Getting a Car Loans Cochrane Alberta

It is not difficult to apply and be approved for a collateral vehicle title loan.

Car Loans Cochrane Alberta are a form of secured loan for a certain fixed loan term. To obtain a secured collateral vehicle title loan, you give the lender the title to your car and the lender places a lien on it until the loan is fully repaid. The loan has to be repaid within the specified loan terms ranging from 2 years up to 5 years. No credit checks are necessary even if you have bad credit or no credit.

How do collateral vehicle title loans work?

You can apply for Getting a Car Loans Cochrane Alberta by first filling out an online form and submit online. Of course, aside from your application, you need to show the lender:

• Your car for a detailed inspection and appraisal for its true market value to determine the loan amount.
• The car title that should be lien free.
• A valid driver’s license.
• Proof of permanent residence.
• Vehicle collision and comprehensive insurance.

When the loan is approved in one hour, the lender gives you the money and keeps the title of your car. You can continue using the car while repaying the loan during the loan term.

How much is the interest rate?

Collateral car title loans have the lowest interest rates when compared to other unsecured loans or short term loans and have the lowest in the lending industry. Up to 70 percent lower interest rate can be offered compared to whatever can be offered by the closest competition.

Loan terms and loan amount

Loan terms can be adjusted up to 5 years with a minimum term of 2 years. This means lower monthly payments with lower interest rates. You can borrow a minimum of $1,000 and as much as $50,000. No early payment penalty will be charged if the loan is paid in full earlier than the loan term. That’s the beauty of the benefits of no credit check title loans.

Instant Loans Canada is a leading collateral title lending company. This locally-owned and managed company has been helping individuals with their finances offering collateral title loans for vehicles. They give borrowers a chance to get quick cash easily, with the lowest interest rates and loan payment terms from 2 years to 5 years. For more information about the company, its title loans and other services, call Instant Loans Canada toll free at 1-866-973-5214 and apply now or apply online.