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What You Need to Know About Car title Loans Kitchener Ontario and Its Requirements

January 26, 2017

Getting collateral vehicle title loans may seem so easy, and yet in all honesty there are no hidden or catchy conditions. Basically, the only real requirement to qualify for this loan is that you must be the unquestioned full owner of a private motor car and that its car title must be lien free. This is because the lender takes hold of the car title and places a lien on it. The lien is removed when all loan payments have been completed and the car title is returned to the borrower.

Keep driving the car

Even while making the loan payments you still own the car and keep driving it until the loan is fully repaid. Car title loans Kitchener Ontario are the most flexible and have the longest payment terms up to 4 years.

Get a collateral car title loan for any purpose

This loan is available for all because there is no necessity to examine your credit rating. While unsecured bank loans and short term loans won’t approve a borrower with bad credit, so long as the collateral qualifies, no credit check title loans are approved in just one hour. Also since the loan amount is based on the car’s true market value after inspection and appraisal, you can borrow up to $40,000.

The best pros for collateral car title loans

The best benefit is that this loan charges the lowest interest rates in the lending industry. Payments can be as low as $97 per month.

For more information about collateral car title loans, 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.