Emergency car loans are an easy means for obtaining funds when the client really needs them. Car title loans are less of a headache if they are repaid on time. It has less paperwork and is more or less hassle free and the loans can be granted the very same day if the cash is ready. The amount is the resale value of the car. The amount granted is for a period of 1 to 5 years and the interest rates are usually high. These credits are a quick and easy way to finance any emergency .The only major condition that needs to done is that the client needs to be the owner of the car. The amount granted for these credits are ￡2000 to ￡50,000. No deposits are required for these loans. Bad credits like bankruptcy, arrears, defaults, late repayments are supposed to be the hindrances to qualify for a cheap car loan. However, at Cheap Car Loans, we provide bad credit car loans and bad credit used car loans to make things easier for bad credit holders. A student himself or herself can avail of these loans. These credits can be divided into two types. They are secured and unsecured. Secured car loans are available against any property and in collateral as a pledge against the advance. Such credits generally have a higher rate of interest. Unsecured credits are available without any property and in collateral as a pledge. These advances have comparatively lower rates of interest. One important thing has to be kept in mind regarding non- repayment of such advances. In such case, the lender may charge a nominal fee or may take a lawful action against the borrower. In case of secured car loan, your non-repayment could lead to acquisition of your car.