Equity Loans Thunder Bay Ontario Can Give You Much Needed Emergency Bad Credit Cash

What is a collateral vehicle title loan?

Collateral equity loans are secured loans that offer repayment periods of up to 5 years. Since it is a secured loan, borrowers need only to put their car and car title as collateral for the loan. All you need to leave with the lender is the car title as a standing collateral because you continue using the car while repaying the loan.

Interest rate and repayment terms

Interest rates for collateral car title loans is the lowest in the whole lending industry and the lowest compared to short term loans and unsecured bank loans. Payments can be as low as $97 per month. There are no early payment penalty charges if the loan is paid off early.

Credit checks aren’t part of the requirements

Overall, no credit check title loans are the best choice for those who are facing a temporary financial crunch. Even if the borrower has bad credit or none at all, this will not affect the loan approval in any way. The loan is secure with the collateral. All you then need to show is your car for inspection and appraisal for its true market value and loanable amount, the car title with no liens, a valid driver’s license, and proof of permanent residence. You can borrow up to $50,000 based on this.

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.