Collateral car title loans don’t need credit ratings for approval. These loans have the lowest interest rates in the lending industry and the lowest interest rates even when compared to unsecured bank loans and short term loans.

You need collateral to qualify for the loan

To qualify for car title loans Markham Ontario all you need is a fully owned car. You also need a lien free car title to leave with the lender as collateral while you keep using your car. The lender simply puts a lien on the title until the loan is fully repaid. The lien is then removed and the car title returned to the borrower. The borrower only needs to present a valid driver’s license and proof of permanent residence.

Know the benefits of collateral car title loans

Applying for this loan means it gets approved in one hour after the car is inspected and appraised for its true market value. Loan payment term is the longest up to 4 years, making it the most flexible ever.

Do ask about the low interest rates

Interest rates for no credit check title loans are the lowest in the lending industry. They are certainly far lower than short term loans or unsecured bank loans. Payments can be as low as $97 per month. No early payment penalty will be charged if the loan is paid off early.

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.