What is a collateral car title loan?
Collateral car title loans are secured by the collateral of your fully owned car and its car title. After securing the loan, you still get to drive your car while paying off the loan.
What is the interest rate on the loan?
Interest rates for collateral vehicle title loans are very low as compared to other unsecured bank loans and short term loans. Payment terms are also the longest and most flexible ever offered.
What do I need to qualify for the loan?
- Your fully owned car for inspection and appraisal
- Proof of residence
- Lien free car title
- Vehicle registration
- Valid driver’s license
- Car or collision insurance
Are there any special fees that will be charged?
None. No early payment penalty will be charged if you pay off your loan early.
How much money can I borrow?
The loan amount is based upon the true market value of your car. You can normally loan up to $30,000, depending on the true market value.
How fast can I get the money?
You can be approved in just one hour. You can have a check or cash in your hands on the same day as the approval.
Do I need to have good credit to get a loan?
No, and no credit check title loans don’t check for credit ratings because the loan is already secured by the collateral.
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.