Some Advice for First-time Applicants When Applying for Car Loans Irricana Alberta

Are you searching for collateral vehicle title loans for the first time? First-time applicants have nothing to fear.

Getting a collateral car title loan for your emergency financial problems may be your final solution. What’s perhaps bothering you is if you’re going to be approved with your bad credit history or that you have no credit history at all.

Here are a few things that you need to know when applying for the first time for car title loans:

The collateral vehicle title loan amount is based on the true market value of your car

The loan amount that you will qualify for is based on the different factors of your car such as make and model, year it was purchased, and the overall engine condition. Since your car will be the collateral, it must be completely owned and paid for and the car title has to be lien free. The vehicle must have comprehensive and collision insurance. As little as $1,000 can be borrowed or as high as $50,000.

Interest rates are the lowest in the lending industry

Unlike traditional short term loans and unsecured bank loans that have very high interest rates, vehicle title loans have the lowest in the lending industry. As much as 70 percent lower interest rate can be offered against anything from the closest competitor.

Payment term options are usually 2 years to 5 years

Loan payment terms can start at 2 years and can be adjusted up to 5 years. No early payment penalties will be charged if no credit check title loans are paid off early. You continue using the car while repaying the loan. The loan is usually approved in one hour after the inspection and appraisal and showing the lender a valid drivers’ 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. It’s almost a fast-money guarantee that you can be out the door in an hour with your loan amount. We’ve got the process down pat. Be on the winning side of annoying debt. Just think of Instant Loans Canada as the beginning of a way out.