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Fast Cash Vaughan Ontario Only Needs a Car and Car Title as Collateral

July 21, 2016

Collateral car title loans work very well with borrowers

You can personally apply or apply online for collateral fast cash loans and submit the following:

  • Your car for inspection and appraisal for its true market value to determine the loan amount. You can borrow as much as $40,000.
  • The car title that serves as the collateral that you leave with the lender since a lien will be placed on it. When the loan is fully repaid, the lien is removed and the title is returned.
  • A valid driver’s license.
  • Proof of permanent residence.

Basic car or collision insurance may be required by lenders if there is none. This is for the protection of both the lender and the borrower since the car will continue to be used during the loan term duration.

Approval in just one hour

Collateral car title loans are approved in one hour after everything has been submitted and inspected. Lenders don’t resort to credit checking because credit ratings have no bearing on the loan approval. So long as the collateral secures the loan, the loan is approved.

How much interest rates are applied to the loan?

Interest rates for no credit check title loans can be offered much lower than the closest competition out there. This makes it the lowest interest rate in the lending industry. Payments can be as low as $97 per month with repayment terms up to 4 years.

For more information about collateral car title loans in Vaughan Ontario, 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.