You need to be a permanent resident in your area for at least a year and over, and at least 18 years old to own a fully paid car with its own car title that should be lien free.
The documents to submit
- A valid driver’s license.
- Lien free car title – this is left with the lender as collateral so the lender can place a lien on it until the loan is fully paid and the lien is then removed.
- Proof of permanent residence.
The loan amount
Based on the appraised true market value of the car, collateral vehicle title loans allow you to borrow as much as $25,000.
Bad credit or no credit no problem
Collateral car title loans are approved in one hour regardless of bad credit or no credit. No credit checks are done because they have no bearing on the loan approval.
Much lower interest rate can be offered against any offer from the closest competitor. This makes no credit check title loans the lowest interest rate in lending industry. Payments can be as low as $97 per month.
Loan payment terms
Repayment terms are the longest and most flexible that can ever be offered for this type of loan.
Early loan settlement
If the loan is paid off early, no early payment penalty will be charged. Once the loan is fully paid, the lien on the car title is removed and the car title is returned to the borrower.
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.