Car Title Loans Port Coquitlam British Columbia

Collateral vehicle title loans are simply loans secured by the title to a borrower’s vehicle. In short, the vehicle becomes the collateral.

The biggest benefit to getting a collateral vehicle title loan is that it enables the borrower to get the money they need fast and with no hassles with requirements. Collateral car title loans are usually processed within an hour and the loan amount is released in that same hour. It is really a very simple process that involves the lender inspecting and appraising your car to determine the loan amount based on the vehicle’s true market value.

Anyone with a fully owned vehicle can get a vehicle title loan

The collateral for any vehicle title loan is just your fully owned vehicle. The vehicle title should also be lien free since this will be left with the lender who will place a lien on it. The vehicle and vehicle title is enough to secure the loan.

There is no credit check or background check involved

The loan is based on collateral that you are putting up, which means the lender is giving you a secured loan. There is virtually no risk for the lender, so the loan is approved in just one hour. Employment checks are never conducted and bad credit or no credit is never a factor in the loan approval. So long as you have a fully owned car, the vehicle title loan will get you what you need.

Keep driving your car

Another great benefit is that while you are repaying your loan, you get to keep the car and still drive it. There is no unnecessary change in your life and you get your money. Loan payment terms are from 2 years and up to 5 years. You can adjust your payment terms that will suit you best.

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.