Equity Loans Lacombe Alberta is a Much Better Option for Financial Emergencies

August 31, 2016

What can you do if your bad credit is keeping you from applying for unsecured bank loans or short term loans? You can take out collateral equity loans, the best way to get some emergency cash since no credit check is ever done by the lender.

How do collateral vehicle title loans work?

With collateral vehicle title loans the lender determines the loan amount based on its true market value, up to $40,000. The lender holds on to the car title and places a lien on it until the loan is fully repaid. After the car is inspected and appraised the borrower only needs to show a valid driver’s license and proof of permanent residence. After all this is done and submitted, the loan is approved in just one hour.

Who qualifies?

No credit check title loans are based on collateral equity so this means the loan is already secured by the collateral that qualifies the borrower for the loan. Even if the borrower has bad credit or no credit this has no bearing on the loan approval. No credit checks are done or needed. Even while repaying the loan the borrower is allowed to continue using the car until the loan is fully repaid, the lien lifted, and the car title returned to the borrower.

Interest and Repayment Term Period

Interest rates for this loan are the lowest in the whole lending industry and when compared to other unsecured loans and short term loans. Payments can be as low as $97 per month. Loan repayment terms are the most flexible and the longest up to 4 years. No early payment penalty will be charged if the loan is fully paid early.

For more information about collateral car title loans in Lacombe Alberta, 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.