It’s Called Bad Credit Loans Beiseker Alberta Because You Get a Loan Approval Even with Bad Credit - Instant Loans Canada

Blog

It’s Called Bad Credit Loans Beiseker Alberta Because You Get a Loan Approval Even with Bad Credit

Jun 24, 2015

No credit checks and employment requirements are ever needed when applying for collateral vehicle title loans.

Good credit, bad credit, or no credit at all is not a problem when getting collateral vehicle title loans. This is because lenders won’t check your credit score and it doesn’t matter to the loan approval. Your employment is no problem either and has no bearing on the loan. No credit and employment checks are needed. So long as you own a fully paid car and the car title has no lien on it, this is good enough for collateral. You can loan for as low as $1,000 or up to $35,000, depending on the car’s true market value.

Low monthly payments

Car title loans have one of the lowest interest rates in the lending industry. This is because as low as 70 percent lower interest rate can be offered compared to the closest offer of the competition.

Fast loan approval with little requirements

Once the car is checked and appraised to determine loan amount and the car title is checked to be lien free (so the lender can place a lien on it until the loan is paid), the loan is approved in just one hour. You only then need to show a valid driver’s license and proof of permanent residence.

Keep the car while paying the loan

With no credit check title loans you get to keep your vehicle and keep using and driving it during the duration of the loan term.

Terms of up to 5 years

While unsecured bank loans and short term loans require you terms of 30 or 60 days, collateral vehicle title loan terms are from 2 years up to a maximum of 5 years. You choose the term that suits you best and which is best for your budget.

No early payment penalties

Collateral vehicle title loans can be paid off anytime and no early payment penalties will be charged.

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.