To apply for collateral car title loans you need to meet the following requirements and criteria:
- Your car must not be more than 8 years old.
- Your car must have no outstanding loan on it and the car title must be lien free.
- Your car must be fully owned and paid for.
- You must have a valid driver’s license.
- You must have proof of permanent residence.
Collateral car loans don’t require any credit checks. Car title loans are approved regardless of the borrower’s loan history because the loan is secured with collateral. So long as the vehicle qualifies, the loan is approved in one hour.
The only things pertaining to paperwork and documents are:
- The filled out online application.
- A valid driver’s license.
- Proof of permanent residence.
- The car title.
What are the usual terms?
Depending on the loan amount, the payment terms are the longest and most flexible. The loan can be as little as $1,000 and as high as $25,000 depending on the true market value of the car. You get to keep driving the car while repaying the loan. No credit check title loans are approved in just one hour and the fast cash is released on the same day as approval.
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.