Collateral car title loans offer a wide range of benefits especially for those who have to solve some unexpected financial emergency but do not have enough cash available. The following is a brief rundown of reasons why this loan makes for a great solution.
Easy to qualify
A collateral car title loan is easy to qualify for. If you fully own a car and do not owe anything else on it, this qualifies as collateral. The car title should also be lien free. The process is very simple: Have the car appraised and inspected for its true market value, show a valid driver’s license, show proof of permanent residence, and allow the lender to hold on to the car title by placing a lien on it.
If you meet the minimum requirements, it only takes one hour to get the loan approved. The loan amount is released within the same day. Up to $30,000 can be borrowed based on the car’s true market value.
Easy interest and easy payment terms
Interest rates for title loan Kelowna British Columbia is the lowest when compared to unsecured bank loans and short term loans and the lowest in the whole lending industry.
Bad credit or no credit is no problem
Bad credit or no credit is not a problem. Your credit rating is not checked at all. No credit check title loans are not approved based on credit rating 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 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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