To apply and get approved for Car Title Loans Halifax, the borrower must have a lien free car title, a valid driver’s license, and proof of permanent residence. With these minimal requirements a borrower can obtain a loan while still maintaining the use of the car. The loan can be processed and approved in one hour.

A borrower’s car title is enough collateral

Since Car Title Loans Halifax uses a borrower’s fully owned car and car title, the lender simply puts a lien on the car title until the loan is fully repaid and the lien is then removed. These loans involve very low interest rates, with payments as low as $97 per month.

Read and understand the terms and conditions of the loan

Check the payback dates and find out how low the interest rates are and the repayment terms. Normally, aside from the lowest interest rates offered by no credit check title loans, loan repayment terms are the longest up to 4 years.

Make sure you understand how the loan amount is determined

When you bring in your car for inspection and appraisal, the lender determines the loan amount through the car’s true market value.

You will always feel comfortable with the loan

Just reading about the benefits above gives great comfort to borrowers in need of emergency cash. What’s more, even if the borrower has bad credit, the loan is still approved based on the collateral because credit ratings have no bearing on the loan approval.

For more information about collateral car title loans, or if you’re a subprime borrower, get in touch with Instant Cash Canada. You credit history 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 toll free 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.