Low Monthly Car Collateral Loan in 2020

low monthly car collateral loans

A financial crisis can happen at any time, and at times, can burn a hole in your pocket. Financial emergencies pop up at the most unexpected times, and your monthly utility bills keep piling up. Emergency savings or a quick loan usually can take care of these unexpected expenses. At times, emergency savings also might not be enough to help you resolve your financial problems.. This article provides insights on what low monthly car collateral loans (also known as car equity loans) are, how they’ve  proven to be helpful for  and how you can use your car to obtain funds within a day of applying. 

A Car title loan is a type of loan in which your vehicle title is used as collateral. This loan uses the title of your car as security to provide you with funds. You  get to  borrow  a percentage of the equity value (also known as market value) of your car. These loans are helpful for those who own a car and can make the best use of it apart from just driving it. All you need to do is fill out the application form, submit the minimum documentation and get prequalified  in less than an hour. 


Such a loan helps since it comes with various benefits.

  • Quick Secured Loan

When you opt for a vehicle title loan, you get the money instantly. We understand that waiting is not an option when there is a dire need of money. You’ll get the money within hours of your loan approval with us. The policy of “Cash on same Day” is what we follow.

  • No Job Requirement

You don’t have to worry about your credit score or your job. You get the approval irrespective of  low credit or no credit at all, solely based on your vehicle details. Your fully paid for vehicle is the most important factor in this loan and that is what  matters. We don’t do any employment verification on our customers.

  • Keep Your Vehicle

Once documents are  verified and the car gets inspected, you can keep your car for the complete duration of your loan term. This means, you get to keep and use your vehicle as usual without having to surrender it. As soon as you pay back the loan, you are free to walk away with your vehicle title as well. 

  • Interest Rates

We provide the loans at competitively  lower interest rates in the industry which make monthly payments manageable, affordable and budget friendly. That’s why we are the number one choice for many Canadians when it comes to low monthly car collateral loans.

  • No Prepayment Penalty

No penalty is charged in case the loan is repaid before the completion of the set duration as is the case with loans from banks. You can pay off your loan by making an early payment as per your convenience. We provide flexible payment options. We make sure that our clients are at ease and remain stress-free for the entire duration of their loan.

  • Pay off expenses and cover short term financial needs

When you are in financial trouble and do not want to borrow money from any relative or friend, your car will help you get rid of the money problems by providing instant funds. It will help pay off your expenses so you can return to your daily routine as quickly as possible.

Eligibility criteria for a Car Collateral Loan:

  • You must be of legal age as per your province and a permanent resident of Canada.
  • You must own a lien-free vehicle that is not more than 10 years old and should have a clear title. 
  • Your vehicle must also be registered and insured in your name.
  • You must possess a valid Canadian driver’s license
  • You must have the second set of keys to your car.

Applying for a low monthly car collateral loan is easy with us. All you need to do is fill out the easy paperwork, get a quote, get the approval; and then you can drive off with the funds. Call us (toll free) (855) 622-8564 if you have any questions. One of our friendly loan agents will provide you with the information you need and will walk you through the entire loan procedure within minutes. You can also apply online. 

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