There are 3 major reasons and benefits for borrowers to get a collateral vehicle title loan.
Credit checks will never be necessary
When you apply for collateral car loans, no credit checks are necessary because even if you have bad credit or no credit the loan is secured by the collateral and this is your fully owned car and a lien free car title. The lender simply inspects and appraises the car for its true market value.
Very minimal requirements
A great benefit for borrowers of collateral car title loans is that they are not required to submit so much of anything for the loan approval. As long as you fully own your car, the car title is lien free, have proof of permanent residence, have a valid driver’s license, and willing to bring in the car for inspection and appraisal, the loan will be approved with no fuss in just one hour. The best benefit is that you continue using your car while repaying the loan within the payment term that is most flexible up to 4 years.
Low interest and monthly payments
Interest rates are also the lowest for all no credit check title loans in the whole lending industry. Payments can be as low as $97 per month.
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.