When a financial emergency strikes, you likely feel the need to borrow some money especially when your savings aren’t enough. You may ask your close friends to lend you some money but you can’t rely solely on this option. Loaning money from a bank or credit union is another option but it doesn’t usually happen in one day. Lending institutions take a good amount of time to review the borrower’s profile thoroughly before disbursing funds. So what if you need the funds quickly? . A situation like a medical emergency requires you to be ready with instant funds. For such instances, we are here to provide you with a low monthly car collateral loan.
What Is A Car Collateral Loan?
In order to borrow money through a collateral loan, a borrower must use something valuable as security to borrow money in return. Super Collateral Loans provides loans to its customers using this concept. We provide car title loans or car collateral loans to our customers who need quick money using their car. To apply for the loan the first thing is that the borrower must have a fully paid off vehicle,making sure the vehicle has a lien-free car title. . Using the title of your car, you can borrow up to $40,000. The amount you can borrow will depend on the market value and the condition of the car. In other words, the equity of your vehicle will help calculate the loan amount you are eligible for.
For any loan, paperwork is key. Many lending institutions have quite a bit of paperwork and request the borrowers to submit one document after the other. This makes the whole process tedious and also frustrating. On the contrary, our required documentation is minimal and requires a borrower to submit everyday accessible documents. This helps the borrower get quick loan approval. Below are the minimal requirements for our vehicle title loan:
- A lien-free vehicle with a clear title
- The vehicle shouldn’t be older than 10 years
- A Valid Canadian driver’s license
- Proof of permanent residence
- Registration and insurance of your vehicle in your name
- The second set of keys to your car
Benefits of a Car Title Loan
Without any doubt, we can proudly say that our lending process is in favor of the borrower. All across Canada, no private lender can provide benefits to the borrower the way we do. Below are some major benefits we provide our customers when they apply for a low monthly car collateral loan with us:
- No credit checks are performed enabling anyone to apply even those with a bad credit score.
- No prepayment penalty is applied when the borrower makes an early payment for the loan and closes the account.
- Keep your vehicle and use it as you normally would. We don’t keep or store your car for the loan.
- We also don’t ask for proof of income or verify your employment. . This means it is easy to apply for a car title loan for those who are temporarily in between jobs.
- We do same day disbursal of funds provided the borrower submits all the required documents in a timely manner.
We want our customers to be happy even in times of distress. Money can stress you out but with our car collateral loans, you can easily look after those overdue credit card bills, utility bills, or medical bills. So next time you find yourself in need of quick funds, try us. We will make sure to provide you with a car collateral loan quickly.
Call us toll-free number 1-855-251-3556 to speak to one of our loan agents today. You can also easy apply online from the comfort of your home or mobile device