Collateral quick cash loans are secured loans that require a fully owned car as collateral. With the car comes the car title that must be lien free. The car title is left with the lender and a lien placed on it. The lien is removed when the loan is repaid in full. This is the best loan to take out for emergency or urgent payments.
How does the loan work?
You can easily apply for collateral car title loans. Of course, aside from your online application, you need to show:
- Your car for inspection and appraisal for its true market value. This determines the loan amount up to $25,000.
- A lien free car title.
- A valid driver’s license.
- Proof of permanent residence.
Lowest interest rates
No credit check title loans have the lowest interest rates when compared to short term loans and unsecured bank loans. They are the lowest in the whole lending industry. Payments can be as low as $97 per month. Even if you have bad credit or no credit it won’t matter with the loan approval because the loan is approved in one hour after the inspection and appraisal of the car. The collateral secures the loan.
Loan payment terms
Loan payment terms are the longest and most flexible ever. Poor credit is no issue because the loan is secured by 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 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.