You’re guaranteed fast cash and really great benefits when you get a collateral vehicle title loan to solve those unexpected financial emergencies.
Are you out of solutions to get the cash you need because you know those lousy short term loans and unsecured loans give nothing but high interest rates? However, what’s keeping you is your bad credit history. The best option you can ever get is a collateral vehicle title loan that can provide you with cash even with your bad credit history. A vehicle title loan is a loan where you provide a fully owned car and its car title as collateral.
How do collateral vehicle title loans work?
The loan amount approved will depend on your car’s condition and true market value. Once the loan is approved in one hour, all you need to leave for the lender is the lien free car title as collateral so the lender may put a lien on it until the loan is fully repaid. Throughout the loan repayment terms you can keep driving your car. As little as $1,000 or as much as $50,000 can be borrowed as loan amount.
Lowest interest rates
Vehicle title loans have the lowest interest rates in the whole lending industry because up to 70 percent lower interest rate can be offered against the closest competitor. Unlike short term loans and unsecured loans with sky high interest rates, car title loans are the lowest still. If you pay off the loan in full before the end of the term, no early payment penalty charges will be paid.
Collateral vehicle title loans have the best benefits
Also called no credit check title loans because no credit checks are needed for approval, even if you have a bad credit history your car and car title are enough as collateral to secure the loan. You get to enjoy such benefits as:
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.