1-877-804-2742
You must own a vehicle with a clear car title
This means that you fully own and have paid up your car and that your car title has no liens on it. This serves as the collateral for collateral car title loans.
Your vehicle must undergo inspection and appraisal
This inspection and appraisal will determine the loan amount based on the car’s true market value and other factors like year of make and model and engine performance.
Proof of valid driver’s license and permanent residence
Along with this it would be a good idea if your car is insured. This is because when your loan is approved, you continue to use your car while paying off the loan so for the protection of the lender and borrower car and collision insurance is required for collateral vehicle title loans. You also need to show proof of permanent residence.
No credit checks or employment checks will be done
No credit checks title loans don’t require any credit checks to be made because the loan is already secured by the collateral. Employment checks aren’t necessary either because of the loan security. Loan repayment terms are long and flexible up to 4 years. Interest rate is the lowest in the whole lending industry. Payments can be as low as $97 per month.
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.