Using the car title of your fully owned car as collateral for a loan isn’t that risky because it’s a much better option than selling the car or going to a car pawn that will charge enormous interest rates. Also, unlike unsecured bank loans or short term loans, Collateral car title loans Brampton Ontario do not conduct credit checks just to approve the loan.

You keep driving your car

When you use your car title as collateral to obtain the loan you can still continue using your car since only the car title is left with the lender and a lien placed on it. Just make sure that your car is fully owned and the car title is lien free.

Very little requirements needed to submit

All you need to present is your valid driver’s license and proof of permanent residence. To be approved in one hour, equity loans Brampton Ontario only needs to inspect and appraise your car for the true market value to determine the loan amount.

Loan for emergencies with no credit checks

Unlike unsecured bank loans, collateral vehicle title loans are already secured by the collateral and that means no credit checks are necessary. Your credit rating will not matter with the loan approval. Once the loan is paid off, the lender returns the car title with the lien on it removed.

Lower interest rates

Unlike unsecured bank loans and short term loans, this loan has the lowest interest rate in the lending industry. Payments can be as low as $97 per month. Loan payment terms are the longest up to 4 years.

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.