These equity loans use your car title and fully owned car as collateral in order for the loan to be approved.
Since collateral car title loans are secured loans, you have to repay the loan within an adjustable term payment period that can be as long as 7 years. This is more than reasonable compared to short term loans and unsecured loans that only run to 60 days or less.
Interest rates for no credit check title loans are the lowest in the whole lending industry. In fact, they are much lower when compared to the rates of unsecured loans and short term loans.
Loan approval only takes an hour and you get the loan amount in that same hour. All you need to prepare is the car title that should be lien free, your valid driver’s license, proof of permanent residence, the car must not be less than 12 years old, and the car must have collision insurance.
Because all the lender needs as collateral is the lien free car title, you continue driving your car while paying off the loan during the loan term. Even if the loan is paid off early, no early payment penalties will be charged on the borrower.
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.