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Common FAQ’s on Equity Loans Airdrie Alberta

May 16, 2016

How do you qualify for collateral car title loans?

You qualify for collateral equity loans if you are at least 18 years old, fully own a car with your own car title that has no outstanding liens on it.

What documents do you need to apply for a collateral vehicle title loan?

Basically, you need to provide the following:

  • A valid driver’s license.
  • The car itself for inspection and appraisal for the true market value that is standard for collateral vehicle title loans.
  • Proof of permanent residence.
  • The car title.

How much can you loan for your car?

The amount and maximum cap will depend on the assessed true market value of the car. You can borrow as much as $40,000.

Will a collateral vehicle title loan affect credit history?

No, because credit ratings have no bearing on the loan approval of no credit check title loans. However, a fully paid up collateral loan will greatly improve your credit rating.

Can you settle the loan earlier?

Yes. Lenders normally allow this with this loan. The lender will not charge an early payment penalty fee if the loan is paid off early.

What about interest rates and payment terms?

Collateral auto title loans have the lowest interest rate in the lending industry. Payments can be as low as $97 per month. Payment terms can range as much as 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.