If you are facing an unplanned situation that is not included in your budget like a car repair or an emergency health care you sure need immediate cash to overcome the problem. But it is clear that banks don’t lend cash loans instantly in a day or two as they have so many formalities to be fulfilled like doing a credit check, verifying your income and also strict loan terms that you can have to meet to have cash in your hand. But that doesn’t mean that all your options for instant cash loans are expired because you can still apply for the car loans victoria where they offer you instant cash within a day to meet any of your requirements using your car as collateral against the loan. However, that doesn’t mean that you have to keep the car idle but can still use it during the loan period as long as you make the repayments on time.
 

 
To avail the car title loans victoria there are no background credit checks as your car is your credit and also no job requirements to apply for the loan. But there are some prerequisites for the car loans victoria where you should own a car or any vehicle with a clear title in your name. You should also have a valid driver’s license and proof of car ownership. The value of the loan amount is determined by evaluating the market rate of the car which should be less than 10 years old to qualify for the loan. The vehicle must also be insured and registered in your name and you should also provide a proof of your residency as well as vehicles registration and insurance copies to process the loan.
 

 
So as you apply for the loan online a representative from the car loans victoria shall contact you and request you to submit the documentation that takes not more than an hour for you to complete. You are then scheduled to meet the representative who shall have a look at the vehicle to finalize the loan and hand you over the funds. You should remember that car title loans victoria are a bit expensive when compared to other loans due to the risk factor involved however you can still enjoy payments as low as $99 per month and there are no penalties for paying out the loans early. Any defaults may result in higher interest rates and a default that results in legal action.