Car Title Loans Beiseker Alberta

You can always get a collateral vehicle title loan no matter how bad or how invisible your credit is.

A collateral loan is secured with collateral that can be sold in the event the loan is not paid. In the case of collateral vehicle title loans the vehicle and vehicle title serve as the collateral. Vehicles that are fully owned outright can be used as the collateral and the vehicle title should be lien free so the lender can put a lien on it when it is left with the lender since the borrower is allowed to keep using the vehicle while repaying the loan.

What is a car title loan?

A car title loan or collateral vehicle title loan is a secured loan using a fully owned vehicle and the vehicle title. These are low interest loans with payment terms starting at 2 years and up to 5 years. The lender typically does not do any credit checks. This is because credit ratings have no bearing on the loan approval since the loan is secured by the collateral. Up to $50,000 can be borrowed as loan amount based on the vehicle’s true market value.

Collateral vehicle title loans have the lowest interest rates

Collateral car title loans actually have the lowest interest rates in the lending industry. Interest rates for such loans are far lower than unsecured bank loans or short term loans because the loan is guaranteed by the collateral. Interest rates can be up to 70 percent lower and more competitive than anything the closest competitors can offer.

Very little paperwork preparation and submission

You only need to bring in the vehicle for a detailed inspection and appraisal for the loan amount. Then you submit the vehicle title so the lender can make sure that it is lien free. Then show your valid driver’s license to prove that you are driving your own vehicle and give any proof of permanent residence as well as for car or collision insurance.

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.