Do I Qualify
To qualify for a loan with Instant Cash Canada, you must meet the following minimum requirements:
- 18 years of age or older.
- Fully owned vehicle (car, truck, motorcycle, etc.)
- Vehicle must be both:
- Less than 10 years old
- Less than 170,000 KM
- Valid Insurance with Collision Deductible .
- Valid Drivers License
- Valid Registration
- You must have the vehicle registered and insured in your name.
- A second set of keys to your vehicle.
The fees associated with lending are all wrapped into a minimum monthly payment. Every payment you make goes towards, interest, fees and the principal. You will NOT be merely paying off interest every month – this ensures that you complete your loan and minimize the debt each and every month.
The fees include the cost of borrowing, gps installation, lien searches, and carproof report fees. For a clearer picture of what you qualify for and the coinciding payments please contact our sales team at Instant Cash Canada!
Loan Source & Renewal Policy:
When you are nearing the end of your loan, or at any point during your loan you require additional funds just call our sales team and find out if your vehicle in conjunction with your client history would allow us to increase the dollar amount of your loan!
Implication of late payment or non payment
In the event of a late or partial payment, interest fees will be charged on a daily basis on the outstanding amount. If you have communicated with us, we will have notes in the file of an expected and mutually agreed upon date to cover the outstanding balance.