No credit checks are ever needed
Collateral car loans work by you putting up your car and car title as collateral to secure the loan. There is really no need to have any credit checks done because of this. No matter what bad credit or no credit condition the borrower may be in, the loan is approved based on the collateral and nothing else.
You keep driving your car
Another big advantage of collateral car title loans is that even though you are putting the car title as collateral, you can still keep the car and keep driving it during the loan period.
Lowest interest rates with the longest terms
No credit check title loans are not short term loans because the loan term is the longest and the most flexible that can be offered. Loan interest rates are much lower than the closest competitor, so this means that this loan has the lowest interest in the lending industry. It is most certainly lower than any short term loan and unsecured bank loan.
This loan is low risk
This is because the collateral has already secured the loan. No credit checks need to be done so whether the borrower has no credit or bad credit it won’t matter with the loan approval. Since the loan is based on the car’s true market value, the loan amount can go up to $50,000.
No early payment liabilities
Should the loan be paid off early, no early payment penalties will be charged on the borrower.
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.