<script src='' type='text/javascript'></script>How Much Car Title Loans Stony Plain Alberta Can You Afford? - Instant Loans Canada

Blog

How Much Car Title Loans Stony Plain Alberta Can You Afford?

Jun 15, 2015

Know your true price range, how much you really need, and your car’s true appraisal value before applying for a collateral vehicle title loan.

A major factor in the country’s economic rise beginning around 2012 was the sharp decrease of people borrowing from short term loans like payday loans and from unsecured bank loans. This is due to interest rates that could often go as high as 50 percent. This is because more and more people are turning to collateral vehicle title loans or car title loans for those sudden financial emergencies or urgent money matters. For those with fully paid vehicles and with no liens on their vehicle titles, these are all you need as collateral for getting a collateral vehicle title loan.

Know what you can really afford for monthly payments

Collateral vehicle title loans offer loans terms that start at 2 years and can be adjustable up to 5 years. So you can choose the best loan term period based on your ability to pay. There are no additional taxes and fees since the collateral provides security for the loan. You can drive off with your car and keep driving it for the duration of the loan term or until the loan is paid off.

Know the interest rates

Vehicle title loans can actually offer up to 70 percent lower interest rates than what other competitors can offer. This makes it the lowest in the lending industry, and most certainly lower than what short term and unsecured loans can offer.

Know what you need for loan approval

Bring in the car for inspection and appraisal, bring the car title so the lender can attach a lien on it, show your valid driver’s license, and proof of permanent residence, and you get approved in just one hour. No credit checks will be needed so your credit rating won’t matter with the loan.

Know the true market value of your car

When applying for no credit check title loans, the true market value of your car is what determines the loan amount, along with engine condition and performance, and vehicle make and model.

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.