1-877-804-2742
There are more pros and benefits when you apply for a collateral vehicle title loan, and no disadvantages at all.
No credit checks are done with collateral car title loans
Collateral car loans work by putting up a fully owned car and its car title as collateral for debt security in order to keep the loan secured. There is really no need to have credit checks done because of this. No matter what credit condition the borrower is into this enables anyone with a fully owned car to get a loan they may need. Once the car and car title are submitted for inspection and appraisal for its true market value to determine the loan amount, the loan is approved in one hour.
You can still keep driving your car
Another big advantage of collateral vehicle title loans is that even though you are putting up your car title as collateral you can still keep your car and drive it while repaying the loan. All you need to show for the loan as paperwork is your valid driver’s license and proof of permanent residence. Loan payment terms are the most flexible and the longest up to 4 years.
The interest rate is very low
No credit check title loans charge the lowest interest rates in the whole lending industry and when compared to other traditional unsecured loans and short term loans. Much lower interest rate can be offered against the closest competitors. Payments can be as low as $97 per month.
Car Title Loans Canada is a leading collateral title lending company. This locally-owned and managed company has been helping in individuals with their finances offering collateral title loans for vehicles. They give borrowers a chance to get quick cash easily, with the lowest interest rates and loan payment terms that are flexible and the longest. For more information about the company, its title loans and other services, call Car Title Loans toll free at 1-877-804-2742 and apply now or apply online.