For people looking for options for financial emergencies, collateral car loans can be a reasonable choice. Collateral auto title loans are not expensive and are less risky loans when compared to unsecured loans or short term loans.
How does a collateral vehicle title loan work?
When you need cash for any emergency, you can use the value of your fully owned car as the collateral. You only need to bring in your car for a detailed inspection and appraisal based on the car’s true market value. You can borrow as much as $50,000. The car title must, of course, be lien free.
Paying off collateral vehicle title loans
Although no credit check title loans are considered as emergency loans, they are not short term loans since the loan payment terms are adjusted and flexible for up to 4 years. Also, interest rates for this loan is the lowest in the lending industry and the lowest when compared to unsecured loans and short term loans. No credit checks need to be done for the loan approval. Your loan is approved in one hour and you get the loan amount in the same hour.
You keep your car while paying the loan
Because collateral vehicle title loans are already secured by the collateral, you can keep driving and using your car while paying off the loan during the course of the loan payment term.
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.