You Can Get Cash Same Day Parkland County Alberta Through Collateral Vehicle Title Loans

There are no drawbacks when applying for collateral vehicle title loans.

A collateral vehicle title loan allows you to pledge your vehicle title as collateral in exchange for a loan amount. To be sure, there are no so-called pitfalls or drawbacks when you apply for collateral vehicle title loans to solve those financial emergencies.

The basics of a collateral vehicle title loan

To get a collateral vehicle title loan, you only need a fully owned car and its car title as collateral. The car title as collateral is then left with the lender so a lien can be placed on it. Once the loan is fully repaid, the lien is removed and the car title is returned to the borrower.

Loan amounts based on true market value

In general, car title loans are advantageous for borrowers and lenders alike. While loan amounts will also vary depending on the true market value of the vehicle, year and make, and the engine condition, as much as $50,000 can be borrowed or as little as just $1,000.

The great benefits of collateral vehicle title loans

Once the lender has determined that the collateral is good to go, the loan is approved in just one hour. That’s one hour, and the time saved makes all the difference when handling a money shortage for a financial emergency. Up to 70 percent lower interest rate can be offered against the closest competitors out there. Loan terms are a surprisingly long and adjustable 2 years and up to 5 years. No credit checks title loans don’t even need credit checks even if the borrower has a bad credit history or score. This is because the loan is already secured by the collateral. While the loan is being repaid through the term, the borrower is allowed to continue using the car. No early payment penalty will be charged if the loan is repaid early.

Instant Loans Canada is a leading collateral title lending company. This locally-owned and managed company has been helping individuals with their finances offering collateral title loans for vehicles. They give borrowers a chance to get quick cash easily, with the lowest interest rates and loan payment terms from 2 years to 5 years. For more information about the company, its title loans and other services, call Instant Loans Canada toll free at 1-866-973-5214 and apply now or apply online.