Collateral vehicle title loans are the best solution for those unexpected money emergencies that won’t be solved by short term loans.
Contrary to popular misconceptions, collateral vehicle title loans are not dangerous, unlike short term loans and even some unsecured bank loans. All you need for a vehicle title loan is a fully owned and paid car and its car title as collateral, even if you have bad credit or no credit at all.
The lowest interest rates
A collateral vehicle title loan is protected by consumer legislation so their interest rates are the lowest in the lending industry. They are even much lower when contrasted against unsecured loans or short term loans that carry extremely exorbitant rates. Up to 70 percent lower interest rate than the closest competition and this beats other interest rates you may get from other lenders.
Reasonable loan terms
Car title loans are generally emergency loans so payment terms aren’t the same as short term loans or even unsecured loans. Collateral vehicle title loans provide terms of 2 years and up to 5 years. You can borrow as little as $1,000 and as much as $50,000.
No credit checks are ever done
No credit check title loans don’t need credit checks because the loan is already secured by the collateral. So even if your credit rating is bad or none, it won’t matter with the loan approval. The loan gets approved in one hour once everything is submitted and in order.
No overloaded paper works necessary
All you need to do is to bring in your car for a detailed inspection and appraisal to determine the loanable amount based on the vehicle’s true market value. You also need to bring the car title that serves as the main collateral, so the title should be lien free. Once you show your valid driver’s license and provide any proof of permanent residence, then your loan is good to go for approval in one hour.
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.