A collateral car title loan is secured by the car title of the borrower. So, the vehicle becomes the collateral. Collateral car loans interest rates continue to be the lowest in the lending industry and the lowest when compared to other unsecured loans. Payments can be as low as $97 per month.
The biggest benefit to getting this loan is that it enables the borrower to get the money they need quickly. Collateral car title loans are usually processed and approved in one hour you get the cash in 24 hours. It is really a very simple process that really only involves the lender thoroughly inspecting and appraising your car based on its true market value.
No credit checks are needed
The loan is based on the collateral that you are putting up, which means the lender is giving you a secured loan. There is virtually no risk for the lender. No credit check title loans are perfect if you have bad credit. All that is left with the lender is the lien free car title.
Another added benefit is that while you have the loan out, you get to keep the car and still drive it. Loan repayment terms are also the longest and most flexible that is offered for any loan of this kind.
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 1-855-653-5451 and apply now. You can even apply online.