Even if your credit is bad, you can still apply for collateral vehicle title loans. This loan is now increasing in popularity because of the low interest rates, flexible terms, and the ease of applying.

You only need a fully owned car as collateral

Because of emergencies or urgent financial needs, this loan has become the best option for many people. The only collateral you need to qualify for the loan is a fully owned car and its lien free car title. This collateral will be checked, inspected, and appraised for its true market value to determine the loan amount.

No credit checks need to be done

Aside from the fact that car title loans Kitchener Ontario do not need credit checks since credit ratings will not matter in the loan approval, the interest rates are the lowest in the lending industry. Payments can be as low as $97 per month.

The loan is already secured by the collateral

Another big attraction is the fact that no credit check title loans offer the most flexible and the longest terms up to 4 years. No early payment penalty will be charged if the loan is paid off early. All the lender needs to submit to have the loan approved in one hour after the car is appraised is 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.