If you fully own your car, you can turn its car title into cash by using it as collateral for collateral equity loans. The loan uses the true market value of your car to determine the loan amount from your car. If you own your car with no liens on the car title, this collateral qualifies for the loan.
The condition of the car must be satisfactory
Naturally the lender requires the car to be in good and satisfactory condition. That means the car must be rust-free, without mechanical problems, be roadworthy, and must have no visible external damage on it. There should be no damaged engine or transmission, or even internal damage especially in its electronic system. Lenders usually have a licensed mechanic to check the condition of the car before approving the loan. But once the inspection and appraisal is done the loan is approved in one hour.
Get the fast cash but still keep driving the car
You can keep driving your car while paying off collateral car title loans. The lender holds on to the car title and register themselves on it as the lien holder. You can borrow as much as $50,000.
Low interest with long terms
No credit check title loans interest rates are the lowest in the lending industry. Much lower interest can be offered against the closest competitors. Loan terms are the longest that can ever be offered. It costs nothing to apply for this loan. No early payment penalty is charged if the loan is paid off early.
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.