With collateral vehicle title loans, you pledge the car title as collateral in exchange for money from a lender. The precise amount they give you will depend on what kind of vehicle you have, the condition of the vehicle, and its true market value. Surprisingly, the interest rates on such loans are very low, and they are a good option for people who have bad credit. Collateral car title loans are given repayment terms ranging up to 7 years.
The first requirement for taking out this loan is a lien free car title as collateral. This means that you must own the car outright, and are no longer paying for any car loan. You must also be 18 years or older to apply for a loan, and must be able to show that you have a valid driver’s license, collision insurance on the car, and the car must not be more than 12 years old.
As stated earlier repayment terms can run up to 7 years. No credit check title loans also offer the lowest interest rates in the lending industry and will match any interest rate offered by other competitors. No credit checks are even needed to approve the loan because the loan is secured by the collateral.
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.