Applying for a collateral vehicle title loan has far more benefits than getting a short term loan or unsecured loan with high interest rates.
Lower interest rates
This is the aspect that has most borrowers usually worried. However, collateral vehicle title loans have the lowest interest rates in the lending industry and much lower when compared to unsecured loans or short term loans. Payments can be as low as $97 per month.
Keep driving your car
Even during the process of repaying the loan, you get to continue using your car and keep driving it because the collateral, which is the car title, already secures the loan. No need to leave your car as you would do with car pawning. Loan payment terms are adjustable and can range up to 4 years for collateral car title loans.
No credit checks needed
No credit checks need to be done for the approval of your loan. So even if your credit rating is poor or non-existent, it won’t matter because the collateral has already secured your no credit check title loans.
Fast approval in one hour
All you need to prepare is your car for inspection and appraisal and the car title that should be lien free. Then, just show your valid driver’s license and any proof of permanent residence, and you’re good to go.
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.