Car Title Loans Maple Ridge British Columbia

A collateral vehicle title loan is a loan that only needs any registered land vehicle as collateral.

Contrary to some popular belief, collateral vehicle title loans are not expensive. Car title loans have the lowest interest rates in the lending industry and the longest payment terms adjusted to the borrower’s needs. It is becoming people for borrowers who take out this loan type for emergency or urgent payments.

How do car title loans work?

You can personally apply with a lender or fill out and submit an online form. Of course, aside from your application, you need to show the lender:

• Your fully owned and paid for car.
• The car title that should be lien free.
• A valid driver’s license.
• Any proof of permanent residence.
• Car or collision insurance.

Fast approval for fast cash

Collateral vehicle title loan lenders can approve your loan in just one hour. All you need is to have the above requirements ready. When the loan is approved in one hour, you get the loan amount in that same hour. You can borrow from $1,000 and up to $50,000 depending on the true market value of your vehicle after inspection and appraisal.

How much interest rates are applied?

Interest rates for collateral car title loans are 70 percent lower than what other competitors can come up with. This means that collateral vehicle title loans are much cheaper than unsecured bank loans or short term loans. Loan payment terms can start at 2 years and can go up to 5 years.

No credit checks required and other benefits from collateral vehicle title loans

Even if you have bad credit or your credit is invisible, no credit checks are ever done because this has no bearing on the loan approval. The collateral of the vehicle and vehicle title are enough to secure the loan. You even get to keep and continue using the vehicle while repaying the loan during the loan term.

 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.