Vehicle Title Loans Regina Saskatchewan is Way Better than Getting an Unsecured Bank Loan or Short Term Loan

When you’re in need of fast emergency cash because of a financial emergency, what can you expect from unsecured bank loans and short term loans? The worst thing is the very high interest rate. Good thing that collateral car title loans have the lowest interest rates and the longest payment terms.

Collateral car title loans are more practical

All that is needed to qualify for a collateral auto title loan is a fully owned and paid for car. Also the car title must be lien free because the car title is left with the lender who then places a lien on the car title until the loan is fully repaid. The lien is then removed. While repaying the loan the borrower is allowed to keep using the car. The car is inspected and appraised for its true market value for the loan amount. Up to $50,000 can be borrowed based on this.

Credit checks aren’t necessary

Another main factor with collateral vehicle title loans is that unsecured bank loans and short term loans cannot be an option for borrowers with bad credit or no credit. Therefore no credit checks need to be done for the loan approval.

Collateral car title loans in contrast to other loans

The biggest contrast between unsecured bank loans or short term loans and no credit check title loans is that the latter offers the lowest interest rates in the whole lending industry. Payments can be as low as $97 per month. Loan payment terms are the most flexible and the longest up to 5 years.

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 emergency headache. 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 one hour. Get started today at the nearest Canada-wide network of convenient locations.