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Fast Cash Edmonton Alberta Compared to Other Traditional Loans Will Always Fare Better

May 6, 2016

Unsecured bank loan – Banks offer personal loans with very high interest rates. The benefit of a bank personal loan is the set number of months laid out but will not be more than 1 year.

Short term loans such as payday loans – Payday loans also charge very high interest rates and terms only last 2 to 3 weeks at the most.

Car pawning – The disadvantages of car pawning are that you need to leave your car with the car pawnbroker while paying your loan and the interest rates are very high.

Collateral car title loans are easy to apply for

Fast cash loans are based on equity so you will be required to own your car outright. Other requirements may include proof of residence, a valid driver’s license, and the lien free car title because this is left with the lender as collateral while you continue using the car.

Lower interest rate and longer payment terms

Collateral car title loans carry longer payment terms that are flexible up to 4 years. Interest rates are also the lowest in the lending industry or when compared to the abovementioned loans. Payments can be as low as $97 per month.

More benefits

No credit check title loans are secured by the collateral so no credit checks are required. If the loan is paid off early no early payment penalty will be charged.

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.