Look Beyond Bank Loans And Get A Loan Against a Car Title

Considering the present market situation, small business owners and other individuals are  looking for new funding sources for their businesses or personal requirements. Gone are the days when people used to be at the mercy of a bank for a loan whenever they were stuck in a financial bind. Now, new ways of funding and financing such as a loan against a car title are amongst the favourite options  that are giving tough competition for commercial banks and other traditional financial  institutions.

A Car title loan offers many strong points surely to change the minds of hesitant borrowers. Continue to read about the benefits these loans offer.

• Convenience

No one can deny the ease of applying for these alternative sources of funding. Right from the start,  you are able to apply online from the comfort of your home. Go to Instant Loans Canada and fill out  the application form within seconds. This means no more visiting the bank to meet various representatives and explaining your needs again and again, or negotiating terms and conditions. 

The application that you complete online will be reviewed and you’ll be contacted about the next steps.  You will need to provide minimal paperwork and also bring in your car for inspection. Can you imagine your life without your car? We understand how important your vehicle is, we let the borrower keep and continue using their vehicles for the loan duration. This loan is a secured loan that uses your title papers as security or collateral for the loan.

• Flexible Payment Plan and Market-best Interest Rates 

The added benefit of loaning from alternative sources like Instant Loans Canada is that the borrower can choose a flexible payment plan.The loan amount is spread over a five year period  and monthly can be as low as $97. Even if you do get a deal with such a low interest rate from another lender, you cannot get the ease of making flexible monthly payments. Each month the cash flow of money may remain constant, but you may  want to pay more this month when you have extra funds. This gives a borrower the liberty to select from a variety of plans based on the monthly budget. 

• It’s For All

A commercial bank asks for a credit score to move ahead with a loan application. For banks, any number above 650 or 700 is considered a perfect credit score. Such a perfect credit score is not possible for most  to have or maintain. When applying for a loan with the bank, many details about your credit need to be disclosed such as financial history. This can make it hard for most especially if they have a poor credit score. Our loan against a car title is for everybody! No matter what your credit score is, we can give you a loan against the title documents of your car.  

• Same Day Cash Loan Guaranteed

The ultimate benefit of loans from private lenders is that we take very less time to process the paperwork unlike commercial banks. We take less than 24 hours to approve and disburse the loan once you have submitted the required documents. Below are the documents that you need  to submit. 

• A valid Canadian driver’s license
• Proof of permanent residency
• Vehicle registration and insurance papers in your name
• A second set of keys to your vehicle
• Proof of legal age as per your province
• A vehicle no older than 10 years
• A clear title to your vehicle

Loan against a car title from Instant Loans Canada is the best option to go with when your credit score isn’t the greatest. Call toll free 1-866-973-5214 to apply today! Don’t hesitate, apply online now! 

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