In reality, collateral vehicle title loans allow you to borrow against the value of your fully owned car that becomes the collateral for the loan. This is the most foolproof solution to your financial emergencies.
Equity loans London, Ontario is not expensive at all since they have the lowest interest rate in the lending industry. This is because much lower interest rate can be offered against the closest competitors.
The lender simply takes hold of the car title as the collateral for the loan. The car is also collateral but the borrower gets to keep using the car since the lender only needs to place a lien on the car title, so make sure the car title is lien free. No credit checks need to be done and the loan is approved in one hour. Loan repayment terms are the longest lasting up to 7 years. That’s right, up to 7 years, and that’s no typo. The loan amount is based on the car’s true market value.
Unlike short term loans or unsecured bank loans that can mire you in waiting , disapproval, or high interests, collateral car title loans only require you to bring you valid driver’s license, proof of permanent residence, vehicle registration, and car or collision insurance, aside from bringing in the car for appraisal and inspection. Just make sure the car is not more than 12 years old.
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.