The pink slip is known as the Certificate of Vehicle Ownership or sometimes called the vehicle title. This can serve as collateral for collateral fast cash loans because all the lender holds on to is this title while the loan is active.
Why a collateral car title loan?
- It does not require any kind of credit rating. Thus, no credit checks are needed.
- Loan approval is fast in just one hour.
- Owner has the benefit of keeping the car while repaying the loan.
- The money is made available one the same day once the application is approved.
Loan amount is based on the car’s true market value
Collateral car title loans are based on the present blue book or true market value of the car. Other factors include:
- Make, model, and year of make.
- Overall vehicle condition.
- Total mileage of the car.
Very low interest rates and longer terms
When it comes to interest rates, no credit checks title loans offer the lowest rates in the lending industry and the lowest when compared to unsecured loans or short term loans. Payments can be as low as $97 per month. You continue using the car while repaying the loan on repayment terms that are the longest and most flexible ever.
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.