Blog

Car Title Loans St. Albert Alberta Only Needs Minimal Requirements and Approval Comes in an Hour

April 8, 2016

You bring in your fully owned car for a detailed inspection and appraisal to determine the true market value that will be the basis for the loan amount. You can borrow as much as $40,000. When the loan is approved you simply leave the car title with the lender that serves as collateral for collateral vehicle title loans and drive off with the car.

Collateral vehicle title loan minimal requirements

To apply for collateral car title loans, you must be at least 19 years old and therefore, have your own valid driver’s license. Your car title must be lien free and with no outstanding loans on it. You may need to show the vehicle registration just to show the lender that the vehicle is up-to-date in its registration. You also need to show proof of permanent residence. The car title is left with the lender so a lien can be placed on it by the lender.

The financial benefits

No credit check title loans need no credit checks because the loan is secured by the collateral. Interest rates for these loans remain the lowest in the lending industry and when compared to short term loans and unsecured loans. Payments can be as low as $97 per month. Loan payment terms are the longest and the most flexible at 4 years.

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.