Last Updated on January 16, 2026 by Alice

Secured loans vs. unsecured loans

As far as obtaining money on the loan is concerned, one must be aware of two types of loans that can be undertaken, that is, secured loan and unsecured loans. The various types of loans have dedicated money requirements and have their advantages

Secured- A secured loan is a loan that is secured (guaranteed) with a collateral, an asset belonging to you (own house, or car, or savings account).Secured loans have lower interest rates, a higher limit, and have longer repayment options. Typical secured loans are mortgages, auto loans and home equity lines of credit (HELOCs). They are most suitable in case a person wants a large sum of money borrowed, and he/she has pledgeable assets.

Conversely, there is no collateral that is needed to obtain an unsecured loan. It is mainly approved depending on your credit rating, your income and financial background. They are, however, quicker to set up and do not hold your assets in jeopardy in the event that you fail to pay. Unsecured loan examples are personal loans, credit cards and student loans. Such loans are ideal where the borrowers have good credit, but where they require immediate access to funds to finance items, such as debt consolidation, medical expenses, travel or remodeling of the home.

Bad credit, no credit, no problem at all

You can be approved on a Fast cash loans Lethbridge in as soon as one hour regardless of bad credit or no credit history at all. There is no need of credit checks since the loan is held by the vehicle you own. All we do is to values your car and find out your loan value by evaluating its market value at the time of the loan. Quick. Secure. Hassle-Free.

Your car qualifies using the value of your car, not your credit rating with our car title loans based on equity. So, you may be handling an emergency, an overdue Clinton County medical bill, or you simply want easy access to ready cash – our application process is lightning quick, safe and credit inquiry-free.

1. No credit history needed
2. Quick processing-in many cases within 1 hour
3. Continue driving your car
4. Flexible payment plans

Secured loan requirements

The only requirements you should meet to get a no credit check loan Alberta are such a lien-free car title, a document proving that you permanently live in a particular place, and a valid driver license. You do not need a credit history or long application procedure. The repayment terms of these loans are flexible with maximum period of 4 years and therefore, they would serve the best example to borrowers who would like to enjoy interest rates with manageable monthly payments. As one of the lowest interest rates in the sector, title loans provide payments as small as $97 per month, thus being an affordable funding solution, especially when the credit score is bad or even non-existent.

To know more about the  bad credit car Loans Lethbridge, Alberta, communicate with Instant Cash Canada in case you need cash as a subprime borrower. With us your credit score will not be a considerations since relevant is the car title loan you require. You only have to call Instant Cash Canada today at 866-840-7395. Simply apply and our professional team will be promptly put to work and will do all the information gathering it needs to secure the loan you require.

Why Equity Loans Are Ideal for Borrowers with Bad Credit 

1. No credit check is required for borrowing loan.
2. Easy and quick loan process.
3. Lower interest rates.
4. Flexible repayment plans 

What You Need to Qualify

1. Driving license should be valid 
2. Residency proof 
3. Full Title of your vehicle
4. The ability to bring your vehicle for inspection.

Why Choose Us

There is no form of finance that is more important than the need to find fast, flexible, and fair finance; fast, flexible and fair finance with bad credit or no credit is even more critical, the solution you can trust. 

Here is why more borrowers in Lethbridge, Alberta are approaching us:

1. Your vehicles value is enough for us to qualify the loan 

2. Our process is fast and hassle free and we provide funding within the same day after the loan is approved.
3. You can fully use your vehicle throughout the loan 
4. You can flexibly repay the loan with different plans 
5. No hidden charges.

Final Thoughts

Auto Equity loans in Lethbridge, AB are one of the best and stress free ways to access funds quickly when one is experiencing credit challenges. It is easy to understand why a growing number of borrowers are increasingly turning to this source of funds as it offers fast approvals, flexible terms, and has no reliance on the credit score.

Want to look at how much you can borrow on your vehicle? Call and find out today how an equity loan can help you get caught up in your own financial future.