Collateral car title loans are long term and very low interest loans using a lien free car title and a fully owned car as collateral. The owner may keep possession of the car during the term of the loan.
Collateral vehicle title loans carry less risk because the loan is secured by the collateral. Even while the borrower is allowed to keep using the car while repaying the loan, the car title is left with the lender and a lien placed on it. Just make sure the car is not more than 12 years old.
The lender holds the car title as collateral and returns it to you when the loan is paid back after removing the lien on it. The loan is approved in just one hour and you get your money in that same hour. No credit checks need to be done because no credit check title loans are secured by the collateral. You also get the lowest interest rate in the lending industry and the longest payment term at 7 years.
Apply – Make sure you have a lien free car title, a valid driver’s license, car registration, proof of permanent residence, and collision insurance.
Get Approved – A detailed inspection and appraisal is done and then the title loan amount is determined based on the true market value of the car.
Get Your Cash – The loan is approved in one hour and you get the cash on the same day.
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.