Collateral vehicle title loans use your car title as collateral instead of your credit score. The size of the loan amount is determined by the car’s true market value.
How to get a collateral car title loan
Equity Loans Prince George British Columbia has made the processing of the loan much easier, faster, and simpler. So long as the borrower has a car that’s fully paid along with a lien free car title, you can get approved for the loan in just one hour. Based on the car’s true market value.
Comparing with unsecured or short term loans
Unsecured bank loans can take up days and even weeks before your loan is approved. This is because they need time to check out your credit history. With no credit checks title loans, no credit checks need to be done. So no matter if you have bad credit or no credit, this has no bearing on the loan approval. Short term loans may be approved but their interest rates are astronomically high.
Other benefits of collateral vehicle title loans
- Interest rates are the lowest in the lending industry. Payments can be as low as $97 per month.
- Loan payment terms are the longest that can ever be offered.
- You get to keep driving your car while repaying the loan.
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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