Even when applying for collateral fast cash loans, the overall process is easy but safe. Collision insurance is important for this loan not only to determine loan amount but also because the car will continue to be used and driven by the borrower while the loan is being paid off.
Easy requirements
A clear and lien free car title must be provided and must be free of outstanding loans. You should also show your valid driver’s license and proof of permanent residence. The vehicle also needs to be inspected and appraised for its true market value. After all this, approval takes only one hour, and the loan amount is released on the same day. Only the car title is left with the lender to serve as collateral for collateral car title loans.
No pitfalls to avoid
There are no pitfalls with this loan since there are no credit checks involved. It doesn’t matter if you have bad credit or no credit at all. This is because the loan is already secured by the collateral. Interest rates for no credit check title loans are the lowest in the lending industry and the lowest even when compared to other unsecured loans or short term loans. Loan payment terms are reasonable ranging the longest and most flexible. There are also no early payment charges should the loan be paid off early.
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.