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Pink Slip Loan — a solution to financial crisis

By Malcom Baker Subscribe to RSS | August 16th 2012 | Views:

For settling various issues in life, we opt for loan. In fact, availing loan has become a part and parcel of our lives. We need to avail both short and long term loans. Various financial houses and banks offer you long term loans; but all such loans are strongly purpose oriented and full of conditions that we need to abide by. The short term loans are really difficult to obtain. To source out such loan is a tough task. In our real life, we very often face situations that call for immediate arrangement of small funds and we get puzzled. In such a situation, pink slip loans come as a boon for us.

To avail pink slip loan is extremely simple. Your car lends you support to get such kind of a loan. The title of the car needs to be used temporarily and that enables you to get short term loan. In pink slip loan, on date valuation of your car determines the amount of loan you are entitled for. The valuation of car is done through bank in the most transparent ways, almost immediately. There are some government approved valuation processes and banks truly follow that. The process is extremely easy to understand; anybody will find it comfortable to follow. Some pertaining issues such as car model, engine condition, body condition and so on are taken into account for valuation of car. After valuation of car, bank issues you a pink slip. Such pink slips are entertained for pink slip loans. The entire arrangement is done by the authorized financial houses dealing with the pink slip loan.

A loan amount of even 100 Dollars is made available. Students normally go for such low amount of loan. A loan up to 3000 Dollars against each car you hold is well within the limit. From small loan point of view, this a wide range and have reasons to be satisfied. The pink slip loan process is very fast and makes you free from all the anxieties that you are bearing with.

You are at liberty to use your car during the course of loan repayment. This is one of the most attractive parts of pink slip loan. In fact, such loans will not bring any inconvenience in your normal life. Pink slip loans do not put any condition on the way you wish to spend the amount you have borrowed. To get such loans, you are required to submit your car insurance document. Your address proof and self identity documents are also required. They never load you with unnecessary formalities. You credit rating is also not a factor. The interest on loan is also governed by the government rules. All these go totally in favor of the borrowers. It is a true solution to your fund scarcity in the moments of crisis.

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