Until recently, a loan for an emergency meant visiting your  local loan officer at the bank or credit union. But that has since changed Getting a loan isn’t as easy as it once used to be..In order to get a loan you need  to go through various steps before getting the much needed funds in your hands. With so much delay and frustrating experience , more people are switching to modern and convenient ways of getting urgent funds. 

Most  people need the money now and don’t have  time to wait through the long bank loan process to  get money after weeks of anticipation. There is also no guarantee that after applying, you will be approved for  the loan. People face rejections at various steps due to many reasons such as incomplete forms, low or bad credit score, missing information, and low income to name a few. Fortunately,  alternate lenders, like Instant Loans Canada, have come up with creative and less time consuming loan options; like a pink slip loan. People who face emergencies requiring immediate funding cannot rely on banks for any sort of help. These pink slip loans are one of the most reputable lending options available for people who want funds quickly. 

Pink slip loans are best suited for short term loan requirements.  For such loans there’s no such need to submit complex documentation like banks need in case of personal loans.

Convenient and Affordable

For any lender it is important to be transparent with their make  clients and ensure they understand the whole loan process. There are many first time borrowers who have questions and concerns regarding monthly installments, interest rates, collateral loans.etc before  making a final decision on a loan. As you continue to read on, you will get to know all about our pink slip loans, what they mean, how to apply for them etc.

What are Pink Slip Loans?

These loans are also known as car title loans or car collateral loans. It is a type of loan that uses your car title, which is known also as the pink slip, as collateral to borrow money .To get a pink slip loan, you must own a fully paid off vehicle free of any liens.. This means there should be no money owing to the car. TThe title of the car or we can say the pink slip will be used to secure the loan to  lend you the money. A new, good condition car can get you more money because the car holds a higher equity value, allowing you to be eligible for more funds. The . pink slip remains with us until you pay the loan back in full. We keep the title of the vehicle and not the vehicle itself. You are free to use  your vehicle as usual once the loan amount is handed over to you. 

How does the Pink Slip Loan work?

We are proud to say that our car title loan is the industry-best and most hassle-free loan you’ll ever apply for. There’s no need to have a perfect credit history. We won’t even ask you for your proof of income. You can apply by filling out our  basic online application, which you’ll see on our website. We will then qualify you for the next round, where you’ll be provided the list of documents to be submitted. This includes basic everyday documents. We will not keep any of the original documents aside from your car title. . Below you’ll find the list of  the required paperwork for a pink slip loan. Next step would be the inspection  of your car. Our experts will check and evaluate your car to help  calculate the amount you can borrow. If everything falls in place, we’ll quickly  approve the loan. In no time, the cash will be in your hands and you’ll be free to drive off. in your vehicle.   

The documents required:

• A valid Canadian driver’s license
• Proof of permanent residency
• Vehicle registration and insurance papers in your name
• A spare set of keys to your  vehicle
• Proof of legal age 
• A vehicle no older than ten years
• A clear pink slip (title) to the vehicle

Apply online today or  call toll free 1-866-973-5214 to contact us!

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