Collateral equity loans are loans that use any fully owned vehicle as collateral. The lender holds on to the vehicle title while the loan is being paid off during the payment term. The borrower is allowed to continue using and driving the vehicle.
Credit history and employment status will never matter
Collateral vehicle title loans never takes into account your credit report or your employment status. Any person holding a current car title is eligible to apply for the loan. The car is inspected and appraised to determine the loan amount based on present true market values.
The full benefits of collateral vehicle title loans
Interest rates for no credit check title loans are the lowest in the lending industry and the lowest when compared to other unsecured loans. Payments can be as low as $97 per month. Loan repayment terms are never short term because they are long and flexible up to 4 years. Once your loan is approved in one hour and you get the quick cash on the same day as the approval, you can continue using the car and keep driving it even while paying off the loan during the loan term. All these benefits are missing with car pawning, short term loans, and unsecured bank loans.
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.