You can search the internet
All you need is to search the internet to find lenders of collateral car loans. In reality, this loan only needs a fully owned car and car title as collateral. The car title needs to be lien free to qualify as collateral. You can loan up to $25,000.
Spotless or bad credit will not matter
The most important factor to consider with this loan is that your credit will not matter whether it is near perfect or as bad as it can get. In fact, no credit checks are ever done by lenders because the loan is already secured by the collateral. All you need to submit aside from the car title that you leave behind with the lender while repaying the loan is a valid driver’s license and proof of permanent residence.
Longest payback period
No credit check title loans have repayment terms ranging from 1 year to 2 years. This is long enough and reasonable compared to short term loans or unsecured loans that are given only 30 to 60 days for repayment.
Having the lowest interest rates
By comparison, collateral car title loans have the lowest interest rates in the whole lending industry. The car and car title serve as collateral, and the borrower gets to keep driving the car while repaying the loan.
It will not matter what your particular credit situation is. Legitimate lenders such as Car Title Loans Canada will help you complete the paperwork and get your loan approved in one hour. You only get the best rate and the longest terms. At Car Title Loans Canada, we loan you money based on the value of your vehicle, not your credit score. Call Car Title Loans Canada Toll Free at 1-855-653-5451 and apply now. You can even apply online.