How Much Can I Borrow from Fast Cash Today Coquitlam British Columbia?

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How Much Can I Borrow from Fast Cash Today Coquitlam British Columbia?

Sep 29, 2015

Collateral vehicle title loan is a special kind of loan that is available to borrowers who have bad credit or no credit.

Collateral vehicle title loans allow borrowers to use their fully owned vehicle as collateral security to loan an amount depending on the value of their car. As little as $1,000 or as much as $35,000 can be loaned.

What do you need to apply for a collateral vehicle title loan?

In applying for collateral car title loans, lenders will usually require you to show them proof of full ownership like the car title itself that should be lien free, a valid driver’s license, and proof of permanent residence. Basically the car title is left with the lender who places a lien on it until the loan is fully repaid, then the lien is taken out and the car title is returned to the borrower.

No credit checks are ever done

Applying for no credit check title loans does need any proof of income or credit rating. Collateral car title loans are secured loans because they cater mainly to individuals with bad credit or no credit, and they have much lower interest rates compared to unsecured or short term loans. No credit checks are ever necessary for the loan approval that comes in just one hour so long as the vehicle has been inspected and appraised.

Interest rates and loan payment terms

Lenders normally calculate and appraise the car’s true market value in determining the loan amount. Rates of interest are much lower when compared to unsecured loans or short terms loans. Up to 70 percent lower interest rate can be offered against the closest competitors out there. Loan terms are very flexible usually starting out at 2 years and can run 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. It’s almost a fast-money guarantee that you can be out the door in an hour with your loan amount. We’ve got the process down pat. Be on the winning side of annoying debt. Just think of Instant Loans Canada as the beginning of a way out.