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Instead of Car Pawning You Can Go for Car Title Loans Georgina Ontario

September 15, 2016

Collateral car title loans can use any fully owned car as collateral. The lender holds on to the car title while the loan is being paid. The borrower is allowed to continue using and driving the car.

On the other hand with car pawning, you are required to bring your car to the pawnbroker and leave it there for the entire time you are paying back your loan.

Credit rating will not matter with collateral car title loans

Collateral vehicle title loans never takes into account your credit rating for the loan approval. Any person holding a lien free car title is eligible to apply.

The great benefits of collateral car title loans

The loan is amount is based on the car’s true market value after it is inspected and appraised. You can borrow up to $40,000. Interest rates are the lowest so payments can be as low as $97 per month. Repayment terms are the longest and most flexible up to 4 years.

The loan and car insurance

As you continue to drive your car you are required to insure the car before you apply for no credit check title loans because the loan is fast approved in one hour with no credit checks. This is due to the fact that you will continue driving it for the duration of the loan term.

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.