There IS a big difference between collateral vehicle title loans and short term loans.
Generally, collateral car title loans have better benefits
A short term loan usually needs good credit to be approved and will charge very high interest. However, collateral car title loans use a fully owned car and its car title as collateral, offering very low interest and don’t need any credit checks for the loan approval.
A collateral car title loan is simply a secured loan
As secured loan, car loans Saskatoon Saskatchewan offer the lowest interest rates. Payments can be as low as $97 per month. Loan payment terms are flexible and the longest that can be offered.
Collateral car title loans only ask for minimal requirements
Applying for the loan is fast and approval is just in one hour. The lender just inspects and appraises the car for the true market value to determine the loan amount. Then just show a valid driver’s license and proof of permanent residence.
Collateral vehicle title loans are more than just emergency loans
A loan of this nature is simply secured by the collateral so no credit checks are needed. This is good news for borrowers with bad credit or no credit at all.
It will not matter what your particular credit situation is. Legitimate lenders such as Car Title Loans Canada will help you complete the very minimal paperwork and get your loan approved in one hour. You only get the lowest rate and the longest terms. At Car Title Loans Canada, we loan you money based on the value of your vehicle, not your credit score. Call Car Title Loans Canada toll free at 1-866-973-5214 and apply now. You can even apply online.
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