Collateral car loans enable car owners to turn their fully owned car into the collateral for the loan. Another collateral necessary for the loan is the car title because this is what is left with the lender while the loan is being repaid. There is no need to leave the car with the lender because this is not a car pawn. The car title must be lien free.
Interest rates for collateral vehicle title loans are the lowest compared to what even the best competitor can offer. This means that interest rates are the lowest in the lending industry and when compared to unsecured bank loans or short term loans. Payments can be as low as $97 per month. As much as $50,000 can be borrowed based on the car’s true market value. Loans are approved in just one hour after just showing the car title, a valid driver’s license, and proof of permanent residence. That’s fast funding for your problems in just one hour using your vehicle as collateral.
Unlike unfair short term loans or unsecured bank loans that offer only 30-day terms, no credit check title loans offer the best repayment terms of up to 5 years. You can adjust your monthly payments to the terms that suit you best. People in need of fast emergency cash can always turn to Instant Loans Canada. We can get a car title loan fast and today for anyone in need of alleviating any financial headaches. All they need is to get in touch with Instant Loans Canada by calling the toll free number at 1-866-973-5214 and get approved in an hour. Get started today at the nearest Canada-wide network of convenient locations.
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