Collateral quick cash loans allow borrowers to use their fully owned car and lien free car title as collateral. When a borrower applies for this loan the car title must be lien free because it is left with the lender while the car is still used by the borrower. The amount of the loan is typically based on the true market value of the car.
Interest rates for collateral car title loans are the lowest in the lending industry and the lowest when compared to unsecured bank loans. The low rates are largely due to almost no risk taken by the lender. No credit checks are required. Applying for the loan means approval in one hour. Once the borrower receives the cash, a payment schedule is created.
Repayment terms for no credit check title loans are the longest and most flexible up to 7 years. This loan is easy to apply for since all you need to prepare is the car title, valid driver’s license, proof of permanent residence, vehicle registration, and car or collision insurance. The car must also be 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.