To qualify for collateral vehicle title loans, you just need to meet the following minimum criteria:
- The car must be fully owned and fully paid for by the borrower.
- The borrower must be at least nineteen (19) years old or older.
- The car title must be lien free, with no outstanding loans on it and the car.
- The car must be fully registered in the borrower’s name.
The minimum requirements to apply for collateral vehicle title loans are:
- A valid driver’s license.
- Proof of permanent residence.
- The car title.
- A detailed inspection and appraisal of the car vehicle for its true market value to determine loan amount. This can be up to $35,000.
No early payment penalty charges
The whole application process and approval can all be finished in one hour, and release of the loan amount in that same hour. There are no hidden fees anywhere and no credit checks are done for collateral car title loans because the loan is already secured by the collateral. No early payment penalties will be charged should the loan be paid off early.
Loans rates will always be the lowest
Interest rates for car loans are the lowest in the whole lending industry and far lower when compared to unsecured loans or short term loans. Payments can be as low as $97 per month. Loan payment terms can be adjusted to be as long as 5 years.
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.