With collateral equity loans you need to put up your registered and fully owned car as collateral, with the lien free car title serving as the real collateral that you leave with the lender so you can continue using your car while repaying the loan.
Loan amount is determined by true market value
The lender will assess how much is the true market value of your car based on usage devaluation, year and make of model, and engine performance. Contrary to popular belief, collateral car title loans are not expensive. There may be other options such as unsecured bank loans or short term loans, but both carry sky-high interest rates.
Applying is easy and approval is in one hour
- Bring in your car for a detailed inspection and for appraisal. You can borrow as much as $25,000.
- Make sure the car title is lien free.
- Show your valid driver’s license.
- Show proof of permanent residence.
After approval in one hour, the lender gives you the money and keeps the car title as collateral. Loan payment terms are the longest to be offered.
How much interest rate is there with this loan?
No credit check title loans have the lowest interest rates in the whole lending industry and the lowest when compared to unsecured loans. Payments can be as low as $97 per month.
No credit checks and other benefits
Since no credit checks are needed, your bad credit has no bearing on loan approval. This is because the loan is already secured with the collateral.
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.