Car Title Loans Chestermere Alberta - Instant Loans Canada

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Car Title Loans Chestermere Alberta

Jun 02, 2015

Collateral vehicle title loans are your best option to get through those sudden financial emergencies.

Car title loans or collateral vehicle title loans use your vehicle title and vehicle as collateral in order for you to get a loan amount. So long as the vehicle is fully owned and the vehicle title is free of any liens, they qualify as collateral for the loan.

Repaying collateral vehicle title loans

Since collateral vehicle title loans are not short term loans, the loan terms start at 2 years and can be adjusted up to 5 years. No early payment penalties will be charged should the loan be paid off early.

Interest rates can fall up to 70 percent

Collateral vehicle title loans can have up to 70 percent lower interest rates when compared to other close competitors and thus, may be the lowest in the lending industry. This is understandable considering that:

  • Car title loans are approved regardless of the borrower’s credit report or history.
  • Car title loans are secured by the collateral and this doesn’t necessitate high interests.

This means that the interest rates can be the lowest in the lending industry and definitely much lower than any unsecured bank loans and short term loans.

Loan amounts up to $35,000 can be borrowed

When you bring in your vehicle for inspection and appraisal for its true market value, the loan amount that can be borrowed can go up to $35,000 though only a minimum of $1,000 can be borrowed as well. The loan is generally approved in one hour once the vehicle title is left as collateral so the lender can put a lien on it. The vehicle itself doesn’t have to be left with the lender and can still be used while repaying the loan. All you need to show is your valid driver’s license to prove that you are driving your vehicle and any proof of permanent residence.

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.