Getting a collateral vehicle title loan is one way to get fast cash in case of emergencies and you find yourself short on money.
The way a collateral vehicle title loan works is that you put up collateral for the loan. The collateral is your fully owned and paid for car and its car title. You only need to leave the car title with the lender since you get to keep using your car while repaying the loan.
Qualifying for a collateral vehicle title loan
Collateral car title loans are based on the car’s true market value after inspection and appraisal. Other requirements include proof of residence and a valid driver’s license. You need to bring in your car for a thorough inspection and appraisal. You can loan up to $25,000 based on this.
Interest rates are the lowest
Unlike unsecured loans or short term loans that carry astronomical interest rates at very short payment terms, collateral vehicle title loans have the lowest interest rates in the whole lending industry. Payments can be as low as $97 per month. The reasonable payment terms are the longest and most flexible.
Other benefits of collateral vehicle title loans
No early payment penalties will be charged should the loan be paid off early. No credit check title loans are also secured by the collateral so no credit checks need to be done.
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.