How Do You Qualify for Bad Credit Loans Terrace British Columbia or Car Title Loans?

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To qualify for a collateral vehicle title loan, all you need to do is to:

  • Be at least 19 years old.
  • Have a vehicle that must be fully owned and paid for. It should not be more than 8 years old to qualify for collateral bad credit loans.
  • Have the vehicle title fully in your name and the title must have no outstanding liens on it.

You must also be able to provide the following:

  • A valid driver’s license.
  • Proof of permanent residence.
  • Vehicle registration.

The car’s true market value

Collateral car title loans always conduct a complete vehicle inspection and appraisal to inspect for past accidents, vehicle origin, and engine performance. This also determines the car’s true market value that also determines loan amount. Up to $50,000 can be loaned based on this.

Interest rates and loan repayment terms

Loan interest rates for no credit check title loans are the lowest compared to other unsecured bank loans, car pawns, payday loans, and other short term loans. Interest rates are also the lowest in the lending industry. Payments can be as low as $97 per month. Loan terms are no longer the traditional 30 or 60 days. They can go as long and as flexible as 5 years. You continue driving the car while making loan payments.

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 headaches. 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 an hour. Get started today at the nearest Canada-wide network of convenient locations.