Basically, fast cash loans in Peel Ontario use the car title of a fully owned car as collateral to borrow a principal amount of money.

A collateral title loan is basically a secured loan

When applying to secure the loan, the borrower pledges the lien free car title as collateral. The lender inspects and appraises the car for its true market value to determine the loan amount.

Collateral vehicle title loans are basically emergency loans

Collateral vehicle title loans have repayment terms up to 4 years. Interest rates are also the lowest in the lending industry. They are also even lower if you compare them to unsecured loans. Payments can be as low as $97 per month.

Other great benefits

Aside from the very low interest rates and reasonable payment terms, the borrower can still keep the car and continue using it while repaying the loan. Loan approval is fast, usually taking an hour, and the cash is released on the same day as the approval. Not much paperwork is needed for the loan approval except for the car title, your valid driver’s license, vehicle registration, and proof of permanent residence. No credit checks need to be done for the loan approval of no credit check title loans.

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.