If you’re looking for a way to borrow money, a car title loan is your best option. We at Super Collateral Loans are here to provide you these loans with no income verification and offer the best terms in the industry. To understand how it works, let’s start with the basics.
What Exactly Is A Car Title Loans?
A Car Title Loan refers to getting loaned money using your fully-paid vehicle as collateral. We will provide you a loan based on the equity value of your car and the maximum amount you can borrow is $40,000. The documents required are; a valid driver’s license, insurance papers and vehicle registration under the borrower’s name. This allows us to provide short-term loans with no income verification or credit checks.
What Is The Risk?
With traditional methods of lending, a bank must see a legitimate income source to be approved for a loan. After all, money is only as good as the collateral backing it up. But with car title loans, there is no need for an income verification or credit check, which means that this type of loan could be availed by anyone.
Thinking about Applying for a Loan?
We care enough to make sure that your quick cash needs are provided on time. There are no requirements or documents needed to show that you can afford to pay for the amount you’re borrowing or how much you’ve borrowed in the past.
We are simply looking at your car title as collateral for the loan. You only need to submit the car title and the spare set of car keys, while you keep the car with you.
How Do Car Title Loans Work?
After you fill up our application form on our official website, we will fix an appointment and inspect the vehicle that you’re putting up as collateral. The car must have a clear title and should not be older than 10 years. The required documents will be checked with no income verification and then handed back to you. If the documents are good and the vehicle is satisfactory, we will then process your information and request immediately.
What Happens Next?
We at Super Collateral Loans, will go over your paperwork and your application form then discuss the details of the agreement. Typically, this will take a few hours’ time so that we can decide the payment terms and monthly payment schedule.