Collateral vehicle title loans specialize in lending funds to people with bad credit. A fully owned car serves as collateral as well as the car title that should be lien free. Because the loan carries very little risk, car appraisal for loan amount is based on its true market value. You can loan up to $50,000.
The direct benefits of collateral vehicle title loans
Interest rates for collateral car title loans are the lowest in the whole lending industry and the lowest even when compared to unsecured bank loans or short term loans. Payments can be as low as $97 per month. Repayment terms are the most flexible up to 5 years.
Very little risks involved
If you seek no credit check title loans because of some difficult financial position but are afraid to do so because of bad credit or no credit, there’s nothing to fear. Lenders don’t need to do any credit checks because the loan is already secured by the collateral. You only need to leave the car title with the lender and keep driving your car while repaying the loan.
Very little requirements involved
All you need to start off the loan process is to bring in your car for inspection and appraisal. Same goes with the car title. You then present a valid driver’s license and show proof of permanent residence. When everything is submitted and the car appraised, the loan is approved in just one hour and you get the loan amount on the same day.
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.