If you’ve experienced difficult financial hard-ups, the solution for this without any delay is to apply for a collateral vehicle title loan.
A collateral vehicle title loan is a secured loan that is secured by the collateral of any fully owned and paid for car with its car title. After securing the loan you still get to drive your car while repaying the loan.
How to get started
To start things off, simply make sure that your car is fully owned and paid for and the car title is lien free because these will be the collateral for the loan. The lender needs to place a lien on the title while the loan is being repaid, and it comes off after the loan is fully paid up.
Lowest interest rate on these loans
Interest rates for collateral vehicle title loans are the lowest because up to 70 percent lower interest rate can be offered against the closest competitor. Loan payment terms are also longer at 2 years and flexible up to 5 years.
What to have to qualify for the loan:
No early or special fees will be charged
No early penalty will be charged if car title loans are paid off early and no other special or hidden fees will be charged.
How much money can be borrowed?
The loan amount is based upon the true market value of the vehicle. You can normally loan from $1,000 and up to $50,000.
Fast loan processing and approval
No credit check title loans can be approved in just one hour after taking your application. Lenders also don’t check for credit history or credit scores because the loan is already secured by the collateral. So whether the borrower has bad credit or no credit, this has no bearing on the loan approval.
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.