Getting Fast Cash Today Irricana Alberta Makes a Big Difference Compared to Getting a Short Term Loan

There IS a big difference between a collateral vehicle title loan and a short term loan. The big difference is in the low interest rate of vehicle title loans.

A collateral vehicle title loan is utilizing the legal car title of a fully owned and paid for car as collateral to borrow an amount of money with the lowest interest rate in the whole lending industry.

Generally, a vehicle title loan is far different from short term loans or car pawning

A short term loan usually needs good credit to be approved and will charge very high interest. A car pawn is a loan that requires you to leave your car with the car pawnshop and still charges very high interest. However, collateral vehicle title loans are secured loans using a fully owned car and its car title as collateral, offering very low interest and doesn’t need any credit checks for the loan approval.

A collateral vehicle title loan is simply a secured loan

As secured loan, collateral car title loans offer the lowest interest rates. Up to 70 percent lower interest rate can be offered against the closest offer from the closest competitors. Loan payment terms are even flexible starting at 2 years and up to 5 years.

Collateral title loan lenders only ask for minimal requirements

Applying for a collateral title loan is fast and approval is just in one hour. The lender just inspects and appraises the car and car title for the true market value to determine the loan amount. Then just show a valid driver’s license and any proof of permanent residence.

Collateral vehicle title loans are more than just emergency loans

No credit check title loans of this nature are simply secured by the collateral so no credit checks are needed. This is good news for borrowers with poor credit ratings or no credit at all.

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.