Collateral equity loans are secured loans because they are secured by the collateral that is your car and the car title. As long as your car is fully owned and paid and with no outstanding liens on the car title, it serves as the collateral. The car title is the actual collateral that you leave behind with the lender because you continue using and driving your car while repaying the loan and the lender puts a lien on the title until the loan is fully repaid.
Credit rating has no bearing on the loan approval
No matter what condition your credit is in, this has no bearing when applying for no credit check title loans because lenders will not check your credit rating. The loan is already secured by the collateral so your credit will not matter. The loan is approved in one hour with no credit checks needed.
Low interest rate is the best benefit ever
Collateral car title loans have the lowest interest in the lending industry because much lower interest rate can be offered against the closest competitor out there. Payments can be as low as $97 per month. Loan repayment terms are the longest as well.
Very little requirements needed
All you need is to bring in your car for inspection and appraisal to determine the loan amount based on the car’s true market value. Present your valid driver’s license and proof of permanent residence.
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.