back to articles | December 31, 2018 | Greg Thibodeau
Categories:   Types of Car Loans
Wide Selection of Collateral Loans
The collateral loan or secured loan, as it is often called, is available for the borrower against the placement of an individuals' collateral. They are called many things so understanding which type of loan you are looking for is very important. Know the difference of a Title Loan verses a Payday Loan and don't confuse auto refinance and auto loans used to buy a car with these. For definitions sake, the term "collateral" or "secured" loan is property or an item of value, such as an auto that you have or want to buy, that you can borrow against. The amount that can be borrowed is dependent upon the value of collateral. Depending upon borrower's collateral value and repaying capacity, the lenders on our platform approve the loan and you can compare and choose the offer that is best for you. Under a collateral or secured loan, a greater amount can be provided at a reasonable interest rate and dependent upon your credit history which allows for a flexible repayment term. The competitive rate of interest charges is the key factory for most borrowers.
There are a number of companies that offer a wide selection of collateral loans. Using modern technology, they can provide many vehicle financing solutions to customers of various credit backgrounds – they are all called collateral loans. Applying online for a purchase of a new car or a refinance of an existing car is all about making the whole process of getting an auto loan (aka, collateral loans) easier, more convenient and worry-free for customers, finance companies, as well as dealers. Due to our many years of experience in helping our customers obtain auto loans (collateral loans) we have become the business of choice for different type of auto financing loans. Our finance partners are the leaders in the financial and auto lending (collateral loans) industries. Payday loans are another type of collateral loan that we currently do not do, but we have partners that can be of assistance. Try visiting our Tools & Calculators page for assistance.