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The Requirements for Applying for Car Title Loans Caledon Ontario is Minimal and There Are No Hidden or Catchy Conditions

September 6, 2016

Getting collateral vehicle title loans is easy and in all honesty there are no hidden or catchy conditions. Basically, the only real requirement to qualify for the 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 paid up. Collateral car title loans are even the most flexible since repayment terms run up to 4 years.

Get a collateral vehicle title loan for any purpose

No credit check title loans are available for all because there is no necessity to examine your credit. While unsecured bank loans and short term loans won’t approve a borrower with bad credit or no credit, so long as the collateral qualifies, collateral auto 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 of a collateral auto title loan

The best benefit is that this type of loan charges the lowest interest rates in the whole lending industry. Much lower interest rate is offered so 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 score 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 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.