1-877-804-2742
How do collateral vehicle title loans work?
With collateral equity loans, the lender inspects and appraises the price of your car based on its true market value and then gives you a loan based on what your car is worth. The lender then holds on to the car title as collateral until your loan is repaid.
Who qualifies for collateral vehicle title loans?
You will be required to fully own your car because the car serves as collateral. Other requirements will include a valid driver’s license and proof of permanent residence. Of course the car title needs to be lien free to serve as the real collateral that will be left with the lender.
What is the time period given for the loan?
Collateral vehicle title loans give the longest and most flexible loan payment terms up to 4 years, unlike short term loans or unsecured loans that only offer 30 to 60 days.
The lowest interest rates
Interest rates for no credit check title loans are the lowest in the whole lending industry and the lowest even when compared to unsecured traditional loans and short term loans. Payments can be as low as $97 per month. In case the loan is fully paid earlier than the set repayment term, no early payment penalty will be charged.
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.