When applying for collateral bad credit loans, the overall process is simple and safe. The loanable amount is based on the true market value of the car. You even get to keep driving your car while repaying the loan.
With collateral car title loans you need to bring in the car for a detailed inspection and appraisal. Also make sure you have a lien free car title. You should also show your valid driver’s license, vehicle registration, car insurance, and proof of permanent residence. The car also needs to be not more than 12 years old. After all this, the loan approval takes only one hour, and the loan amount is released on the same day. Since the borrower continues using the car, the car title is left with the lender so a lien can be placed on it.
With no credit check title loans no credit checks are involved. It doesn’t matter if you have bad credit or no credit. This is because the loan is already secured by the collateral. Interest rates are the lowest when compared to other unsecured loans or short term loans. This is because much lower interest against the closest competition can be offered. Loan payment terms are the longest that can be offered at 7 years. No early payment penalties will be charged should the loan be paid off early.
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.