Collateral quick cash loans are secured loans for an amount of money for a loan term that is the longest that can be offered. To obtain the loan, you give the lender the car title to your fully owned car as collateral.
How do collateral vehicle title loans work?
For collateral car title loans, you only need to show the lender the following:
- Your car for inspection and appraisal to determine the loan amount. You can borrow up to $25,000.
- The lien free car title.
- A valid driver’s license.
- Proof of permanent residence.
Inspection and appraisal is very necessary as you only leave the car title with the lender and continue to use the car while repaying the loan.
The lowest interest rates in the land of lending
Interest rates for no credit check title loans are the lowest in the lending industry and the lowest when compared to short term loans and unsecured loans. Payments can be as low as $97 per month. No credit checks need to be made by the lender because the loan is already secured by the collateral. Even if you’re facing really bad credit or simply that your credit is non-existent, you have nothing to worry about because the loan will always be approved so long as the collateral is there.
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.