The Advantages of Fast Cash Today North Vancouver British Columbia

The benefits of getting a collateral vehicle title loan to get fast cash far outweigh the disadvantages offered by short term loans and unsecured loans.

Probably the biggest benefit to getting a collateral vehicle title loan is that it enables the borrower to get the money they need as fast as possible. Collateral vehicle title loans are processed within one hour. This is because the process only involves the lender inspecting and appraising your car for its true market value as well as submitting only the minimal requirements for the loan.

All you need is a fully owned vehicle as collateral

No credit checks are ever involved because the lender is giving a secured loan based on collateral that you are putting up. There is virtually no risk for the lender or borrower so the approval only takes one hour. Collateral car title loans are perfect if you have bad credit or no credit because credit ratings have no bearing on the loan approval.

While repaying the loan you get to keep the car and still drive it

All you need is to leave your car title as security for the collateral so the lender can place a lien on it until the loan is fully repaid. This gives you the opportunity to keep using your car while repaying the loan.

Advantages, only advantages for this loan

No credit check title loans carry the lowest interest rates compared to unsecured and short term loans. Up to 70 percent lower interest can be offered against the closest competitor. Loan terms run from 2 years up to 5 years.

Overall, collateral vehicle title loans are a great way to get fast emergency funds. As little as $1,000 or as much as $50,000 can be borrowed based on the car’s true market value. Minimal requirements only require the presentation of a valid driver’s license and any proof of permanent residence. No early payment penalties will be charged if the loan is repaid early.

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.