1-877-804-2742
You must have heard about collateral loans before? This is where you use some sort of asset as security with the lender to get a loan. These things are very common and have been in existence for centuries. There were times when the lender was able to hand over the cash to the borrower that very instant. Then came times when a lot of security checks were done to ensure that borrower meant right when asking for money. Now with the advancement in technology, new and better financial tools are coming up to help the financially distressed. The demand for loans is increasing day by day as we keep advancing towards a better standard of living. To meet the rising needs of day to day life, people are in search of loan options like Same Day Cash Collateral Loans.
These loans are a blessing for people in need of immediate cash. There could be many reasons for such urgent requirements. One might be late in paying the utility bills, or might be planning a vacation for the family, or even be caught up in some silly money crunch. For such immediate requirements, one cannot depend on banks. They can take forever to process, only to be left with late or no money at all. Banks and other traditional institutes have a strict way of processing loan requests. They need a credit score of more than 650* (*different banks have different credit score criteria) to even consider the loan request. Apart from this, they even peak at your job profile and credit records. A lot of things are kept in mind by these institutes. It has become tougher than ever to get a loan. But that’s not the case with same day cash collateral loans. First and foremost point of interest for the borrower is the same day processing and disbursement of the loan. The documentation for loan and collateral are processed the same day, in fact within hours. Car Title Loans Canada is an expert of these loans.
Getting to know them better…
For these loans, the borrower uses the title of his car as collateral to obtain funds. This means the title of the car is kept with us temporarily in exchange for the loan. The loan given is in the form of cash. You get to borrow cash and keep your car. Nothing could be more convenient and quick!. The following are some more points to keep in mind about same day cash collateral loans:
- Applicant can fill the online form within minutes.
- No job requirements
- Bad credit history is also not an issue while applying for these loans.
- No need to pay any early payment penalties or charges if you want to pay off the loan in full earlier than expected. You are free to close the account by paying the remaining loan amount when you want.
- Cash is given out to the applicant within hours of processing and verifying the loan.
- Interest rates are lower than what is available with our competitors.
- Loan payments are affordable and spread out into 4 year loan terms.
Minimum Requirements
A Same day cash collateral loan against your car title is your way out of your money problems like medical bills, utility bills, divorce and many more that come your way uninvited. One never really knows when a financial emergency can strike and uproot your routine and disturb your peace of mind. Opting for car collateral loan requires very basic documentation which a car owner normally carries all the time. Requirements include:
- A Canadian Driver’s License
- Proof of legal age based on their respective province
- Proof of permanent residency
- A fully paid off vehicle, no older than 8 years
- Registration and insurance papers of your vehicle in your name
- Clear lien-free title on your vehicle
- Second set of keys for your vehicle
Car Title Loans Canada deals with same day loans daily and has helped thousands of Canadians come out of money woes by providing timely loans. You also can solve your financial issues by using your car title as your way to get cash! Get in touch with us today to know more about Same Day Cash Collateral Loans. Call us at toll-free 1-877-804-2742 today or apply online.
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