Collateral fast cash loans offer borrowers a one-hour loan approval solution. This is because this is a secured loan that uses your car as collateral. The loan amount is determined by the true market value of the car after detailed inspection and appraisal. The lender then holds on to the lien free car title. This means that the borrower is still able to keep driving the car during the entire time that the loan is being repaid.
How to apply for a collateral vehicle title loan
All you do first is to fill out the online application form. After submitting this, bring in the car for inspection and appraisal to determine the loan amount. All you need is to show for documentation is your valid driver’s license and proof of permanent residence. Of course, you need to bring the car title since this will be left with the lender as collateral.
Loan amount on the same day
Once all documentation and inspections are done and validated, the loan is approved in one hour and you get the loan amount on the same day. The loan process is made fast because this is the trademark of collateral car title loans. You can borrow up to $50,000.
Interest rates and loan terms
Interest rates for no credit check title loans are the lowest in the whole lending industry and even much lower when compared to unsecured loans. Payments can be as low as $97 per month. Loan payment terms are the longest up to 4 years.
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.