Common Frequently Asked Questions Asked About Collateral Vehicle Title Loans Black Diamond Alberta

What are the most common frequently asked questions about collateral vehicle title loans?

Can I apply even if I have bad credit?

A bad credit or no credit will not matter when applying for collateral car title loans. Loans are processed and approved in one hour so long as the car title is lien free and the car is fully owned by you. No credit checks will ever be done.

How much can I borrow?

The loan amount will depend on the true market value of the vehicle. The vehicle will have to go through a detailed inspection. Between $1,000 and $25,000 can be borrowed.

What are the interest rates for collateral vehicle title loans?

Collateral vehicle title loans have the lowest interest rates when compared to unsecured loans or short term loans, and the lowest in the whole lending industry. Up to 70 percent lower interest rate can be offered versus the closest competitors out there.

How long is the loan payment term?

Payment terms are the most flexible starting at 1 year and up to 5 years.

Is there a penalty for early full payment of the loan?

No early payment penalties will be charged for paying off the loan earlier than the stipulated loan term.

Do I leave my car with the lender?

No, because no credit check title loans aren’t like car pawning. You can continue driving your car while paying off the loan. Once the loan is fully paid, the car title that served as collateral is returned and the lien on it is removed.

How long do I wait before the loan amount is released?

Once the loan is approved in one hour, you get the cash in that same hour.

Can I still get a loan without the car title?

All collateral auto title loans require the car title to serve as collateral. The lender can assist you to apply for a car title if you still haven’t gotten one.

Snap Car Cash is a leading collateral title lending company. This locally-owned and managed company has been helping in individuals with their finances offering collateral title loans for vehicles. They give borrowers a chance to get quick cash easily, with the lowest interest rates and loan payment terms from 2 years to 5 years. For more information about the company, its title loans and other services, call Snap Car Cash free at 1-888-886-SNAP (7627) and apply now or apply online.