The Requirements to Get a Bad Credit Loan Coquitlam British Columbia Isn’t Difficult at All - Instant Loans Canada

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The Requirements to Get a Bad Credit Loan Coquitlam British Columbia Isn’t Difficult at All

Jun 23, 2015

Requirements aren’t that much when applying for a collateral vehicle title loan

Your credit history and credit score won’t even be checked because your credit is not a problem for lenders of collateral vehicle title loans. So long as your vehicle is all paid up and fully owned, you can borrow as low as $1,000 and up to $35,000. This will, of course depend on the true market value of your car. The vehicle is simply enough as collateral. Likewise, employment is of no concern since car title loans are already secured.

Approval and cash in just one hour

This is even if you apply online. Approval and cash loan can be handed in an hour. That should be fast enough if you’re really in dire financial straits and need to handle your money problems fast.

Keep driving your car

Vehicle title loans only need the car title to keep until you pay the loan. Simply apply for the loan online, get the cash, and keep using your car during the duration of the loan term. The lender places a lien on the car title during the loan term and removes it when the loan is paid up.

Terms of 2 Years to 5 years

Shorter terms mean you don’t have enough time to gather your resources to pay off your loan. You get to choose what term is best for your ability to pay. 2-year loan terms up to 5 years also mean your monthly payments will be affordable.

No early payment penalties

In case you are able to pay off the no credit check title loan early, no early payment penalties and fees will be charged. It will not matter if you pay off your loan early as this goes well for everybody.

Very low interest

Interest rates for collateral vehicle title loans are the lowest in the lending industry. Up to 70 percent lower rates can be offered against whatever the competition can come up with.

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.