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Quick Cash York Ontario or Car Title Loans Have Bigger Advantages Over Other Loans

April 5, 2016

Collateral car title loans are backed by a fully owned car as collateral.

Since you can’t leave your car with the lender, you need a clear and lien free car title as the collateral to leave with the lender. With unsecured loans and short term loans, not only will they not be approved if you have bad credit, but they offer very high interest rates. This is never the case with collateral quick cash loans.

Collateral vehicle title loans need no credit checks

Collateral vehicle title loans are secured loans so credit ratings will not matter with the loan approval. This is because the secured loan is backed by the collateral.

Loan approval and cash release is fast

No credit check title loans allow borrowers to get approved in one hour and with the lowest interest rates in the lending industry, even when compared to unsecured loans and short term loans. Payments can be as low as $97 per month. Loan payment terms are the longest up to 4 years.

What you need to prepare

All you need is to bring the car for inspection and appraisal for the loan amount, the car title, your valid driver’s license, and proof of permanent residence. When the loan amount is released in the same hour the loan is approved, the borrower gets to continue using the car while repaying the loan. You can borrow as much as $40,000.

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.