Kelowna BC Vehicle Title Loans
When you’re in need of instant cash and want a secured loan option that won’t cause you to risk losing your home, a car title loan is your next best choice. These loans are the only types of loans that are low risk for both the borrower and the lender, giving you a low interest rate without requiring you to put your home up as collateral.
Car title loans allow you to secure a loan off of your car’s value, allowing the investment you’ve made into your automobile work for you. You can still drive your car as needed while you’re paying back your loan, and because it is a secured loan, your interest rates are low even with bad credit.
Less Paperwork
Unlike home loans, which require a considerable amount of paperwork, car title loans can be received very quickly. You simply need to prove that your car has value, request the loan amount that you need, and sign the title over to the loan provider. You can continue to drive the car while you pay back the loan and once the loan is paid the title is given back to you.
Less Risk
Perhaps the greatest benefit of these loans is that they are less of a risk than a home loan, while still providing you a similar value. While you should always pay off any loan on time, there is added security knowing that your secured loan is not based on your home– reducing your stress during these tough financial times.
Decent Loan Amounts
With credit cards and payday loans, the amount you can borrow is often fairly small. With car loans, the value you can borrow is based on the value of your car. The more valuable your car, the more you can borrow if you need it. This is a considerable advantage for those that need a little bit more than short term lending options will allow.
Vehicle Title Loans in Kelowna BC
When you have bad credit it can be difficult to find a loan that works for you. But secured loans with a reputable company like Pit Stop Loans can make it easier, by giving you an opportunity to still receive a low interest rate along with a large loan amount to help you meet your financial needs. Call us now toll-free at 1-800-514-9399 or apply online. If you want to learn more about our quick application process visit our “How it Works” page.