For Those Unexpected Money Problems Your Best Bet is to Get Car Title Loans Brantford Ontario

February 20, 2017

Getting collateral vehicle title loans is the process of pledging an asset in exchange for a loan. This is using a fully owned car and its car title as the collateral for the loan.

The basics of collateral car title loans

For car title loans Brantford Ontario you use your car and car title as the collateral. No credit checks will ever be done by the lender because no credit ratings will matter as the loan is already secured by the collateral. Loan approval usually takes one hour, and as much as $40,000 can be borrowed for the loan.

Interest rates and loan payment terms

Interest rates for no credit check title loans are the lowest when compared to unsecured bank loans or short term loans and the lowest in the lending industry. Payments can be as low as $97 per month. If the loan is paid off early, no early payment penalty will be charged. Loan payment terms are the longest up to 4 years.

Other alternatives to collateral car title loans will fail miserably

There are certainly other alternatives such as short term loans or unsecured bank loans. You may be able to borrow from these but these alternatives carry higher interest rates, shorter payment terms such as 30 days or 60 days, and your credit rating will most certainly be checked.

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.