An overview of collateral vehicle title loans
To qualify for collateral equity loans, all that is needed is a fully owned car and lien free car title as collateral. No credit checks are needed for loan approval. So no matter what the condition of your credit rating, it will not matter with the loan that is approved in one hour and the loan amount can be released on the same day. If compared with unsecured loans or short term loans, these loans need to check your credit rating before approval and charge very high interest rates.
Collateral vehicle title loan valuation
Collateral car title loans only need you to bring in your car for inspection and appraisal based on the car’s true market value. All you then need to show is the car title as the collateral, your valid driver’s license, and proof of permanent residence. Employment is not necessary for loan approval, and you can also keep driving your car while paying off the loan during the course of the very long repayment term.
Lowest interest rates
No credit check title loans have the lowest interest rates when compared to unsecured loans or short term loans and the lowest in the lending industry. Payments can be as low as $97 per month.
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.