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Car Title Loans Milton Ontario Aren’t Hard to Prepare For

July 8, 2016

Applying for collateral vehicle title loans means that all that is needed is that your car must not be more than 8 years old. The car must be fully owned and the car title should have no liens on it. Naturally, the borrower must have a valid driver’s license and proof of permanent residence.

No background checks needed

Collateral car title loans don’t have to employ any form of credit checks. The loan is approved regardless of the borrower’s loan history because the loan is secured by the collateral. Bad credit or no credit has no bearing on the loan approval.

Once you meet all the requirements and criteria, all you need to submit are:

  • The filled out and submitted online application.
  • Inspection of the car.
  • Valid driver’s license.
  • The car for loan appraisal based on its true market value to determine loan amount. This can be up to $40,000.
  • Car registration and car title.
  • Collision insurance.

Better terms with the lowest interest rates

No credit check title loans usually have terms up to 4 years. You even get to keep driving the car while repaying the loan. The loan can be paid off anytime within the loan term and no penalties will be charged for early payments. The loan enjoys the lowest interest rates in the whole 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 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.