Car Loans Grande Prairie Alberta Only Need a Fully Owned Car as Collateral

August 15, 2016

Collateral car loans use your car title and fully owned car as collateral in order to be able to get a loan. These loans are the perfect answer for those financial emergencies.

Repaying collateral vehicle title loans

Since collateral car title loans are categorized as secured loans, you repay the loan within a flexible payment terms that are the longest up to 4 years. Maximum amount can be borrowed based on the car’s true market value.

Collateral vehicle title loan interest rates

Unlike short term loans with extremely high rates, no credit check title loans are secured and have the lowest interest rate. Much lower interest rate can be offered against the closest competitor offer out there. Payments can be as low as $97 per month. The loan is approved and granted regardless of the borrower’s credit rating, so no credit checks are ever done.

Very minimal requirements

A major fear with loans is that of having to submit so much paperwork and having a long waiting period. On the contrary, once the car is inspected and appraised for its true market value, the car title is lien free, and the borrower just shows a valid driver’s license and proof of permanent residence, the loan is approved in one hour. No long waiting periods and no red tape or unnecessary double submission of paperwork requirements.

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.