Car Loans Red Deer Alberta is Never High Interest Loans

November 28, 2016

If you are still paying high interest for unsecured bank loans or short term loans, you need to shift to collateral car title loans.

The market for short term and unsecured loans will soon be crashing down

Collateral car title loans are the new pitch because of the great benefits they bring to borrowers. But not many people are familiar with this loan because of too many aggressive ads that continually pitch for short term loans and unsecured bank loans. What the ads don’t tell you is that both carry up to 100 percent interest rates and loan approval is seldom if the borrower has bad credit. If a loan is approved, the interest goes up even higher.

Collateral car title loans have low interest and long terms

To lenders, there is almost no risk with collateral vehicle title loans because they are completely collateralized. This is why lenders can offer the lowest interest in the lending industry. Loan payments can be as low as $97 per month. Repayment terms are the longest up to 4 years.

No credit checks ever needed

A unique characteristic of no credit check title loans is that lenders don’t make any assessment of a borrower’s credit rating so they don’t run credit checks. Loans are approved after one hour so long as the collateral is in order and a valid driver’s license and proof of permanent residence can be presented. amount can be loaned based on the car’s true market value.

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.