up to 5 years.
All you need to submit as requirements
After the vehicle and vehicle title are inspected and appraised, all that is needed is a valid driver’s license and any proof of permanent residence.
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.