The pink slip or car title is the preferred collateral for this loan because:
- The borrower has the benefit of keeping the car while repaying the loan.
- The process is quick and easy.
- It doesn’t matter if the borrower has bad credit or no credit at all.
- Aside from the car and car title, the only other things needed for submission are a valid driver’s license and proof of permanent residence.
- The loan amount is made available on the same day once the application is approved in one hour.
Collateral car title loans are based on the car’s true market value. Other factors include:
- Overall vehicle and engine condition.
- Total mileage of the car.
- Make and model year of the car.
Lowest interest rates
When it comes to interest rates, collateral vehicle title loans offer much lower interest rates when compared to the competition and is considered the lowest in the industry. Payments can be as low as $97 per month. For easy payments, no credit check title loans offer loan terms that are the longest that can be offered.
All you need to submit as requirements
After the car and car title are inspected and appraised, all that is needed is a 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 1-855-653-5451 and apply now. You can even apply online.