A collateral vehicle title loan is a form of fast cash emergency loan that is based on your vehicle and vehicle title as collateral.
The reasons for getting a collateral vehicle title loan may vary from a financial emergency to unexpected payments for a small business. These collateral car title loans allow you to get fast cash while still being able to keep using and driving your vehicle, something very important for those employed or running a small business.
After you have paid off the loan, how do you get the car title back?
After you have paid off your collateral car title loan, the car title will be returned to you by the lender after the lien placed on it is removed. So when applying for collateral vehicle title loans make sure the car title is lien free.
How long is the application process for a collateral vehicle title loan?
Application is very simple and easy: 1) You can apply and submit the application form online; 2) Send in or bring a valid driver’s license and proof of permanent residence; 3) You get approval in just one hour after your car is appraised and inspected for its true market value.
How much interest rate is usually charged?
Up to 70 percent lower interest rate can be offered against the closest competitor, making this the lowest interest rate in the whole lending industry. Loan payment terms start at 2 years and can run up to 5 years.
Will the lender perform a credit check?
Credit scores will never matter since the loan is already secured by the collateral. No credit check title loans do not require any credit checks for any loan approval.
How long is it before you are approved for a loan?
The process is really fast, ranging from an hour or even less depending on the car and the lender’s required inspection and appraisal.
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.