It is easy to get collateral car loans because all you need is your fully owned car and its lien free car title. This type of loan is preferred over other methods of borrowing quick money such as car pawning.
The borrower gets to keep the car and continue driving it while repaying the loan. All the lender needs as collateral is the car title because the lender places a lien on the title. Loan processing is fast and approval comes in one hour. You only need a valid driver’s license, proof of permanent residence, vehicle registration, and car or collision insurance.
Credit rating is not required because no credit check title loans do not require the lender to conduct any credit checks since the loan is secured by the collateral.
Once collateral vehicle title loans are approved in one hour, you can borrow up to the full value of the true market value of the car after inspection and appraisal. Other factors that may be considered for the loan amount are the vehicle’s overall condition, total car mileage, and make and model year of the car.
Interest rates are the lowest in the lending industry and the lowest than unsecured bank loans or short term loans. Payment terms are 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.