Car Title Loans Cochrane Alberta - Instant Loans Canada

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Car Title Loans Cochrane Alberta

Jun 03, 2015

All you need is to apply for a collateral vehicle title loan if you need emergency cash for sudden emergency payments.

A bad credit history usually keeps borrowers from applying for traditional short-term loans or other unsecured bank loans. Instead why not take out a collateral vehicle title loan because this is one way to get your hands on some fast cash since no credit checks or employment verification are ever done by lenders.

How do collateral vehicle title loans work?

With a collateral vehicle title loan the lender evaluates the loan value of your car based on its true market value and then gives you an approved loan in one hour. The lender then holds on to your car’s title and puts a lien on it until the loan is fully repaid. While the loan is being repaid the borrower can continue using the car.

How to qualify?

All you need is a fully owned and fully paid car and its corresponding car title. The title must be lien free. Other things you may need to show is your valid driver’s license and any proof of permanent residence. When you qualify for the car title loan you can borrow as little as $1,000 and as much as $35,000 depending on your financial emergency or need.

Interest rate is 70 percent lower than the competition

Interest rates for car title loans are 70 percent lower than the competition. This means that no unsecured bank loan or short term loan interest can ever hope to match the lower interest of car title loans. This certainly makes car title loan interest rates the lowest in the lending industry. Loan payment terms start out at 2 years and can be adjusted up to 5 years.

No penalties for early payments

Should the loan be paid off early, no early payment penalties or fees will be charged. The loan is considered paid off and the lien will be removed from the car title and the title returned to the borrower.

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.