What is a collateral car title loan?
Collateral car title loans are based on the true market value of your fully owned car as collateral. During the loan payment period you still remain in possession of the car and keep driving it.
Why get a collateral vehicle title loan?
The reasons for getting the loan may vary from a sudden financial emergency to any urgent payments. Collateral vehicle title loans are far better than getting high interest short term loans and unsecured bank loans.
What happens to the car title after the loan is paid in full?
After the loan is fully paid, the car title is returned to the borrower by the lender immediately and the lien placed on the title is removed.
How long is the application process?
Application is very simple and takes only one hour. Be sure to bring your valid driver’s license and proof of permanent residence. The lender will inspect and appraise the car for its true market value. Based on this the loan amount can be as much as $35,000.
Will the lender perform a credit check?
Your credit rating will not matter since the true market value of the car already secures the loan. No credit checks are needed for the loan approval. It only takes one hour to process the loan.
How are the interest rates?
No credit check title loans offer the lowest interest rates in the lending industry. Payments can be as low as $99 per month. Loan payment terms are the longest up to 4 years.
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