Why Get a 150 Percent Unsecured Bank Loan or Short Term Loan When You Can Get Equity Loans Chestermere Alberta - Instant Loans Canada

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Why Get a 150 Percent Unsecured Bank Loan or Short Term Loan When You Can Get Equity Loans Chestermere Alberta

Oct 05, 2016

The success of collateral car title loans

The good news for borrowers is that collateral equity loans and its interest rates are the lowest in the whole lending industry and much lower than even the cheapest short term loan or unsecured bank loan. But then, these traditional loans are never cheap coming in at 150 percent interest rate.

The dangers of applying for short term loans and unsecured bank loans

In truth, short term loans and unsecured bank loans are often issued at 150 percent interest per month. This is a far cry from the lowest interest rates of no credit check title loans with loan repayment terms that are the longest up to 5 years. Interest rates are so low that payments can be as low as $97 per month.

The benefits of getting a collateral car title loan

Generally, borrowers can borrow based on the true market value of their car, so long as they can prove that they clearly own the car and the car title is lien free. Another great benefit of collateral vehicle title loans is that lenders don’t make any assessment based on the borrower’s credit score. In fact, lenders don’t run credit checks to get the loan approved. This is because the loan is completely secured by the collateral.

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.