Car Loans Newmarket Ontario is a Very Simple Concept for Loans

September 15, 2016

A collateral vehicle title loan is a simple concept

The borrower has their car’s worth assessed and receives money based on that amount. The car title is then handed over to the lender until the money is repaid. A lien is placed on the car title by the lender. Once the loan is fully paid the lien is removed and the car title is returned. Thus, collateral car loans need only a fully owned car and lien free car title as collateral for the loan to be approved in one hour. No credit checks are needed.

Unlike other traditional loans, this loan allows a borrower to get quick cash

Collateral vehicle title loans are approved even if there is bad credit or no credit. Literally the only thing that matters is proof of one’s ability to repay the loan. It is a second chance for those who have been victims of unfortunate financial circumstances. You can borrow up to $40,000.

Collateral vehicle title loan terms

Borrowers can choose how much and how often they wish to pay back, and may pay the full amount at any time without incurring an early payment penalty charge. Best of all, the recipient’s car is still in their full possession while repaying the loan. Loan payment terms are the longest up to 4 years. No credit check title loans have the lowest interest rates in the lending industry. Payments can be as low as $97 per month.

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.