The benefits of using collateral vehicle title loans are plentiful when compared to other forms of loans.
There was a time before when those searching for loans because of an urgent money crisis would turn to short term loans or unsecured bank loans even with the sky high interest rates. Now, those who need a real loan immediately can turn to collateral car title loans. This is the best answer for urgent emergency cash. For a Title Loans Cochrane Alberta, all you need is your fully owned and paid up car to serve as collateral for the loan. The car title also serves as collateral and is left with the lender rather than the car itself.
The benefits of getting a collateral vehicle title loan
One important benefit from Title Loans Cochrane Alberta is that credit checks are not required by the lender even if the borrower has bad credit or no credit because the loan is already secured by the collateral. Interest rates are the lowest when compared to other unsecured bank loans and short term loans. They are the lowest in the whole lending industry. Up to 70 percent lower interest rate can be offered versus the closest competitor out there. Payment terms are the most flexible and can start at 1 year and up to 5 years.
The entire process of getting a collateral vehicle title loan takes only one hour
All the borrower needs to do is to show any proof of permanent residence, a valid driver’s license, the loan application, the lien free car title, and of course the car itself for a detailed inspection to determine the loan amount based on the vehicle’s true market value. Once this is determined the borrower can borrow $1,000 and $25,000. The borrower doesn’t have to wait for days for the loan approvals since no credit check title loans are approved in one hour. The minimal requirements helps the borrower to get the loan without additional hassles.
At Snap Car Cash, we loan you money based on the value of your vehicle, not your credit score. That means that you have fast access to cash whether you have bad credit or no credit at all. Call Snap Car Cash free at 1-888-886-SNAP (7627) and apply now or apply online. You’ll speak with a member of our dedicated team and see how Snap Car Cash can help.