Collateral car title loans are secured by an asset that is your car that serves as collateral. Since you can’t leave your car with the lender, you need a lien free car title as the collateral to leave with the lender so a lien can be placed on it until the loan is fully repaid.
Collateral car title loans need no credit checks
The loan is secured so credit ratings have no bearing for the loan approval. This is because the loan is backed by the collateral.
Loan approval is fast
Collateral equity loans Calgary Alberta allow borrowers to get approved in one hour and with the lowest interest rates in the lending industry. When compared to unsecured bank loans, the loan has the lowest interest rates in the lending industry. Repayment terms are the longest that can ever be offered.
What you need to submit for requirements
Unlike unsecured bank loans that need tons of paperwork and requirements, no credit check title loans only need the car for inspection and appraisal for the loan amount, the car title, your valid driver’s license, and proof of permanent residence. The borrower also gets to continue using the car while paying off the loan during the terms. Up to $50,000 can be borrowed as loan amount.
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. Call us now toll free at 1-844-598-7631 or apply online.
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