Collateral vehicle title loans are secured loans backed by your fully owned car that serves as collateral.
Since you can’t leave your vehicle with collateral fast cash loans, you need a clear and lien free car title as the collateral to leave with the lender.
Collateral vehicle title loans don’t need credit checks
Collateral car title loans are secured loans so bad credit or no credit will not matter with the loan approval. This is because the secured loan is backed by the collateral. This means both the lender and borrower have a lower risk with the loan.
Loan approval and cash release is fast
These loans allow borrowers to get approved in one hour and with the lowest interest rates in the lending industry. Monthly payments can be as low as $97 per month. Unsecured loans and short term loans are notorious for having the highest interest rates that almost triples the loan amount. No credit check title loans have the longest and most flexible repayment period terms that can be up to 4 years.
What you need to prepare
You only need the car itself for inspection and appraisal for the loan amount, the car title, your valid driver’s license, and proof of permanent residence. Up to $25,000 can be borrowed. When the loan amount is released in one hour, the borrower even gets to continue using the car while repaying the loan.
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.