Equity Loans Grande Prairie Alberta Carry Great Benefits Better than Other Loans

Collateral vehicle title loans are loans that use a fully owned car and its car title as collateral.

With other loans like car pawning, you are required to bring your car to the pawnbroker and leave it there for the entire time you are paying back your loan. Your car is stored away by the pawnbroker until the loan is paid back in full. The interest rate for a car pawn can also reach astronomically high proportions, and normally the terms for car pawns don’t go beyond 60 days.

Credit checks are not needed with collateral car title loans

With collateral equity loans, no credit checks are needed because the current car title is enough as collateral so long as it is lien free. So even if your credit is bad or none, it won’t matter with the loan approval.

Benefits of collateral title loans

Interest rates for collateral vehicle title loans are the lowest even when compared to short term loans, unsecured loans, and car pawns. It is also the lowest in the whole lending industry. Likewise, loan repayment terms are the longest at 7 years so no credit check title loans gives the borrower enough time to pay off the loan.

Very minimal requirements

Once you have the car inspected and appraised for its true market value and present the car title as collateral, all you need to show is 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.