Your vehicle as collateral secures the loan
Unsecured bank loans and short term loans don’t make long term commitments. On the other hand, collateral fast cash loans are all based on the car’s true market value. No credit checks are needed to be done by the lender because the loan is secured by the collateral. The collateral simply needs to be a fully owned car and the car title must be lien free.
Easy processing for the loan
Collateral car title loans have the easiest loan processing necessary. All you need to prepare is the lien free car title, your valid driver’s license, proof of permanent residence, and bring in the car for a detailed inspection and appraisal to determine its true market value for the loan amount. You can borrow up to $25,000 based on this.
Greatest benefits from the loan
No credit check title loans have the lowest interest rates even when compared to unsecured bank loans or short term loans. In the whole lending industry, interest rates are the lowest. Payments can be as low as $97 per month. Repayment terms are the longest and most flexible. You even continue to use and drive your car while repaying the loan. Only the car title is left with the lender to serve as collateral until the loan is fully repaid.
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 1-866-973-5214 and apply now. You can even apply online.