Short on Your Wedding Funds? Apply For Car Title Loans Vancouver, BC, For Some Extra Cash

If you’re struggling with a short wedding budget, you might be tempted to seek ways to make up some lost funds. One option would be to apply for a loan from your local credit union. Another idea would be to get a traditional loan through one of the main lending institutions. With Car Title Loans Vancouver, BC, on the other hand, you can still get money rather quickly – and in a much more discreet manner.

How Do Car Title Loans in Vancouver, BC, Work?

Car Title Loans Vancouver, BC, work just like they do with other vehicles. All it takes is to submit an application detailing what kind of vehicle you want to use as collateral. Then, after submitting all your information online, one of the lenders will contact you about approving your loan request.

Car Title Loans can be approved within a matter of hours. Even people with bad credit can get the money they need with these loans. That is because you’re borrowing against an asset that is yours rather than taking out a traditional loan from one of the big banks or credit unions. With a traditional loan, you’ll be required to submit your finances for review and prove that you can meet the payments every month. With a title loan, all you need is a fully owned vehicle registered under your name and not older than 10 years.

What Are Some Advantages Of Taking Out A Car Title Loan?

There are quite a few benefits to getting a Car Title Loan Vancouver. First of all, you’ll get the money you need quickly. A lender can approve your loan in just a few hours and start making payments directly to your bank account. Title Loans have an approval time typically less than an hour, meaning you can get a loan and have it in your bank account within the same day of approval.

Another benefit of these loans is that they come with low monthly charges or interest rates. The APR ranges from 6.99% to 29.99%, meaning you can pay back the loan over a year or two without worrying about paying extra on the interest.

A third benefit of these loans is that they are completely reliable. Unlike a traditional loan, often repaid with interest, title loans are more of a cash advance on your car title. When you repay these loans, you’ll be given another contract. The loan will be repaid in increments, and you’ll have to pay a small fee for each payment.

Finally, title loans have a relatively high approval rate. That means you can get money quickly and with little hassle. All you need is a vehicle registered under your name which has been in your possession for at least six months.

What Do You Get When Applying For Bad Credit Car Loans in Vancouver?

1. Approval within an hour:

You can get an answer as soon as an hour regarding whether or not your loan will be approved. Like with other types of loans, you’ll want to provide information about your car and the loan amount you need. You’ll also need to provide information about your residence.

2. Speedy money:

Once approved for a title loan, the lender will typically transfer the funds you need to your bank account within a few hours. That’s much quicker than traditional loans, which can take weeks or months to be issued. It means you’ll have money in your bank account within 24 hours of applying for the loan and being approved for it.

3. Ease of repayment:

While interest rates can be as low as 9.99%, with a traditional loan, you’ll often be required to pay extra on the interest accrued in the loan contract. With a title loan, you won’t have to do that since you only pay for the principal amount of the loan and the interest charged. Your monthly payment would be lower than $100.

4. Access to people with bad credit:

Banks often deny loan applications from people who have poor credit ratings. However, title loan lenders don’t care about your past financial mistakes. If your car is worth at least $2,000 and you have proof of ownership, they’ll be willing to give you money as you can apply for bad credit car loans in Vancouver.

5. No credit check required:

Title loans don’t require you to go through a credit check. You’ll also get some money without having to get a cosigner, which can be much easier.

Conclusion:

With a Car Title Loan, you can borrow up to $60,000 without having a credit check, and without leaving your doorstep, you can apply online for a title loan in 10 minutes. The required documents are your ID and the current address of your car or truck. You need to be over 18 years of age and have vehicle ownership. Title Loans are secured by your vehicle title, meaning you don’t use a cosigner. The best part about applying for a vehicle title loan is you get to keep the vehicle during the loan term.