Vehicle Title Loans Oakville Ontario is a Much Better Choice than Car Pawning
Collateral vehicle title loans are loans that use a fully owned car and its corresponding car title as collateral.
The lender holds on to the car title while the loan is being paid off and the borrower is allowed to continue using the car. With car pawns on the other hand, you are required to bring your car to the pawnbroker and leave it there for the entire time you are repaying the loan. Car pawns also carry the highest interest rates next to unsecured loans and short term loans.
Credit rating has no bearing on collateral vehicle title loans
The beauty of collateral vehicle title loans is that it doesn’t take into account your credit rating or if you are employed. It won’t matter if you have bad credit, no credit, or even if you’re unemployed because no credit checks and no other background checks will ever be done.
The most minimal requirements you need to prepare
All you need to do to apply for collateral car title loans is first to bring in the car and the car title for a detailed inspection and appraisal to determine the loan amount. Up to $50,000 can be borrowed based on this. All that is then needed is a valid driver’s license and proof of permanent residence. The loan is approved in one hour and the cash is released in that same hour.
Interest rates and repayment terms
With collateral no credit check title loans, interest rates are the lowest in the whole lending industry and the lowest when compared to unsecured loans, short term loans, and car pawns. Repayment terms are reasonably adjusted and more flexible than other traditional 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.