With collateral car title loans you pledge the car title as collateral for the loan. The precise amount they give you will depend on the car’s true market value. People are often surprised that the interest rates on these loans are the lowest and they are the best option for people who have bad credit or no credit. The loan is approved within one hour of application.
What are the requirements to apply for this loan?
When taking out collateral vehicle title loans make sure that the car is fully owned and fully paid and the car title is lien free because the lender needs to place a lien on it. You must be able to show that you have a valid driver’s license and proof of permanent residence.
What happens if the borrower has bad credit?
Nothing. No credit check title loans don’t need any credit checks for the loan approval. This is because the loan is already secured by the collateral. In spite of bad credit or no credit..
Lowest interest against the competition
Payments can be as low as $97 per month. This makes collateral auto title loans the lowest interest rate in the lending industry. Loan payment terms are the longest and most flexible that can ever be offered.
It will not matter what your particular credit situation is. Legitimate lenders such as Car Title Loans Canada will help you complete the very minimal paperwork and get your loan approved in one hour. You only get the lowest 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.