You can get collateral car title loans by using your car as collateral and you even get to keep using it. This loan is simple because anyone who fully owns a car can get a loan for up to the car’s true market value by pledging the car title with the lender to secure the loan. The lender places a lien on the car title until the loan is fully repaid, of which the lien is then removed.
Bad credit loans Mississauga Ontario don’t have to charge so much or offer short terms because the loan is low risk and secure because of the collateral. Unlike unsecured bank loans and short term loans that are high risk because they are based on credit ratings, a collateral car title loan is not covered by credit ratings. In fact, no credit checks are needed for the loan approval.
No credit check title loans only ask for the bare minimum in requirements like your valid driver’s license, inspection and appraisal of your car, proof of permanent residence, making sure your car has collision insurance, vehicle registrations, the car title should be lien free, and the car should not be more than 12 years old. Interest rates are the lowest in the lending industry and the lowest when compared to unsecured bank loans and short term loans. Loan payment terms are reasonable and the longest up to 7 years.
When in need of immediate or emergency fast cash that offers no penalties for early payments and low interest, a collateral car title loan from Quick Cash Canada may be the best option for you. Call Quick Cash Canada Loans toll free at 1-888-517-1625 and apply now for a car title loan. You’ll speak with a member of our dedicated team and see how Quick Cash Canada can help.