Car Title Loans Peel Ontario uses the car title of a fully owned car as collateral to be able to loan. Not only that, but the loan is approved in one hour even if the borrower has bad credit.

A collateral car title loan is secured

When applying for the loan, the borrower pledges the lien-free car title as collateral. The lender inspects and appraises the borrower’s vehicle for its true market value to determine the loan amount.

These loans are basically emergency loans

Collateral car title loans have repayment terms that are flexible for up to 4 years. Interest rates are also the lowest in the lending industry and much lower if you compare them to unsecured loans. Payments can be as low as $97 per month.

Other awesome benefits

Aside from the very low-interest rates and reasonable payment terms, the borrower can still keep the car and continue using it while repaying the loan. Loan approval is fast and only takes one hour, and the cash is released on the same day as the approval. Not much paperwork is needed for the loan approval except for the car title, your valid driver’s license, and proof of permanent residence. No credit checks need to be done for the loan approval of no credit check title loans.

For more information about collateral Car Title Loans Peel Ontario, or if you’re a subprime borrower, get in touch with Instant Cash Canada. Your credit score will not matter to 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.