Here’s how a collateral car title loan works:
- You need a free and clear car title and this means no liens on it. The lender places a lien on the title and removes it when the loan is fully repaid. The car title serves as the collateral left with the lender.
- The year, make, and model of your car, and its condition determines the loan amount based on its true market value after inspection and appraisal.
- Collateral vehicle title loans are long and flexible up to 4 years.
- You get loan approval in one hour after you qualify and show a valid driver’s license and proof of permanent residence.
- You can continue driving your car while paying back the loan because the loan is secured by the collateral.
- Interest rates are the lowest in the whole lending industry. Payments can be as low as $97 per month.
- The loan amount borrowed for collateral car title loans will always be based on the car’s true market value.
Collateral vehicle title loans simply work
It’s the best way to solve a financial emergency when you’re stuck with no way out of those unfriendly and unexpected turns from out of nowhere. If you’re up to your ankles in them, no credit check title loans will let you get your head in the game when your stress level is running on overtime. It’s a perfect match for people with bad credit since no credit checks are needed.
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.