Collateral car loans use your fully owned car as collateral to obtain a loan, together with the car title that must be lien free so it can be left with the lender while the car is still used during the loan term. The lender places a lien on the car title and removes it when the loan is fully paid and the car title is returned.
Unsecured bank loans fall short
While unsecured bank loans are readily available, the whole financing process can take up quite some time, such as a week to be fully processed. Also, if your credit rating is bad or non-existent, the loan will never be approved.
See the collateral car title loan difference
You can get collateral car title loans from legitimate lenders who specialize in this loan. You only need to bring in your car for inspection and appraisal for its true market value to determine the loan amount. This can be as much as $30,000. This type of loan will always fairly value your car and offer you a fair amount of cash in exchange. You will also get to keep and drive your car while you are repaying the loan. Loan repayment terms for no credit check title loans are the longest and the most flexible that can ever be offered. Interest rates for this loan is the lowest in the lending industry and much lower when compared to unsecured bank loans, car pawns, and short term loans.
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.