Equity Loans York Ontario Are Collateral Car Title Loans that are Easy to Qualify For

To qualify for a collateral car title loan, all you need is to meet the following criteria:

  • Have a car that must be fully owned and paid for. Lenders for collateral equity loans will inspect and appraise the car for its true market value to determine the loan amount.
  • Have a lien free car title.
  • Make sure that the overall engine performance and the condition of the car is more than satisfactory.

You must also be able to provide the following:

  • A valid driver’s license.
  • Proof of permanent residence.
  • The car itself for inspection and appraisal after which the loan is approved in one hour.

No credit checks are needed

No credit checks will be done by the lender once the car and car title has been secured as collateral. Likewise, no early payment penalties will be charged should the borrower be able to pay off the loan early before the end of the flexible and longest repayment terms of up to 4 years. Loan amounts for no credit check title loans are determined by the true market value of the car.

Interest rates and terms

Loan interest rates for collateral car title loans are the lowest compared to unsecured bank loans and short term loans. Interest rates are also the lowest in the whole lending industry. Payments can be as low as $97 per month. They can be as flexible and the longest up to 4 years.

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.