Collateral vehicle title loans are based on the value of your car
The loan amount that you qualify for is based on the different factors of your car because it serves as the collateral. The car must be completely owned with no outstanding loans on it. The car title must have no liens on it. The loan amount will depend on the true market value of your car in terms of how old it is and the condition and performance of the engine. Collateral car title loans are approved in just one hour.
Interest rates are always the lowest
Unlike traditional short term loans that have very high interest rates, collateral vehicle title loans have interest rates that are the lowest even when compared to unsecured bank loans. They are the lowest in the whole lending industry. Payments can be as low as $97 per month.
Payment terms are the longest ever
Repayment terms are the longest at 5 years. No credit checks are needed to be done by lenders because no credit check title loans are secured by the collateral. No matter how bad or non-existent your credit rating is, it won’t have any bearing on the loan approval. All you then need is a valid driver’s license and proof of permanent residence.
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.