Vehicle Title Loans North Vancouver British Columbia and the Most Frequently Asked Questions from Borrowers

How does a collateral car title loan really work?

Collateral vehicle title loans are loans that are based on the true market value of your car as the collateral. This also determines the loan amount. This can be as much as $50,000. During the loan payment period you still remain in possession of the vehicle.

When applying for a collateral vehicle title loan, does the car title have to be in your name?

The car has to be fully owned and has to have your name on the car title in order to use it as collateral for collateral car title loans.

How long is the application process for a collateral vehicle title loan?

Application is very simple and easy:

1) You fill out an online form and submit;

2) Bring in the car for inspection and appraisal, submit the minimum documents;

3) You get approval in just one hour.

If I pay off the loan early, will I be charged a penalty?

No early payment penalties will be charged should a loan be paid off earlier than the stipulated loan term of 5 years.

Will the lender perform a credit check?

For no credit check title loans, your credit history will not matter since the car secures the loan as the collateral. No matter what the condition of your credit rating, it has no bearing on the loan approval.

How high is the interest rate?

Perhaps the question should be how low is the interest rate since they are the lowest in the lending industry and even lower when compared to unsecured loans. Payments can be as low as $97 per month.

People in need of fast emergency cash can always turn to Instant Loans Canada. We can get a car title loan fast and today for anyone in need of alleviating any financial headaches. All they need is to get in touch with Instant Loans Canada by calling the toll free number at 1-866-973-5214 and get approved in an hour. Get started today at the nearest Canada-wide network of convenient locations.