Collateral loans in Berkeley

The fast approach to emergency funding

Collateral can be defined as something pledged as security for repayment of a loan, to be forfeited in the event of a default. The biggest and most frequent use of collateral is of course in the shape of a mortgage which is advanced against the property being purchased. Collateral requirements ensure that a loan is secured which offers more security both to the borrower and the lender and it is this added security which usually enables the lender to offer better terms when compared with unsecured loan.

The many advantages of collateral loans

One of the most advantageous of all the collateral loans for the people of Berkeley CA are car title loans. The way that these loans work is that the collateral is provided by the unexpired equity of a privately owned motor vehicle. This approach has many advantages. Firstly your car is easily available with the ownership documentation is readily accessible. But there’s a double whammy here! With collateral loans your car isn’t locked up in a pound pending loan repayment. On the contrary, you are free to carry on using your car throughout the repayment period.

collateral loans in Berkeley CA

The process that happens is that as a means of providing our customers with the cash they require, we as lenders assume the ownership (or title) to the car during that repayment period. Technically we become what is known as lien holders but, of course, as soon as all the repayments have been made, the documents that have to be handed to us in exchange for money are returned and full ownership rights revert to the original owner.

Collateral loans are available in a wide range between $2,600 and $20,000 and can be used for any purpose whatsoever. The application process can be started right away, either by phone or via this site.

Apply easily by filling in the form above or Call Now (510) 871-5005  to be transferred to Montana Capital

5 Star Loans, Inc., California Finance Lender #603J988, acts as the broker for the loans, and is not the direct lender. Loans made pursuant to California Finance Lenders Law License # 603F508 Montana Capital Car Title Loans (Simple Cash Loans Inc., DBA)