Collateral vehicle title loans are not expensive because the interest rate is the lowest
Unlike short term loans or unsecured loans, collateral car loans have the lowest interest rates in the whole lending industry and are much lower even when compared to short term loans and unsecured bank loans.
The application process isn’t hard
All you do is bring your fully owned car to the lender and settle on an amount you’ll borrow after the car is inspected and appraised, based on the true market value of the car. The loan amount can be up to $25,000. All you then need to show is your valid driver’s license and proof of permanent residence. The car title is then left with the lender after the loan is approved in one hour.
Repaying the loan
Collateral car title loans are generally emergency loans with loans terms are the longest and most flexible ever. No repayment fees or early penalty penalties will be charged should the loan be paid off early.
Bad credit or no credit will not matter for the loan approval
Once everything is set and submitted, loan approval is just in one hour. Even if your credit standing is really bad or you have no credit history, it won’t matter with the loan approval. This is why these loans are sometimes called no credit check title loans.
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.