Quick Cash Camrose Alberta Loans are the Same as Car Title Loans

Collateral car title loans are secured loans

Secured loans have lower interest rates and use only corresponding collateral. Unsecured loans are without any collateral but come at higher interest rate and will only be approved if the borrower has good credit. Naturally, with secured collateral quick cash loans, the loan is secured by the collateral which is the fully owned car and the car title.

Requirements for the loan

  • Must be 18 years or above.
  • Valid driver’s license.
  • Vehicle title with no outstanding liens on it. The car title is left with the lender as the collateral and the borrower continues using the vehicle.
  • Proof of permanent residence.
  • Vehicle registration and vehicle insurance.
  • The vehicle itself for a detailed inspection and appraisal for its true market value.

Collateral vehicle title loans are a blessing

Collateral vehicle title loans are considered a blessing because the amount of money you can borrow is usually high because it is based on the car’s true market value. The repayment loan term runs long and flexible up to 4 years. No early payment penalty will be charged if the loan is paid off early. Interest rates are also the lowest in the lending industry. Payments can be as low as $97 per month for no credit check title loans.

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.