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To apply for collateral quick cash loans you need to meet the following requirements and criteria:

  • A valid driver’s license.
  • Proof of permanent residence.
  • Car must be fully owned and paid for, and the car title should be lien free.

No background checks are ever done

Collateral vehicle title loans don’t require any employment background checks or credit checks whatsoever. The loan is approved regardless of the borrower’s loan history because the loan is secured by the collateral. So even if the borrower has bad credit or no credit, the loan is still approved in one hour.

All you then need to do for the loan:

Bring in the car for inspection and appraisal to determine its true market value. This is what also determines how much the loan amount will be. The lender also needs to inspect the car title to see if it is lien free since this is the collateral that is left with the lender while the car continues to be used while the loan is being repaid.

The usual terms are very beneficial

No credit check title loans have repayment terms that are the longest that can be offered. You get to keep driving the car during the term and duration of the loan. There are no penalties or charges for early payments. The loan has the lowest interest rates in the whole lending industry and the lowest when compared to short term loans or unsecured loans.

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.