Know What You’re Getting into When You Apply for Car Loans Longview Alberta

Collateral vehicle title loans mean a solution for your emergency financial problems, but a responsibility to know you’re getting into.

We all experience financial emergencies every now and then. It could be a sudden home repair that necessitated a sudden bill payment, or a medical emergency, or an unexpected cash flow shortage at your small business. For those with fully owned and paid for cars and with the car title that is lien free you can use these as secured collateral and apply for collateral vehicle title loans to solve those unexpected financial troubles.

Know how collateral vehicle title loans are different from unsecured or short term loans

Car title loans offer loan payment terms starting at 2 years and can go up to 5 years. Thus, you can choose the best loan term period based on your ability to pay. There are no additional hidden fees or penalties even if the loan is paid off early since this is a collateral loan. You can loan for as little as $1,000 and as much as $50,000. No short term loan or unsecured bank loan can ever top these benefits because their loan approvals are normally based on good credit scores. Collateral vehicle title loans can be approved in one hour even if the borrower has bad credit or no credit.

Know the real loan interest rate

No credit check title loans offer the lowest interest rate in the lending industry. Up to 70 percent lower interest rate can be offered against the closest competitor out there. This low interest rate is due to the secured collateral for the loan.

Know the true value and other requirements for the loan approval

When you bring in your car for inspection and appraisal, the lender is determining the true market value for the loan amount. The car title should be lien free because a lien is placed on the car title until the loan is fully repaid. Then all you need to show is a valid driver’s license and proof of permanent residence.

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.