Collateral car title loans are secured by a fully owned car and car title as collateral. The borrower’s car title must be lien free. The borrower leaves the car title with the lender and a lien is placed on the car title until the loan is fully repaid.

How does a collateral car title loan work?

Collateral quick cash Calgary Alberta are easily approved in one hour after all minimal requirements are submitted, the car is inspected and appraised for its true market value, and the borrower can show a valid driver’s license and proof of permanent residence. The loan is approved even if the borrower has bad credit because the loan approval is not affected.

Do collateral car title loans have lower interest rates?

No credit check title loans have the lowest interest rates in the lending industry. Payments can be as low as $97 per month.

How long is the loan payment term?

Loan payment terms are the longest and most adjustable up to 4 years.

Will the lender conduct a credit check?

No credit checks are necessary because the loan is already secured by the collateral. So borrowers with bad credit or no credit have nothing to worry about with the loan approval.

How much can be loaned?

This will, of course, depend on the car’s true market value after the appraisal. No early payment penalty will be charged if the loan is paid off early.

For more information about collateral car title loans, or if you’re a subprime borrower, get in touch with Instant Cash Canada. You credit history will not matter with us because what’s important is the car title loan you need. All you need is to call Instant Cash Canada now toll free at 866-840-7395. Apply now and our dedicated team will immediately get to work and gather all the information necessary to get you the loan you need.