A collateral vehicle title loan provides quick access to a loan that is based on the collateral that is your personal vehicle.
As long as the car is fully paid and owned and the car title is lien free, they qualify as collateral. Anyone can apply because the loan is not based on any credit rating whether the borrower has bad credit or no credit.
Quick approval in just one hour
Collateral vehicle title loans are approved in just one hour. No background or credit checks are needed. Neither your credit rating nor your employment is ever checked. The car inspection and appraisal, the car title, a valid driver’s license, and proof of permanent residence are all you need for loan approval in one hour. While repaying the loan, the car can still be used by the borrower. Up to $50,000 can be borrowed.
The lowest interest rates
Collateral car title loans have the lowest interest rates in the lending industry. Payments can be as low as $97 per month. Loan repayment terms are no longer short term such as those carried by short term loans or unsecured loans.
Any type of credit rating has no bearing on the loan approval
While borrowers may go for short term loans, these carry very high interest rates. With no credit check title loans, no credit checks are necessary because the loan is already secured by the collateral. Employment and other means of income aren’t checked because these are unnecessary as well.
It will not matter what your particular credit situation is. Legitimate lenders such as Car Title Loans Canada will help you complete the paperwork and get your loan approved in one hour. You only get the best rate and the longest terms. At Car Title Loans Canada, we loan you money based on the value of your vehicle, not your credit score. Call Car Title Loans Canada Toll Free at 1-866-973-5214 and apply now. You can even apply online.