Qualifying for a collateral vehicle title loan
You can qualify for collateral bad credit loans so long as you fully own a car with your own car title and with no outstanding liens on it, then these qualify as the collateral. Since you only leave the car title with the lender while repaying the loan, you can continue using the car.
The only needed documents
Basically, you only need a valid driver’s license and proof of permanent residence. No proof of income is needed since the loan is already secured by the collateral.
Maximum loanable amount
When you bring in the car for inspection and appraisal, the loan amount will be based on the car’s true market value as well as other factors like year and make of model and engine performance.
Not affected by credit history
No credit check title loans are not be affected by any credit rating for loan approval because the loan is already secured by the collateral. There is no need to conduct credit checks.
Settling the loan earlier
Should the loan be paid off early, the lender will not charge an early payment penalty. Loan payment terms are the longest and most adjustable ever.
Lowest interest rates
Interest rates for collateral car title loans are the lowest in the whole lending industry and the lowest when compared to short term loans. Even when matched with unsecured bank loans the loan interest is also the lowest.
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 more money with 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 at 1-844-598-7631.