What is a Same Day Cash Collateral Loan?

same day cash collateral loan

 

You  must have heard about collateral loans before? This is where you  use some sort of asset as security with the lender to get a loan. These things are very common and have been in existence for  centuries. There were times when the lender was able to hand over the cash to the borrower that very instant. Then came times when a lot of security checks were done to ensure that borrower meant right when asking for money. Now  with the advancement in technology, new and better financial tools are coming up to help the financially distressed. The demand for loans is increasing day by day as we keep advancing towards a better standard of living. To meet the rising needs of day to day life, people are in search of loan options  like Same Day Cash Collateral Loans. 

These loans are a blessing for people in need of immediate cash. There could be many reasons for such urgent requirements. One might be late in paying the utility bills, or might be planning a vacation for the family, or even be caught up in some silly money crunch. For such immediate requirements, one cannot depend on banks. They can take forever to process, only to be left with late or no money at all. Banks and other traditional institutes have a strict way of processing loan requests. They need a credit score of more than 650* (*different banks have different credit score criteria) to even consider the loan request. Apart from this, they even peak at your  job profile and credit records. A lot of things are kept in mind by these institutes. It has become tougher than ever to get a loan. But that’s not the case with same day cash collateral loans. First and foremost point of interest for the borrower is the same day processing and disbursement of the loan. The documentation for loan and collateral are processed the same day, in fact within hours. Car Title Loans Canada is an expert of these loans.  

Getting to know them better…

For  these loans, the borrower  uses the title of his car as collateral to obtain funds. This means  the title of the car is kept with us temporarily in exchange for the loan. The loan given is in the form of cash. You get to borrow cash  and keep your car. Nothing could be more convenient and quick!. The following are some more points to keep in mind about same day cash collateral loans:

  • Applicant can fill the online form within minutes.
  • No job requirements
  • Bad credit history is also not an issue while applying for these loans. 
  • No need to pay any early payment  penalties or charges if you want to pay off the loan in full earlier than expected. You are free to close the account by paying the remaining loan amount when you want. 
  • Cash is given out to the applicant within hours of processing and verifying the loan. 
  • Interest rates  are lower than what is available with our competitors.
  • Loan payments are affordable and spread out into 4 year loan terms. 

Minimum Requirements

A Same day cash collateral loan against your car title is your way out of your money problems like medical bills, utility bills, divorce and many more that come your way uninvited. One never really knows when a financial emergency can strike and uproot your routine and disturb your peace of mind. Opting for car collateral loan requires very basic documentation which a car owner normally carries all the time. Requirements include:

  • A Canadian Driver’s License
  • Proof of legal age based on their respective province
  • Proof of permanent residency
  • A fully paid off vehicle, no older than 8 years 
  • Registration and insurance papers of your vehicle in your name
  • Clear lien-free title on your vehicle 
  • Second set of keys for your vehicle

Car Title Loans Canada deals with same day loans daily and has helped thousands of Canadians come out of money woes by providing timely loans. You also can solve your financial  issues by using your car title as your way to get cash! Get in touch with us today to know more about Same Day Cash Collateral Loans. Call us at toll-free 1-877-804-2742 today or apply online

You can follow us on social media:

Facebook: https://www.facebook.com/Canada-Car-Title-Loans-482149178844933/

Twitter: https://twitter.com/CNcartitleloans

Fix Your Credit Score With A Bad Credit Car Title Loan!

Car Title Loans Canada has been catering to thousands of customers since 2004. We provide short-term bad credit Car Title Loans to meet your financial needs, where your vehicle is your credit. You get to keep the vehicle during the loan and you can pay back your loan anytime without penalties.

We provide the best loan services and:

Lend you the maximum amount of money based on the current market value of your car and your car title ownership.

Create a comfortable environment for our customers. We keep your personal information private and confidential.

❖ Provide fast funding by continually seeking ways to automate the title loan process. Build the trust of our customers by being upfront and honest in all transactions and interactions.

Loan Process:

Step 1    Give us a quick call or fill the online application.

Step 2 Minimal documents required such as a copy of your Driving License. The list of paperwork is short and stuff you already have, making it easy to complete this part in under an hour.

Step 3    Finalize all your loan details in  about 15 minutes and get your cash. It’s just that easy.

Step 4    Keep your car and drive away.

Our Benefits:

No credit checks.or job requirements.

Low-interest rates

Same day cash.

Affordable  payments as low as $97/month

Expert loan representatives.

We don’t care about any of your financial history; we are just here to help you with your financial problems. We only base your borrowing amount according to the current market value of your car.

You can call us (toll-free) 1-855-653-5451  or apply online for you bad credit car title loans now

You Can Also Follow Us On Social Media:


Facebook: https://www.facebook.com/Canada-Car-Title-Loans-482149178844933/

Twitter: https://twitter.com/CNcartitleloans