How Does Fast Cash Bad Credit Car Loans North Vancouver British Columbia Stack Up Against Other Loans?

Collateral vehicle title loans compared to other unsecured and short term loans will always do far better.

Credit card loans are only as good as your credit history is and the credit amount is very limited. Interest rates are very high. Some banks offer personal loans with very high interest rates. However, the borrower also needs a good credit history for the loan to be approved, as well as facing a high interest rate. Payday loans also charge very high interest rates and terms only last 2 to 3 weeks at the most. Loan approval may or may not be based on the borrower’s credit history. Car pawning may not need credit checks, but the borrower needs to leave the car with the pawnbroker and the interest rates are very high as well.

Collateral vehicle title loans are easy to apply for

Collateral vehicle title loans are based the car’s true market value so borrowers will be required to fully own their car outright. Other requirements may include proof of permanent residence, a valid driver’s license, and the car title that should be lien free. Once everything is in order, the loan is approved in just one hour. The loan amount can be as little as $1,000 or as much as $50,000.

Lowest interest rate and longer loan terms

Collateral car title loans carry longer payment terms starting from 2 years and up to 5 years. Interest rates are also the lowest in the whole lending industry or when compared to short term loans or unsecured loans. Up to 70 percent lower interest rate can be offered against the closest competitors out there.

No penalties for bad or no credit

No credit check title loans don’t need credit checks because the loan approval is not based on the borrower’s credit rating. Likewise, loan approvals will not carry any penalties or higher interest if the borrower has bad credit.

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.