Loans are helpful financial tools that rescue us from unwanted financial struggles. Although they can provide what we need, they are getting highly competitive to get qualified for. Banks and lenders ask for a lot of paperwork in order to approve your loan request. It has become a daunting task to approach a bank for financial assistance.
To avoid the hurdles that come your way when you are trying your best to secure finance as soon as possible, you must opt for car title loans. If you are ready to use your loan-free, lien-free vehicle as collateral, you can get an easy finance of up to $40,000 based on the equity value of your car.
The USP of this loan service is that the borrower doesn’t have to let go of his car, once he uses it as collateral to secure his loan. He is free to use it even after he gets the loaned funds and starts to make monthly payments for the loan.
An auto title loan has a lot of advantages over a bank loan especially for people with low credit scores. Generally, a loan application of a person with a low credit score gets rejected or he has to pay a higher rate of interest, if the loan is from a bank.
But, we here at Super Collateral Loans can guarantee that you are able to get adequate financial help exactly when you need it. With this in mind, a good credit score is not a mandatory requirement for this loan. Also, we don’t require a ton of paperwork on your end. In order to qualify for a vehicle collateral loan, you need to submit the following documents:
- Proof of legal age in your location
- A vehicle that is already fully-paid
- A clear vehicle title
- The vehicle must be registered and insured
- A valid Canadian driver’s license
- Proof of permanent residency
- A second set of car keys
What Are The Benefits?
Easy finance from Super Collateral Loans helps you in many ways. It’s far better than getting a personal loan from a traditional source.
- You can apply for our loan at the comfort of your own house.
- The documentation process is simple and hassle-free.
- You get the loan approval in less than a day.
- There’s no need to surrender your car to us when you are taking a title loan against it.
- We give open opportunities to our borrowers to return the loaned money before the completion of the term.
- Even if you don’t have a job as of now, you can still apply for this loan to manage your day to day expenses.
- The interest rate you get on this loan is the most competitive in the car title loan industry.