The paperwork required for unsecured bank loans is intimidating for people who have a limited amount of time to pay off their emergencies. In addition, waiting for approval can take several days or even weeks. Likewise, both unsecured bank loans and short term loans have interest rates higher than Mount Everest. This is never the case with collateral vehicle title loans.
Collateral car title loans only need collateral
With collateral car title loans you only need a fully owned car as collateral. You then leave the lien free car title with the lender so you can continue using the car while paying off the loan. The collateral serves to secure the loan and the car title is promptly returned once the loan is fully paid off. The car only needs to be inspected and appraised for its true market value. From this, the loan amount can be determined.
These loans are the best for quick cash
Interest rates are the lowest in the whole lending industry so much lower interest rate can be offered versus any close competitor out there. Payments can be as low as $97 per month. Payment terms are the most flexible and the longest up to 4 years. Applying for no credit check title loans isn’t hard because all you need is a valid driver’s license and proof of permanent residence. No credit checks are ever done for the loan approval.
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.