How Do You Qualify for Get Cash Same Day Leduc Alberta Loan

Actually, this is another way to call a collateral car title loan since you get approved in one hour and get the cash on the same day.

To simply qualify for collateral vehicle title loans, all that you need are the following:

• You must be at least 19 years old or older.
• Your car must be fully owned and paid for. The car should not be more than 8 years old. The loan amount is determined by the car’s true market after inspection and appraisal by the lender.
• The car title must have no outstanding lien on it.

Additionally, you must also be able to provide the following:

• A valid driver’s license.
• Proof of permanent residence such as billing mail that has been sent to you at your address or any proof of utility billing such as for electricity, water, or heating.
• Your vehicle’s registration and any vehicle insurance.

Once all of the above are submitted or met, collateral car title loans are approved in just one hour. You can borrow as little as $1,000 or as much as $50,000.

No credit checks are needed for the loan approval

No credit check title loans carry no hidden fees even if the car and car title has been secured by the lender by simply placing a lien on the car title. Likewise, no early payment penalties will be charged if the loan is repaid early. No credit checks need to be done by the lender because credit rating has no bearing on the loan approval. What the lender needs to do instead is a:

• Check for ownership to see if the borrower has actual vehicle ownership and its title.
• Lien search to ensure that the vehicle and title is lien free.
• Complete vehicle inspection and appraisal.

 Loans rates and terms

Loan interest rates are the lowest compared to unsecured loans and short term loans because up to 70 percent lower interest rate can be offered against the closest competitor. Loan terms range from 2 years up to 5 years.

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.