In the past years unsecured short term loans has been going flat or has been decreasing. In the meantime, collateral quick cash loans are seeing a constant rise in the number of borrowers and even return business. This is because this loan carries better benefits and advantages than any short term loan out there.
Collateral vehicle title loans carry less risk because all you need to qualify is a fully owned car as collateral. The car title must be lien free because this is the actual collateral that you leave with the lender and a lien is placed on it. This is removed when the loan is fully repaid. The loan is basically secured by the collateral.
No credit check title loans carry the lowest interest rates in the whole lending industry and even lower when compared to short term loans. Much lower interest rate is offered versus any competitor out there. Loan repayment terms are the most flexible and the longest up to 7 years. No credit checks will be made because the loan is already secured by the collateral. The loan can be approved in just one hour. The lender simply has to inspect and appraise the car for its true market value. This is to determine the loan amount based on the car’s real value. The borrower only needs to show a 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.