1-877-804-2742
How do collateral vehicle title loans work?
Collateral car title loans works well with any borrower with a fully owned car as collateral because:
- You only need to bring in your car for inspection and appraisal for its true market value to determine the loan amount.
- You only need a lien free car title.
- You only need to show your valid driver’s license and proof of permanent residence.
Depending on the car’s true market value and what the borrower really needs up to the full value of the collateral can be borrowed. When the loan is approved in one hour the lender can give the loan amount on the same day while holding on to the car title. Loan payment terms for collateral vehicle title loans are the longest up to 4 years.
How much interest rates are applied?
Much lower interest rate can be offered against the closest competitors out there. Payments can be as low as $97 per month.
Other benefits to consider
When you apply for no credit check title loans the lender does not need to do any credit checks. So you can have the worse credit in the land or have no credit at all but this will have no bearing on the loan approval. You also get to keep driving your car while repaying the loan since the loan is already secured by the collateral.
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.