Get Cash Same Day West Vancouver British Columbia When You Apply for a Collateral Car Title Loan

Collateral vehicle title loans are much different from the typical short term loans or unsecured loans that have dominated the loan industry in the past.

Collateral vehicle title loans are called secured loans because they are secured by the collateral that is your car and the car title. This is basically all you need to get this type of loan. As long as your car is fully owned and paid and with no outstanding liens on the car title, it serves as the collateral. The car title is the actual collateral that you leave behind with the lender because you continue using and driving your car while repaying the loan and the lender puts a lien on the title until the loan is fully repaid.

Your credit history has no bearing on the loan approval

No matter what condition your credit is in, whether good, bad, or even if you have no credit history, this has no bearing when applying for no credit check title loans because lenders will not check your credit background. The loan is already secured by the collateral so your credit will not matter. Collateral vehicle title loans are approved in one hour with no credit checks needed.

Low interest rate is the best benefit ever

Collateral vehicle title loans aren’t like car pawns or short term loans that carry really huge interest rates. The interest rates of collateral vehicle title loans are the lowest in the lending industry because up to 70 percent lower interest rate can be offered against the closest competitor out there. Also, loan payment terms start off at up to 2 years and can range up to 5 years.

Very little requirements needed

All you need is to bring in your car for a detailed inspection and appraisal to determine the loan amount based on the vehicle’s true market value. Of course, the car title must be submitted as well for inspection. Present your valid driver’s license and any proof of permanent residence. Employment will not be checked and is not a requirement for approval of car title loans.

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.