If you still aren’t familiar with collateral fast cash loans, you might miss out on a loan opportunity when you need it the most. Fortunately, this type of loan will never take your bad credit into consideration.
Collateral loans are secure loans
Collateral car title loans offer more cash than other loans based on your car’s true market value. All you need as collateral is a fully owned car and its car title that should be lien free. The car title needs to lien free because a lien will be placed on it until the loan is fully repaid.
Better interest and payment terms
Most unsecured bank loans and short term loans must be repaid in 30 to 60 days. Borrowing is also limited to a few hundred dollars. No credit check title loans offer much lower interest rate against the closest competitor. Payments can be as low as $97 per month. Loan payment terms are the longest up to 4 years. No early payment penalties will be charged if the loan should be paid off early.
This loan only needs minimal requirements
Once you bring in your car for inspection and appraisal, and when you leave behind the car title that is lien free, the loan is approved in one hour. All you need to show from here is your valid driver’s license and proof of permanent residence.
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.