With unsecured bank loans, lenders don’t get hold of any collateral for the loan. However, unsecured bank loans won’t be approved unless your credit rating is beyond impeccable. Should you be approved, the interest rates are very high and almost in triple digits.
With collateral fast cash loans, no credit checks are needed for loan approval. This is because the loan is already secured by the collateral, these being your fully owned car and lien free car title. Also, you get to continue using your car while paying off the loan.
Collateral car title loans carry the lowest interest rates in the lending industry and the lowest when compared to other loans like unsecured bank loans or short term loans that are notorious for the highest interest rates for loans. Loan payment terms for collateral auto title loans run the longest and most flexible that can ever be offered at 7 years.
With no credit check title loans, all you need to prepare is your car for a detailed inspection and appraisal for its true market value to determine the loan amount. You also need to prepare the lien free car title, your valid driver’s license, and proof of permanent residence.
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.