Loan amount is based on the true market value of the vehicle
The loan amount that you qualify for is directly based on the factors that make your vehicle and will be appraised and inspected for its true market value, and the basic loan amount is based on this. You can borrow up to $50,000 with collateral fast cash loans. Another factor is model and year of manufacture or year of purchase.
Interest rates are the lowest in the lending industry
Interest rates for collateral car title loans are the lowest in the lending industry and the lowest even when compared to unsecured bank loans. Payments can be as low as $97 per month. Likewise, credit checks will not be done because credit history will not affect the approval of the loan in just one hour.
Other benefits of collateral vehicle title loans
Many borrowers are understandably nervous about getting no credit check title loans for the first time because they think that they will be locked into a loan plan for a long time. However, so long as the car title has no lien on it and the car is in top running condition, these serve as adequate collateral, plus given the fact that the borrower is allowed to continue using the car while the loan is being paid off. Loan repayment terms run up to an amazing 5 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.