Collateral vehicle title loans are secured loans for an amount of money for a loan term that is the longest and most flexible that can be offered. To obtain the loan you give the lender the car title so a lien can be placed on it and is removed when the loan is fully paid.
How do collateral vehicle title loans work?
You can personally apply for collateral car title loans or fill out a form and apply online. Of course, aside from your application, you need to show the lender:
- Your car for inspection and appraisal to gauge the true market value. Based on this money can be borrowed.
- The car title that should be lien free.
- A valid driver’s license.
- Proof of permanent residence.
Interest rates are the lowest
Interest rates for no credit check title loans are the lowest in the lending industry and the lowest when compared to unsecured bank loans and short term loans. Payments can be as low as $97 per month. Repayment terms are also the longest and most flexible that can ever be offered. No credit checks need to be done because the loan is already secured by the collateral. You get to keep the car even while paying off the loan.
It will not matter what your particular credit situation is. Legitimate lenders such as Car Title Loans Canada will help you complete the paperwork and get your loan approved in one hour. You only get the best 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.