Collateral vehicle title loans use a lien free car title as collateral for the loan. The fully owned car is the actual collateral but since the car cannot be left with the lender during the loan repayment term, only the car title is left with the lender so a lien can be placed on it until the loan is fully repaid.
Equity of your loan
The equity is simply the true market value of your fully owned car. It is the equity value that determines the loan amount after the loan is approved in just one hour. All you need is to bring in the car for inspection and appraisal.
Collateral of your loan
With bad credit car loans Vancouver British Columbia, you can continue using your car while paying off the loan during the loan term. No credit checks are ever done because the loan is already secured by the collateral and has no bearing on the loan approval. As much as $100,000 can be borrowed for the loan.
Lowest interest rate for your loan
Interest rates for no credit check title loans are the lowest in the lending industry. When compared to unsecured bank loans or short term loans, interest rates are also the lowest. Loan payment terms are adjustable and the longest that can ever be offered. Should the borrower pay off the loan early, no early payment penalty will be charged.
Car title loans or sometimes called equity loans is the only service offered by Canada Car Cash. This means that Canada Car Cash can loan you more money with far less requirements. We can help you by calling us now or getting in touch online. We can give you an estimate of what you really qualify for. Call us now toll free at 1-844-598-7631 or apply online.
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