Collateral car title loans are not hard to understand even before you enter into one. There are no secrets to getting the loan and you can even save a lot of money because of the very low interest rates and long payment terms.
What is a car title loan?
Car loans Vernon British Columbia are secured loans based on the true market value of your car that serves as collateral for the loan. However, you only need to leave the lien free car title as collateral with the lender so a lien can be placed on it until the loan is fully repaid.
The main benefits
No credit check title loans need no credit checks for the loan approval. No matter how your credit stands, your credit has no bearing on the loan approval. The loan is based on the security of your collateral. Interest rates are the lowest in the lending industry and payments can be as low as $97 per month. Loan terms are the longest that can ever be offered. While repaying the loan you continue using your car.
What you need to prepare
All you need to prepare is the car for inspection and appraisal to determine the car’s true market value. You also need to bring your lien free car title as collateral. Be sure to show your valid driver’s 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 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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