Applying for Car Title Loans Pickering Ontario
Contrary to popular belief, collateral vehicle title loans are not expensive
People normally take out collateral car title loans for unexpected emergencies. There may be other options like short term loans or unsecured bank loans, but these only offer very high interest rates and these loans may not be approved if the borrower happens to have bad credit. They aren’t expensive because they offer much lower interest than the closest competition out there.
It’s easy to apply because aside from your application all you need to show and submit is:
- Your car for inspection and appraisal for its true market value. Based on this you can borrow up to $40,000
- The car title that should be lien free because the lender needs to place a lien on it during the duration of the loan term or until the loan is fully paid.
- A valid driver’s license.
- Proof of permanent residence.
Other great benefits
The borrower is allowed to continue driving the car while repaying the loan. After the loan approval in just one hour, the lender gives you the money and places a lien on the car title. Loan payment terms for collateral vehicle title loans are the longest up to 4 years. No early payment penalty will be charged if the loan is paid off early.
How much is the interest rate?
Interest rates for no credit check title loans are the lowest in the industry. They can go much lower than anything the competition can offer. Payments can be as low as $97 per month.
For more information about collateral car title loans in Pickering Ontario, 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.