Factors to Consider Before Obtaining Equity Loans Fort Saskatchewan Alberta
Getting a collateral vehicle title loan may be your best solution
Choosing collateral equity loans for your emergency needs may be the answer for fast cash.
Here are a few things that you need to know before getting one:
Loan amount is based on the true market value of the vehicle
The loan amount that you qualify for is directly based on many factors on your fully owned car. Your car will be assessed its true market value, and the basic loan amount is based on this. You can borrow as much as $50,000. Just make sure the car title is lien free since this will be the collateral for the loan.
Interest rates are the lowest in the lending industry
Because interest rates for collateral vehicle title loans are regulated by law, interest rates for these loans are the lowest in the lending industry and the lowest even when compared to unsecured loans. Likewise, credit checks will not be done because bad credit or no credit will not affect the approval of the loan after just one hour.
Other benefits of collateral vehicle title loans
One of the most important things that customers should know is that they will have options when they apply for no credit check title loans. So long as the car title has no lien on it and the car is in top running condition, these serve as adequate collateral, plus given the fact that the borrower is allowed to continue using the car while the loan is being paid off. Also, loan terms are the longest and most flexible ever.
At Canadian Equity Loans, we loan you money based on the value of your fully owned car and not your credit history and score. That means that you have fast access to emergency cash whether you have bad credit or no credit at all. Call Canadian Equity Loans now at their toll-free number 1-844-586-6311 or apply online.