The true market value of the car is the basis for the loan amount
Since a car is the collateral, the car must be completely owned and paid for and the car title must be lien free. Naturally, the loan amount will depend on the total true market value of your car in terms of how old and the condition of the engine. Collateral quick cash loans are approved in just one hour so long as the car qualifies as collateral.
Interest rates will always remain the lowest
Interest rates for collateral car title loans are the lowest in the lending industry because much lower interest rates can be offered against anything that the closest competition can ever offer. Payments can be as low as $97 per month.
You can choose an adjustable term
When applying for no credit check title loans, the loan payment terms are the longest and most flexible up to 5 years. Based on the true market value of the car you can borrow up to $50,000. Should the loan be paid off early, no early payment penalty will be charged.
Bad credit or no credit will not matter with loan approval
Should a borrower have bad credit or no credit at all, the loan will still be approved so long as the collateral qualifies. Credit ratings have no bearing on the loan approval.
All you need to submit for the loan
Aside from the car and car title as collateral, you need a valid driver’s license and proof of permanent residence.
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.