The collateral car title loan amount is based on the value of your car
The loan amount that you qualify for is based on the different factors of your car. Since your car will be the collateral, the car must be completely owned and paid for with no outstanding loans or liens on the car title. The loan amount will depend on the true market value of your car. Normally, collateral car title loans have loan amounts that are really huge.
Interest rates are always the lowest
Unlike short term loans and unsecured bank loans that have very high interest rates, collateral car title loans have the lowest interest rates in the lending industry. Payments can be as low as $97 per month.
Payment terms are long and flexible
Loan payment terms for no credit check title loans are the longest and most flexible up to 4 years. Should the loan be paid off early, no early payment penalty will be charged. The loan is approved in one hour after the car is inspected and appraised for the loan amount. The loan is approved with no credit checks needed because credit ratings have no bearing on the loan approval. All that is needed for paperwork is a valid driver’s license and proof of permanent residence.
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.