To apply for a collateral vehicle title loan, it isn’t hard to meet the requirements and criteria to solve those financial emergencies.
When you’re facing those financial emergencies when you’re short on cash and you need to apply for collateral car title loans, the requirements and criteria aren’t that hard to meet. Your vehicle must be fully owned and paid to qualify as collateral. The car title must be lien free because this is left with the lender and a lien placed on it. The lien is removed when the loan is fully paid and the car title is returned to the borrower. You must have a valid driver’s license and any proof of permanent residence.
No credit checks are done
Collateral vehicle title loans do not need credit report checks because the loans are approved regardless of the borrower’s loan history. This is because the loan is already secured by the vehicle collateral. So long as the vehicle qualifies, the loan is approved in one hour.
All the documents you need to submit are the following:
- Filled out and submitted online application.
- Inspection and appraisal of the vehicle to determine the true market value.
- A valid driver’s license.
- The lien free car title.
- Proof of permanent residence.
What are the usual terms?
Loan payments terms usually range from 1 year up to 5 years, the most flexible you can find anywhere. The loan can be as little as $1,000 and as high as $25,000 depending on the true market value of the vehicle. You get to keep driving the vehicle while repaying the loan. Interest rates are the lowest in the whole lending industry because up to 70 percent lower interest rate can be offered versus any close competitor out there. No credit check title loans have the best benefits and advantages compared to any loans out there of the same nature.
Snap Car Cash is a leading collateral title lending company. This locally-owned and managed company has been helping in individuals with their finances offering collateral title loans for vehicles. They give borrowers a chance to get quick cash easily, with the lowest interest rates and loan payment terms from 2 years to 5 years. For more information about the company, its title loans and other services, call Snap Car Cash free at 1-888-886-SNAP (7627) and apply now or apply online.