Collateral fast cash loans are backed by your fully owned car and its lien free car title as collateral.
Collateral car title loans are secured loans so credit ratings will not matter for the loan approval. This is because the secured loan is backed by the collateral. This means both the lender and borrower have a lower risk with the loan.
The loan allows borrowers to get approved in one hour and with the lowest interest rates in the lending industry and the lowest when compared to unsecured loans and short term loans. Unsecured loans and short term loans are notorious for having the highest interest rates that almost triples the loan amount. Repayment terms for unsecured loans are very short, usually at 30 days or 60 days. No credit check title loans have repayment periods that are the longest and most flexible up to 7 years.
Unlike unsecured loans that need tons of paperwork and requirements, collateral auto title loans only need the car itself for inspection and appraisal for the loan amount, the car title, your valid driver’s license, and proof of permanent residence. When the loan amount is released one the same day, the borrower gets to continue using the car while paying off the loan.
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.