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Quick Cash Oakville Ontario is Booming and Beating Out Short Term Loans

January 30, 2017

In the last four years traditional short term loans have been going flat. In the meantime, collateral car title loans are seeing a constant rise in the number of borrowers and even return business. This is because this loan carries better benefits and advantages than any short term loan out there.

Collateral car title loans carry lesser risks

Quick cash Oakville Ontario carry less risk because all you need to qualify is a fully owned car as collateral. The car title must be lien free because this is the actual collateral that you leave with the lender and a lien is placed on it. This is removed when the loan is fully repaid. The loan is secured due to the collateral.

Collateral vehicle title loans have better benefits

No credit check title loans carry the lowest interest rates in the lending industry and even lower when compared to short term loans. Payments can be as low as $97 per month. Loan repayment terms are the longest up to 4 years. No credit checks will be made because the loan is already secured by the collateral. So long as the car title is lien free, the loan can be approved in just one hour. The lender simply has to inspect and appraise the car for its true market value. This is to determine the loan amount that can be up to $40,000 can be borrowed. The borrower then only needs to show a valid driver’s license and proof of permanent residence.

For more information about collateral car title loans, or if you’re a subprime borrower, get in touch with Instant Cash Canada. You credit history 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 toll free 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.