Collateral car loans are always based on the car’s true market value. No credit checks are needed because the loan is secured by the collateral. This collateral is in the form of your fully owned car accompanied by the car title that should be lien free. However, only the car title is left with the lender as the collateral because the borrower is allowed to continue using the car while repaying the loan.
While some unscrupulous short term loan lenders offer 30- to 90-day loans, no credit check title loans spread out the loan over a longer period of time with interest rates that are the lowest in the whole lending industry and the lowest when compared to other loans. Repayment terms are the longest lasting up to 7 years.
This option is much better than going for short term loans with very high interest rates and very short terms. It’s also much better than car pawning in which you have to leave your car with the pawnbroker. With collateral vehicle title loans you keep using your 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.