The advantages of collateral vehicle title loans far outweigh any short term loan or unsecured loan.
Fast cash really means quick loan approval
The biggest advantage of collateral car loans is that you can get the emergency cash really quick. You can have your money in a day after the loan approval in one hour. All the lender needs to do is to inspect and appraise your car based on the vehicle’s true market value. Based on this you can borrow as much as $50,000.
No credit checks are necessary
Whether you have good credit or bad credit, so long as you fully own your car, you are eligible for collateral vehicle title loans. Your car and the car title are used as collateral for the loan.
The advantages are very much worth it
Another great thing about no credit check title loans is that no other credit will matter. Anyone can get a collateral loan this way because their credit history won’t affect their chances of getting a loan.
Very low interest rates
Unlike short term or unsecured loans wherein interest rates reach the moon, interest rates for collateral auto title loans are the lowest offered in the whole lending industry and the lowest when compared to unsecured loans and short term loans. Loan payment terms are also the longest that can be offered to borrowers.
No early payment penalty
If you pay off your loan earlier than the stipulated payment term, no early payment penalty will be charged.
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.