With collateral quick cash loans, the lender inspects and appraises your car based on its true market value to determine the loan amount. The lender holds on to the car title as collateral until the loan is fully repaid. The lien is then removed and the car title is returned to the borrower.
You will be required to fully own your car that will serve as collateral, as well as the car title that should be lien free so it can be left with the lender as collateral. Other requirements include a valid driver’s license and proof of permanent residence. No credit checks are ever done for collateral car title loans because the loan is secured by the collateral. Credit ratings have no bearing on loan approvals which is given in just one hour.
No credit check title loans give the longest and most flexible loan repayment terms up to 7 years.
Interest rates for these loans are the lowest in the whole lending industry and the lowest even when compared to unsecured bank loans and short term loans. All you need to qualify aside from the collateral is a valid driver’s license, proof of permanent residence, vehicle registration, and car or collision insurance.
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.