The Most Frequently Asked Questions Regarding Bad Credit Loans Kitchener Ontario

How much can you borrow?

Borrowers need to bring in their car for appraisal and inspection to determine loan amount. This is based on the car’s true market value. You can borrow up to $50,000.

Can the borrower use the car while paying off the loan?

You get to keep driving your car while paying off the loan because the loan is already secured by the collateral. Only the car vehicle title is left with the lender as collateral.

What about bad credit or no credit?

It doesn’t matter if you have bad credit or no credit at all. Collateral bad credit loans are designed to secure the loan through collateral so no credit checks are needed for loan approval.

If the loan is approved, how long to get the loan amount?

Collateral car title loans are approved in one hour and you get the loan amount on the same day.

What requirements are needed for the loan?

• A valid driver’s license.
• The car title.
• Vehicle registration.
• Proof of permanent residence.

What about interest rates and payment terms?

No credit check title loans have the lowest interest rate in the whole lending industry. It is even lower when compared to unsecured loans. Payments can be as low as $97 per month. Repayment terms run the longest up to 5 years.

What if the loan is paid off early?

There is no early payment penalty charges. You pay only for the number of days your loan is outstanding.

People in need of fast emergency cash can always turn to Instant Loans Canada. We can get a car title loan fast and today for anyone in need of alleviating any financial headaches. All they need is to get in touch with Instant Loans Canada by calling the toll free number at 1-866-973-5214 and get approved in an hour. Get started today at the nearest Canada-wide network of convenient locations.