The biggest benefits of collateral vehicle title loans
Collateral car title loans are secured because the car and car title serves as collateral security. They also have the lowest interest rate in the whole lending industry. This very low interest rate as compared to unsecured loans can be pushed to its maximum repayment term of up to 5 years. This very low interest rate means that monthly loan payments will be very low and affordable for borrowers, as low as $99 per month.
Bad credit or no credit will not matter
Whatever condition your credit is in, it will not be a factor with no credit check title loans. This is because the loan is already secured by the collateral. Loan approval is in one hour as soon as all the requirements are met and the car has been inspected and appraised for its true market value. You can borrow up to $50,000.
No unnecessary documentation needed
All you need to bring to have collateral vehicle title loans approved is your valid driver’s license and any proof of permanent residence. Of course, you need to bring the car title since this will serve as the collateral and will be left with the lender during the duration of the loan term. When the loan has been fully paid, the car title is returned to the owner.
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.