Some Frequently Asked Questions about Vehicle Title Loans Newmarket Ontario
Here are the common questions usually asked when applying for a collateral car title loan.
What is a collateral vehicle title loan?
Collateral vehicle title loans are secured loans using a fully owned car and the car title as collateral for the loan. Surprisingly, this loan now carries the lowest interest rates compared to unsecured bank loans. Also, the lender does not do a credit check.
Do collateral vehicle title loans have high interest rates?
Collateral car title loans are loans that require a car and car title to be put up as collateral. The interest rate is the lowest in the lending industry and the lowest when compared to short term loans and unsecured loans.
What payment terms are offered by this loan?
No credit check title loans offer the longest and most flexible payment terms possible. Even if the loan is based on the car’s true market value, the payment terms are still flexible and long. Up to $50,000 can be borrowed based on this.
I have bad credit, so can I still get the loan?
Collateral auto title loans do not require any credit background checks. This is because the loan is already secured by the collateral so credit checks are unnecessary. Whether the borrower has bad credit or no credit at all, it won’t matter with the loan approval. The loan approval is given in just one hour and the cash is given on the same day as the approval.
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.