There are no drawbacks when applying for collateral vehicle title loans even if you have bad credit.
The basics of collateral vehicle title loans
You can straightaway apply for collateral quick cash loans with no hassles at all. Just present your fully owned car and its car title for inspection and appraisal, be able to show your valid driver’s license, and show proof of permanent residence. Loan amount will depend on the true market value of the car and this can be up to $50,000.
Collateral vehicle title loan benefits
You can continue using the car even while paying off collateral vehicle title loans. This is because the loan is already secured by the car title that is the collateral. Loans are approved in just one hour with no credit checks needed. Bad credit or no credit will not affect the loan approval.
Low interest rates and reasonable payment terms
Interest rates for collateral no credit check title loans are the lowest when compared to other unsecured loans or short term loans. It is also the lowest in the whole lending industry. Payments can be as low as $97 per month. Loan payment terms are the longest and most flexible up to 5 years.
Preparation is at a minimum
Aside from the lien free car title that you need to present as collateral so the lender can place a lien on it to make it a viable collateral, the car must be presented for inspection and appraisal.
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.