Blog

Car Title Loans Red Deer Alberta is the Best Solution for Financial Emergencies

August 9, 2016

Collateral vehicle title loans have the lowest interest rates in the lending industry and when compared to unsecured loans and short term loans. Unlike car pawning and other short term loans, this loan isn’t difficult to pay back because the loan payment terms are the longest up to 4 years.

Collateral car title loans only need collateral for security

Collateral car title loans are secured because the car and car title you fully own act as collateral, so long as the car title is lien free. This makes the loan secured so all you need to do is to have the lender inspect and appraise the car for its true market value to determine the loan amount. You then present your valid driver’s license and proof of permanent residence. You can borrow as much as $40,000.

No credit checks need to be done

The large benefit of no credit check title loans is that it won’t matter if your credit is bad. This is because the loan is already secured by the collateral and there is no need to carry out credit background checks. This makes this loan the best option and preference for people with bad credit ratings. Much lower interest rate can be offered against the closest competitor out there, making this the lowest interest rate in the lending industry. Payments can be as low as $97 per month. Payment terms are the longest up to 4 years. No early payment penalties will be charged if the loan is repaid early.

For more information about collateral car title loans, or if you’re a subprime borrower, get in touch with Instant Cash Canada. You credit score will not matter with us because what’s important is the car title loan you need. All you need is to call Instant Cash Canada now at 866-840-7395. Apply now and our dedicated team will immediately get to work and gather all the information necessary to get you the loan you need.