Are you upset about the monetary issues that you are facing in your life because of the sudden and uncertain situations? Well, life is unpredictable and such situations can cause or put a person into stress. When one faces monetary crises one tends to seek help from friends and family but for how long can one rely on them for the same? Everyone needs cash and wants a backup for emergencies. If you are looking for a better option, you can rely upon or seek help from money lending institutions like Bad Credit Loans Red Deer and get instant cash on car. Yes, you read that right, you can get instant cash for your car by using the car as collateral. You must be wondering what kind of loan is this.
Cash on car is also known as title loan
A title loan is a kind of secured loan where a person gets instant cash in return for keeping his/her car as collateral. It is considered one of the best options to get instant cash. People often choose this loan for several reasons and the foremost reason is the benefits that one gets with this loan. One can easily get rid of all the tension and stress with the help of this loan and also say goodbye to monetary issues. Well, let us have a look at why is this loan considered to be the best and what are the benefits that one gets with this loan.
Benefits of getting cash on car
No credit check
Well, with banks and other money lending institutions one has to show the credit history and they also check the same so as to make sure that the borrower will be able to pay back the loan amount. With us, you don’t have to worry about the same as we do not check the credit history of the clients. Your credit score has nothing to do with the loan. So, if you have a bad credit score then also you can apply for a loan with us.
No proof of income
If you are in between jobs or if you are finding better opportunities for yourself then also you can apply for a loan. We don’t check the job profile of our clients. With banks and other money lending institutions, it is not the same, they do perform a check on your jib profile to make sure that the borrower will be able to pay back the loan amount.
With us, you get the lowest interest rates in comparison to the market. Our interest rates are something that attracts our clients back to us no matter what. We offer the best interest rates to our clients in comparison to banks and other money lending institutions.
No penalty for prepayment
We don’t charge any fine or penalty for any prepayment. If you wish to make any prepayments you can because there is no fine for the same. There are several money lending institutions that charge a fine for prepayments but with us, you don’t have to worry about the same.
Simple and quick process
The process of applying for the loan and getting it approved is simple and quick. When the word loan comes to mind, several people think of the haste it brings with it but when it comes to applying for the loan with us, you don’t have to worry about the same. We have a simple and quick process for the loan. With the minimal document requirements, you will be able to apply for the loan and get approved. There is a list of a few documents that you will be required to present at the time of filling an online application form, the list includes the following
You will be required to present the proof of legal age as per your province.
Proof of your car, i.e. the vehicle should be registered under your name.
Proof that the vehicle is lien-free.
You will be required to present proof of your permanent residency.
Proof of insurance of your vehicle.
You will be required to present your Canadian driving license.
The vehicle that you will be keeping as collateral should not be older than 10 years.
These are a few documents that you will be required to present at the time of applying for the loan.
One of the foremost advantages of applying for a loan is that the approval of the loan happens the same day the loan is applied. Banks and other money lending institutions take days or even months for the loan approval. But with us, you don’t have to worry about it. You will get the cash in hand the same day you apply for the loan with us.
These are the benefits of applying for a loan with us. With cash on a car, you can get rid of your financial crises and stay ahead of your immediate situations with this backup.
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