The reason why Car Equity Loans in Hamilton Ontario are secured and unsecured loans and short-term loans are not is because of the collateral.
Any fully paid and owned car with a lien-free car title can be the collateral for equity loans. No collateral is needed for unsecured or short-term loans, but, loan approval is never given if the borrower has bad credit or none at all.
Lowest interest ever
Taking out a collateral car title loan means the lowest interest rate on the planet. Unsecured loans and short-term loans will only give you high-interest rates as high as the Appalachian mountain ranges.
Offers more cash and better terms
Car Equity Loans Hamilton Ontario allows people to get more money because the loan amount is determined by the true market value of the car. You can borrow up to $100,000 based on this. This is because the loan is secured by the collateral. Aside from the lowest interest rate, loan payment terms run the longest and most flexible you’ll ever experience.
No credit checks so problems at all
Choosing collateral no credit check title loans over unsecured loans or short-term loans means even if you are in a situation where you have bad credit or even no credit history and really need fast emergency cash, collateral auto title loans will always approve your loan in just one hour because no credit checks need to be done.
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.