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Turning Your Car Title into Car Loans Burlington Ontario

October 27, 2016

When you have lien free car title you can convert this into fast emergency cash by applying for a collateral vehicle title loan.

If you fully own your car and lien free car title, you can turn these into fast emergency cash with the help of collateral car title loans. These loans only need to use the true market value of your car to secure the loan because the car and car title qualify as collateral.

Your car as collateral

Lenders of collateral vehicle title loans require the collateral to be in good condition. This means the body and engine must be in good condition and rust free, without mechanical problems, very roadworthy, and will past all emission tests. These are all factors to determine the car’s true market value to determine the loan amount. This can be up to $40,000.

Get loan approval in one hour and keep driving the car

No credit check title loans allow the borrower to keep the car while paying off the loan. The lender simply keeps the car title and registers a lien on it. The lien is removed and the car title returned when the loan is fully repaid. Since the loan is fully secured by the collateral no credit checks are done at all. Bad credit or no credit has no bearing on the loan approval. No early payment penalty will be charged if the loan is paid off early.

No worries with the interest and payment terms

The borrower need not worry about interest rates because these loans offer the lowest in the whole lending industry. Payments can be as low as $97 per month. Loan payment terms are the longest up to 4 years.

For more information about collateral car title loans in Burlington Ontario, or if you’re a subprime borrower, get in touch with Instant Cash Canada. You credit history will not matter with us because what’s important is the car title loan you need. All you need is to call Instant Cash Canada now toll free at 866-840-7395. Apply now and our dedicated team will immediately get to work and gather all the information necessary to get you the loan you need.