Equity Loans East York Ontario are Secured Loans That Only Need Collateral to be Approved

Collateral equity loans are secured against the collateral. All that is needed by the borrower to apply for this loan is a fully paid and fully owned car and the car title should be lien free.

Other loans can never be compared against secured loans

Secured loans like collateral car title loans attract lower interest rates than unsecured bank loans or short term loans due to the security of the collateral. Borrower’s credit ratings have no bearing on collateral auto title loans since the loan is already secured by the collateral.

Main benefits of vehicle title loans

This loan has the lowest interest rates in the lending industry. Much lower interest rate can be offered against anything the closest competitor can offer as well. Payments can be as low as $97 per month. Loan repayment terms are the longest up to 5 years. The borrower can continue using the car while repaying the loan because the lender temporarily holds on to the car title and places a lien on it until the loan is repaid in full.

All that is needed to apply:

• No credit check title loans only need a fully owned car and lien free car title as collateral.
• A valid driver’s license.
• Proof of permanent residence.

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.