You can get a car title loan in Camrose Alberta by using your car as collateral and you even get to keep driving it. These collateral bad credit loans are simple because anyone who fully owns a car and lien free car title can get a loan for up to the car’s true market value. The lender simply places a lien on the car title until the loan is fully repaid, of which the lien is then removed.

Low risk loans

Collateral vehicle title loans don’t have to charge so much or offer short terms because the loan is low risk and secure because of the collateral. Unlike unsecured bank loans and short term loans that are high risk because they are based on credit ratings, a collateral auto title loan is not covered by any credit rating. No credit checks are ever made for the loan approval

Collateral vehicle title loans only need minimal

No credit check title loans only ask for the bare minimum in requirements like your valid driver’s license, inspection and appraisal of your car, proof of permanent residence, and the car title should be lien free. Interest rates are the lowest in the whole lending industry and the lowest when compared to unsecured bank loans and short term loans. Payments can be as low as $97 per month. Loan payment terms are reasonable, flexible, and the longest up to 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.