Collateral vehicle title loans allow you to pledge a fully owned car and its car title as collateral in exchange for a loan amount.
To get a collateral car title loan, a licensed lender decides how much cash to give you based on the car’s true market value that determines the final loan amount. You can borrow up to $50,000 in loan amount.
Interest rates and payment terms
In general, interest rates for collateral quick cash loans are the lowest when contrasted with their counterparts in unsecured loans and short term loans. It’s also the lowest in the lending industry. Loan payment terms are very long and flexible.
Other benefits of collateral car title loans
Even while paying off the loan, you continue to use and drive your car for work and family. If you can pay off the loan early, no early payment penalty will be charged. If you have bad credit or no credit, it will not matter because no credit checks will be done for loan approval. This is because collateral car title loans are secured by the collateral.
The bottom line for collateral car title loans
In truth, collateral no credit check title loans can be considered a last resort or solution should everything else fail to try to fill the gap with any financial problem or emergency. No need to get those high interest car pawns, unsecured loans, and short term 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.