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Applying for Equity Loans Newcastle Ontario

August 4, 2016

Contrary to popular belief, collateral car title loans are not expensive

People normally take out collateral equity loans for unexpected emergencies or urgent money problems. There may be other options like short term loans or unsecured bank loans, but these only offer really high interest rates and these loans may not be approved if the borrower happens to have bad credit. This loan isn’t expensive because they offer much lower interest than the closest competition ever.

It’s really easy to apply. Just submit:

  • Your car for inspection and appraisal for its true market value. This is standard for all collateral vehicle title loans to determine the loan amount. You can borrow up to $40,000.
  • The car title that should be lien free because the lender needs to place a lien on it during the duration of the loan term or until the loan is fully paid.
  • Valid driver’s license.
  • Proof of permanent residence.

Other great benefits from the loan

The borrower is allowed to continue driving the car while repaying the loan. After the loan approval in just one hour, the lender gives you the money on the same day. Loan payment terms are the longest up to 4 years. No early payment penalty will be charged if the loan is paid off early.

How much is the interest rate?

Interest rates for no credit check title loans are the lowest in the industry. They can go as low as $97 per month or lower than anything the competition can offer.

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.