What is equity?
Equity is simply the true market value of any fully owned vehicle. It is this equity that becomes the loan amount that is given to you after the collateral quick cash loans are approved in one hour. Based on this true market value the loan amount can be as much as $25,000.
What is collateral?
Collateral is an asset or something of value for the lender that you allow the lender to have a claim on for a loan. Your car and the lien free car title becomes the collateral for collateral car title loans. However, all you leave with the lender as collateral is the car title as you can continue using and driving your car while paying off the loan during the course of the loan term.
What is the interest rate for collateral vehicle title loans?
Interest rates for no credit check title loans is the lowest in the lending industry and the lowest when compared to unsecured loans and short term loans. Payments can be as low as $97 per month. Credit checks won’t matter with the loan approval so no credit checks are ever done. Loan payment terms are adjustable and the longest that can be offered. Should the borrower pay off the loan early, no early payment penalty will be charged.
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.