Collateral vehicle title loans allow you to use a fully owned car and car title as collateral in exchange for cash.
Collateral equity loans only need a fully paid and owned car and the car title should have no liens on it. The lender determines the loan amount after inspecting and appraising the car for its true market value. Once the loan is approved in one hour, the loan is released on that same hour. You can borrow as much as $25,000.
Little paperwork needed
To apply for collateral car title loans, all you need to present is your valid driver’s license and proof of permanent residence. The car title is left with the lender as collateral and returned when the loan is fully repaid.
Bad credit has no effect on the loan approval
Whether your credit is bad or you don’t have any credit history at all, it won’t have any effect on no credit check title loans. This is because the loan is already secured by the collateral. Once the car title is left with the lender, the borrower can continue using the car during the time the loan is being repaid. No early payment penalty will be charged if the loan is paid off early.
Lowest interest rates
Collateral auto title loans hold the lowest interest rate in the whole lending industry so you can expect to pay as low as $97 per month. Loan payment terms are the longest and most flexible you will ever experience.
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.