Equity Loans York Ontario are Far Better than Even the Best Short Term Loans

Around 10 years ago, loan shark firms running short term loans was the only way to get fast cash for those with unexpected financial emergencies. Slowly however, collateral equity loans have been gaining ground for borrowers over short term loans. By 2014, this loan has taken over the lending industry as the leading loan.

Short term loans have nowhere to go but down

It’s only fair and understandable why short term loans have gone down. Short term loans take great advantage of financially vulnerable borrowers to charge up to 156% in interest, or triple-digit interest rates charged on subprime borrowers.

Collateral car title loans are far, far better

One main factor in the rise of collateral car title loans is that borrowers with bad credit are approved so long as there is collateral in the form of a fully owned car and its lien free car title. The loan is approved in one hour if the collateral qualifies.

Lower interest rates are endearing for borrowers

This one feared aspect for loans is not the case with no credit check title loans. These loans can go much lower on interest rates than what any competitor can offer out there. This makes it the lowest in the lending industry. Payments can be as low as $97 per month.

Great loan terms for the budget

Loan payment terms are the longest at 5 years. Borrowers can borrow as high as $50,000. If the loan is paid off early, no early payment penalties will be charged.

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.