Getting Bad Credit Loans St. Thomas Ontario Makes a Big Difference Compared to Getting a Short Term Loan

There is a big difference between a collateral car title loan and a short term loan. The big difference is in the low interest rate and the long repayment terms.

Collateral car title loans are far different from short term loans

A short term loan usually needs good credit to be approved and will charge very high interest. However, collateral bad credit loans are secured loans using a fully owned car and its car title as collateral, offering very low interest and doesn’t need any credit checks for the loan approval.

A collateral vehicle title loan is simply a secured loan

Collateral car title loans offer the lowest interest rates. Much lower interest rate can be offered against the closest offer from the closest competitors. Payments can be as low as $97 per month. Loan payment terms are the longest up to 5 years.

Collateral car title loans only ask for minimal requirements

Applying for a collateral car title loan is fast and approval is just in one hour. The lender just inspects and appraises the car for its true market value to determine the loan amount. Just show a valid driver’s license and proof of permanent residence.

This loan is more than just an emergency loan

No credit check title loans are secured by the collateral so no credit checks are needed. This is good news for borrowers with bad credit or no credit.

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.