Collateral car title loans are a special kind of subprime loan that is available to borrowers who have bad credit.
What do you need to get the loan?
In applying for collateral fast cash loans, lenders will inspect and appraised the car for its true market value to determine loan amount. The car title will also be inspected if it is lien free since this will be left with the lender as collateral.
No need for credit checks
Applying for collateral vehicle title loans does need proof of any income or any credit checks. This is because bad credit or no credit has no bearing on the loan approval. The loan approval is given in one hour because all that is appraised is the collateral’s value.
How much can you borrow from this loan?
The amount that you get will largely depend on the car’s true market value. Once the loan is approved in one hour the fast emergency cash is released on the same day as the approval. All that is needed for paperwork is a valid driver’s license and proof of permanent residence.
No more high interest and short terms
Just the opposite, no credit check title loans offer the lowest interest rates in the lending industry. Payments can be as low as $97 per month. Loan payment terms are long and flexible up to 4 years.
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.