Unlike short term loans and unsecured bank loans, collateral car title loans offer secured and low interest loans using the borrower’s car and car title as collateral.
Collateral car title loans is the best help for financial emergencies
Collateral vehicle title loans can very much help borrowers with bad credit or no credit because the secured loan only needs a fully owned car and lien free car title plus other minimal paperwork for a loan approval in just one hour. Also, borrowers of the loan get to keep driving their cars while repaying the loan.
Minimal requirements
The car needs to be inspected and appraised for its true market value. The loan amount will always be based on this. The car title, of course, needs to be lien free. Other requirements only include a valid driver’s license and proof of permanent residence.
Short term lending is expensive
No credit check title loans offer the lowest interest rates in the whole lending industry. Much lower interest rate is offered versus any close competitors. Payments can be as low as $97 per month. Loan repayment terms are the most flexible and the longest up to 4 years. Another factor is that the process is very fast because anyone who owns a car can get the loan approved in just one hour. These loans continue to help more borrowers in need of emergency funds for urgent emergency needs.
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.