Car Title Loans Black Diamond Alberta - Instant Loans Canada

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Car Title Loans Black Diamond Alberta

Jun 02, 2015

A collateral vehicle title loan or car title loan is the best solution for any sudden financial problem that just shows up at your doorstep.

A collateral vehicle title loan is a loan based on a fully owned vehicle as collateral as well as its vehicle title that should be lien free. During the loan payment period you still remain in possession of the vehicle and can keep using it.

Why get a collateral vehicle title loan?

The reasons for getting a collateral car title loan may vary from a sudden emergency to an urgent bill payment. A car title loan allows you to borrow money while still being able to drive your vehicle. During such emergencies and quick cash is needed, car title loans are approved in just one hour after all requirements are submitted and appraisals are finished. Naturally, your car has to have your name on the car title in order to use it as collateral for the loan.

How long is the application process for a collateral car title loan?

Applying for a collateral vehicle title loan is quick and simple:

  • You can apply online by filling out and submitting the online form.
  • Send in or bring the necessary documents for verification.
  • You get approval in as little as one hour and you get the loan amount in that same hour.

What happens when you pay off your collateral vehicle title loan early?

Nothing. The loan is paid up and the vehicle title is released from its lien and returned to the borrower. No early payment penalties will be charged on the borrower or other early payment fees.

Will the lender perform a credit check?

Your bad credit history will not matter since the value of the vehicle plays a bigger role in the loan. Even if your credit is non-existent it won’t matter because the loan is purely secured by the collateral. You can borrow from $1,000 to a maximum of $35,000.

What about interest rates?

Interest rates are 70 percent lower than the closest competitors. This means it can be the lowest in the lending industry and certainly much lower than short term loans and unsecured bank loans.

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.