Getting a Car Title Loans Legal Alberta Isn’t Hard. Really It Isn’t - Instant Loans Canada

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Getting a Car Title Loans Legal Alberta Isn’t Hard. Really It Isn’t

Jun 10, 2015

You only need to prepare very minimal requirements and criteria to be approved for a collateral vehicle title loan.

Fore mostly, all you need to apply for car title loans is a fully owned car. The car must be less than 8 years old to be approved for the loan appraisal. However, cars in excellent condition and engine performance that are over 8 years old may be negotiable. Naturally the vehicle must have no outstanding loan on it, so this means its vehicle title should be lien free.

No credit or employment checks needed

Lenders of no credit check title loans don’t need to do credit checks or employment checks. Collateral vehicle title loans are approved regardless of the borrower’s loan history because the loan is already secured with collateral. Likewise, employment is not a necessary criterion since lenders understand that there are other means of income.

All you need to submit for the loan approval are:

  • The filled out online application also submitted online.
  • Valid driver’s license to prove you are driving your own vehicle.
  • Proof of permanent residence such as a tax bill or telephone bill.
  • The vehicle itself for a detailed inspection of the engine and the odometer. This also facilitates the vehicle appraisal based on true market value.
  • Any type of vehicle insurance.
  • Proof of full ownership of vehicle in the form of a lien free vehicle title.

The usual terms and interest rate

  • Vehicle title loans payment terms can range from 2 years and up to 5 years.
  • Loans can be as little as $1,000 and as high as $35,000.
  • You get to keep and drive the vehicle during the term and duration of repaying the loan.
  • No early payment penalty charges if the loan is paid off early.

Collateral vehicle title loans are approved fast

Collateral car title loans are approved in just one hour once all appraisals and requirements are finished. The loan amount is released in that same hour.

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.