Fast Cash Markham Ontario is a Secured Loan for Those with Bad Credit That Uses a Fully Owned Car as Collateral

November 14, 2016

How does a collateral car title loan work?

Collateral fast cash title loans are secured with collateral that is usually a fully owned car with its lien free car title. The borrower’s car should be fully owned to be used as collateral. These types of loans offer lower interest rate and longer loan repayment terms.

What makes a collateral vehicle title loan secure?

Collateral car title loans Markham Ontario simply work by putting up the car title as collateral for the loan. The car title is left with the lender and a lien is placed on it until the loan is fully repaid and the lien is then removed.

Reasonable payment terms

No credit check title loans have flexible loan payment terms and the longest up to 4 years. The lender will never do a credit check because the loan is already secured by the collateral. Whether the borrower has bad credit or no credit will not matter with the loan approval.

Collateral car title loans have the lowest interest rate

The loan has the lowest interest rates in the whole lending industry. Payments can be as low as $97 per month. The interest rate is lower regardless of whatever loan amount is approved. As much the car’s true market value appraisal.

For more information about collateral car title loans in Markham Ontario, 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.