A collateral car title loan is based on a fully owned car as collateral. While repaying the loan during the loan term, the borrower still remains in possession of the car and continues to use it.The reasons for getting a collateral car title loan may vary from an emergency to an unexpected small business payment. Collateral car title loans allow you to loan up to the full true market value of the car.The car title must be lien free because you need to leave the car title with the lender since a lien is placed on it. After you have fully paid off the loan, your car title will be returned to you by the lender and the lien on it removed.Collateral vehicle title loans have flexible terms. Loan payment terms are the longest up to 7 years. Car loans Thunder Bay Ontario have the most adjustable loan terms.
1) Fill out and submit the online application form.
2) Bring the minimal documents for verification (car title, valid driver’s license, proof of permanent residence, vehicle registration, and car or collision insurance).
3) Loan process takes only one hour.
Lenders don’t perform credit checks. Your credit rating or history will not matter since no credit check title loans are secured by the collateral.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.