Car Title Loans At 70% Lower Interest Rates

Fast Cash Loan Sylvan Lake Alberta

Car title loans, also known simply as title loans or pink slip loans, are among the most common forms of financial assistance that any person can avail of today. Basically, vehicle title loans are a type of secured loan that enables the borrower to offer their car titles as collateral for an amount of money they owe to the lender. The entire application is simple. No credit checks and income verification are needed. However, the borrower must agree to having a lien placed on their vehicle titles. Aside from that, they are also required to surrender the car title before they are able to receive the loaned amount. They will be able to get it back only after the entire amount has been paid off. If the borrower fails to repay the entire amount within the given time frame specified by the lender, the vehicle will be repossessed and sold in order to pay off the client’s outstanding debt. For that reason, the loanable amount highly depends on the condition of the vehicle that is being used as collateral.

What You Need to Consider Before Applying

Much like everything else, you still need to understand the nature of the loan and be acquainted with the terms and regulations imposed by the lender before you fully commit yourself to obtaining the loan itself. Read the contract first and check how the interest rate is calculated. Also, be wary of the time period regarding the calculation of such interest rates. Technically, an interest rate of 3% is actually quite bearable. But then, having a monthly interest rate of 3% means you’ll be paying an additional 36% of the total amount loaned at the end of the year. If you don’t want to be burdened by this amount, then you have to make it a point to pay your dues on time. The sooner you finish paying off what you owe the better. Another thing to check are the penalties imposed for any later payments. The rules vary from one lender to anther so you have to check with them first.

You can know more about car title loans and other services if you call Real Car Cash Loan toll free at 1-877-304-7344. This is an online-based collateral lending company trusted by an increasing number of clients nationwide. They are well known for their competitively low interest rates and sensible payment terms. Call them now or apply online and settle your financial problems once and for all.

Car Title Loans Specialist

Call us at 1-877-304-7344

1) Our payment are as low as $97 per month

2) During the loan, you get you keep your car

3) You can pay out your loan anytime without any

penalties

4) Your can borrow up to $25,000 depending on the value of your vehicle

5) You can choose a 1 year or 2 year term loan.