You Can Find Fast Cash with Bad Credit Loans Legal Alberta for Those Sudden Emergencies

When your back is to the wall and you’re hard up for cash because of an unexpected financial emergency, you can turn to collateral vehicle title loans.

The beauty of a collateral vehicle title loan is that all you need is a fully owned car to serve as collateral to secure the loan. Also, the car title should be lien free to serve as surrogate collateral because the lender needs to place a lien on the car title until the loan is fully repaid.

Borrow up to $50,000

The loan amount is determined by the car’s true market value after inspection and appraisal. The borrower can loan up to $50,000 or as minimal as $1,000.

Lowest interest rate

Up to 70 percent lower interest than the competition. This makes vehicle title loans the lowest interest rate in the lending industry. A collateral vehicle title loan can beat any interest rate from other unsecured loans, short term loans, and even other title loan lenders.

The most flexible payment options

Car title loans offer the longest term loan you can find anywhere. You only get the lowest monthly payments because the low interest coupled with loan terms starting at 2 years and up to 5 years ensures that your budget won’t be stretched to the wall.

No credit checks

Perhaps that’s why collateral vehicle title loans are called no credit check title loans because no credit checks are done by the lender for the loan approval. As long as you have the car and car title, have a valid driver’s license, and proof of permanent residence, your loan is approved in just one hour. So you don’t need to worry if you have bad credit or no credit at all.

Keep the car and no early payment penalties

Collateral vehicle title loans don’t need to store cars during the loan term. The borrower gets to keep the car and keeps driving it during the loan term. Should the loan be paid off early, no early payment penalty will be charged.

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.