When applying for collateral vehicle title loans, you get fast approval in just one hour. The loan amount will depend on the inspection and appraisal of your vehicle based on the vehicle’s true market value.
No credit checks are done
Whether your credit rating is bad or none, no credit checks will be made with car title loans Mississauga Ontariobecause the loan is already secured by the collateral which is your vehicle and vehicle title. Just make sure that the vehicle is fully paid off and the vehicle title has no liens on it.
Lower interest rates and better loan terms
No credit check title loans have the lowest interest rates in the lending industry and even lower when compared to unsecured loans and short term loans that are both known to have astronomical interest rates. Payments can be as low as $97 per month.
You get to keep your car
While paying off the loan during the loan term of 4 years, the borrower gets to keep the car and keep driving it while paying off the loan.
What you need to prepare
All you need to prepare aside from the vehicle itself for inspection and the vehicle title to serve as collateral is your valid driver’s license and proof of permanent residence. Employment is not a requirement 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 or apply online.