Equity Loans Camrose Alberta is Associated with Getting Quick Emergency Cash for Urgent or Unexpected Needs

The basic concepts of a collateral vehicle title loan

Collateral equity loans work by using a fully owned car and its car title as collateral by the borrower who applies for the loan. The car title must be lien free to qualify as collateral. The amount of the loan is based on the true market resale value of the car after inspection and appraisal by the lender.

Lowest interest rates

Interest rates for collateral vehicle title loans are the lowest in the whole lending industry and the lowest when compared to unsecured bank loans and short term loans. Much lower interest rate can be offered against the closest competitor. Payments can be as low as $97 per month.

It only takes an hour

Applying for the loan can be processed within one hour. The lender inspects and appraises the car and car title for its true market value, and the borrower then shows a valid driver’s license and proof of permanent residence. It’s that simple and fast.

Payment terms are the longest ever

Loan payment terms for no credit check title loans are the longest and most flexible up to 4 years. Should the loan be paid off early, no early payment penalty will be charged.

Car Title Loans Canada is a leading collateral title lending company. This locally-owned and managed company has been helping in individuals with their finances offering collateral title loans for vehicles. They give borrowers a chance to get quick cash easily, with the lowest interest rates and loan payment terms that are flexible and the longest. For more information about the company, its title loans and other services, call Car Title Loans toll free at 1-877-804-2742 and apply now or apply online.