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Vehicle Title Loans York Ontario Ensures Loan Approval Even for Bad Credit Borrowers

September 9, 2016

Collateral vehicle title loans work by using your fully owned car and its car title to apply for a loan. The amount you get is based on the car’s true market value, so the lender hangs on to your car title as collateral by putting a lien on it. You get the lien removed and the car title back once you complete all the loan payments.

Credit checks never matter with collateral car title loans

Since the amount you receive is based on the true market value of your car, there is absolutely no need for credit checks. That means that you can get the loan approved even with bad credit or no credit. No credit check title loans will only determine if your car qualifies as the collateral while the car title must be lien free so a lien can be placed on it by the lender as the alternate collateral since the borrower is allowed to keep driving the car until the loan is fully repaid.

Low interest rates and reasonable terms

Interest rates for collateral car title loans are the lowest in the whole lending industry and the lowest when compared to unsecured and short term loans. Payments can be as low as $97 per month. Loan repayment terms are flexible and the longest up to 4 years.

All you have to do to apply is to:

  • Have the car inspected and appraised for its true market value so you can borrow up to $40,000.
  • Submit the lien free car title.
  • 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 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.