Banks offer unsecured loans with very high interest rates. But if you have bad credit you will not be approved for the loan. Short term loans also charge higher interest rates compared to collateral car title loans. Likewise with both, the payment terms are only from 30 to 60 days.
Collateral vehicle title loans are the best way to get much needed fast emergency cash. All that is needed to qualify is a fully owned car as collateral. The car title is also collateral that is left with the lender and a lien is placed on it until the loan is fully repaid.
No credit check title loans give you the lowest interest rates in the whole lending industry. Much lower interest rate can be offered against the closest competitors out there. Loan payment terms are the longest up to 7 years.
Even if the borrower has no credit or bad credit, it won’t matter with the loan approval. The loan is approved in one hour after the car is appraised and inspected for its true market value. The borrower only needs to show the lien free car title, a valid driver’s license, proof of permanent residence, vehicle registration, car or collision insurance, and make sure that the car is 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.