Frequently Asked Questions For A Poor Credit Score Loan

Let me begin by telling you that our auto collateral loan lets you borrow cash on the basis of the equity value of your car. You can use your vehicle as collateral and you get to keep it as well. This loan is a great option for those whose bad credit score would easily get them disqualified from bank loans. 
We, at Instant Loans Canada help our satisfied customers by providing instant cash through a poor credit score loan. We want your loan experience to be pleasant throughout the loan tenure. Therefore, to provide more details, we’ll answer all your questions about borrowing from us through this loan.

1. How much can I borrow from a car title loan?

The value of your loan amount is determined by the equity value of your car and its overall condition. The better the condition of your vehicle, the more amount you become eligible to borrow. The factors like the car year, make, model, kilometers and condition of the vehicle will be considered. When borrowing from us, you can receive cash up to $50,000 easily.

2. Is good credit score a requirement?

All that matters to us is your fully-paid vehicle. As long as your vehicle is free from all financial obligations, you can borrow from us without any hassle. We do not run any debt history checks on you and lend instant funds despite your low credit score. 

3. How long is the fund disbursal period?

Our loan approval process is quick and secured. You get the funds within a few hours after your loan approval. If you are in dire need of cash, borrowing from us using your car title is the best option since you can get cash on the same day. 

4.Is there a need for a permanent job?

A poor credit score loan is given against the title documents of your vehicle as collateral. Your vehicle is your credit and is the only factor that helps you get the loan. We do not ask you to get a permanent job or have a fixed source of income.

4. What are the interest rates?

The interest rates charged by us are guaranteed to be the most competitive in the car title loan industry. We do not want to burden you with heavy monthly instalments. Our interest rates are up to 70% lower than our competitors. 

5. What is the repayment process?

The repayment process is very convenient. We provide the easiest and most flexible repayment options to keep your life financially stress-free. We want to make sure that your financial burden does not increase while borrowing to reduce it. Thus, in order to keep your monthly instalments as low as possible, we provide the longest loan duration in the industry. 

How To Apply?

• Call us or fill out our online application form
• Complete the easy paperwork
• Get your loan approved
• Drive off with cash on the same day

 

Contact Us

Apply online for our loan, or call us today at our (toll free) 1-866-973-5214.

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