Get Cash Same Day Delta British Columbia Are Best for Those Unexpected Money Problems

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Get Cash Same Day Delta British Columbia Are Best for Those Unexpected Money Problems

Sep 11, 2015

When faced with dire financial problems and other unexpected emergencies, a collateral vehicle title loan will always be the best solution.

A collateral vehicle title loan is sometimes called a pink slip loan because it uses the car title as collateral for the loan. The fully owned car is the actual collateral but since the car is not left with the lender during the loan repayment term, only the car title or pink slip is left with the lender so a lien can be placed on it until the loan is fully repaid. The loan amount is usually determined by the car’s equity.

Equity of your loan

The equity is simply the true market value of your fully owned car. It is the equity value that determines the loan amount after the loan is approved in just one hour. All you need is to bring in vehicle for a thorough inspection and appraisal.

Collateral of your loan

A fully owned car and its lien-free car title becomes the collateral for collateral vehicle title loans. You can continue using and driving your car while paying off the loan during the loan term. No credit checks are ever done with no credit check title loans because the loan is already secured by the collateral and thus have no bearing on the loan approval. As little as $1,000 or as much as $35,000 can be borrowed for the loan.

Lowest interest rate for your loan

Interest rates for car title loans are the lowest in the lending industry because up to 70 percent lower interest can be offered against the closest competitor. When compared to unsecured loans or short term loans, interest rates are far lower. Loan payment terms are adjustable, starting off at 2 years and can be adjusted up to 5 years. Should the borrower pay off the loan early, no early payment penalty charges will be paid and the loan carries no prepayment fees of any kind.

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.