A title loan provides fast access to emergency cash based on the worth of a fully owned car. Anyone can apply because the loan is not based on credit ratings, so the loan is still approved in one hour even if the borrower has bad credit or no credit so no extensive credit checks need to be done. While paying off the loan, the car remains in possession of its owner until the loan is fully repaid.
Your car as collateral for the lowest interest rates
Collateral car loans are secured loans because it is based on the collateral. This type of loan is low in risk, so it can be given at the lowest interest rate, the lowest in the lending industry.
All types of credit applicants are accepted
No credit checks are needed to be done by the lender to approve collateral car title loans. These loans are already secured by the collateral. So long as the car is fully owned and paid up, and the car title is lien free, they qualify as collateral. Only the car title is left with the lender who places a lien on the title for the duration of the loan term or until the loan is fully repaid. The loan is approved in one hour after the borrower shows a valid driver’s license and proof of permanent residence. You can borrow as much as $30,000. If the loan is paid off 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.