Equity Loans Lethbridge Alberta is a Secured Loan for Those with Bad Credit but Have a Fully Owned Car as Collateral - Instant Loans Canada

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Equity Loans Lethbridge Alberta is a Secured Loan for Those with Bad Credit but Have a Fully Owned Car as Collateral

Aug 18, 2016

How does a collateral vehicle title loan really work?

Collateral equity loans are secured with collateral that is usually a fully owned car and its lien free car title. The borrower’s car should be fully owned outright to be used as collateral for the loan. This loan offers a lower interest rate and longer loan repayment terms.

What makes a collateral vehicle title loan secure?

A collateral car title loan is secured using the car and its car title. The borrower puts up the car title as collateral for the loan. The car title is left with the lender and a lien is placed on it until the loan is fully repaid and the lien is then removed.

Reasonable payment terms

Collateral car title loans have flexible loan payment terms that are the longest up to 5 years. The lender will never do a credit check because the loan is already secured by the collateral. Whether the borrower has bad credit or no credit will not matter with the loan approval.

Collateral vehicle title loans have the lowest interest rate

No credit check title loans have the lowest interest rates in the whole lending industry. The interest rate is also less than unsecured bank loans or short term loans could ever offer. Much lower interest rate can be offered against the closest competitors out there. Payments can be as low as $97 per month. As much as $35,000 can be loaned based on the car’s true market value appraisal.

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.