Getting Fast Cash Today Belcarra British Columbia through a Collateral Vehicle Title Loan

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Getting Fast Cash Today Belcarra British Columbia through a Collateral Vehicle Title Loan

Oct 05, 2015

Obtaining a collateral vehicle title loan means getting fast cash on the same day you are approved for the loan.

A collateral vehicle title loan is a secured loan for a loan period term. To obtain a vehicle title loan you need to use your fully owned car and its car title as collateral so the lender can place a lien on the title until the loan is fully repaid. Collateral vehicle title loans are not expensive. People normally take out a loan of this type for emergency or unexpected urgent payments.

How do collateral vehicle title loans work?

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

  • Your car for a detailed inspection and appraisal for its true market value to determine the loan amount.
  • The car title that should be lien free.
  • A valid driver’s license.
  • Any proof of permanent residence.

As little as $1,000 minimum can be borrowed or as much as $35,000 depending on the car’s true market value and what the borrower really needs. When the loan is approved in one hour the lender can give the loan amount in the same hour while holding on to the car title. Loan payment terms for collateral car title loans can start at 2 years and can be adjusted up to 5 years.

How much interest rates are applied?

The normal going interest rate is much lower compared to unsecured loans and short term loans. Up to 70 percent lower interest rate can be offered against the closest competitors out there.

Other benefits to consider

When you apply for no credit check title loans the lender does not need to check your credit rating. So you can have the worse credit in the land or have no credit at all and this will have no bearing on the loan approval. You also get to keep driving your car while repaying the loan since the loan is already secured by the collateral.

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.