Fast Cash Etobicoke Ontario are not Zero Interest Loans but Offer the Lowest Interest in the Lending Industry

Sometimes zero interest is offered with unsecured bank loans or short term loans, but they all come with varying disadvantages that in the end will leave the borrower in deep debt. However, with collateral fast cash loans that are meant to help people out with financial emergencies, what is realistically offered are very low interest rates at longer terms.

When you hear the word “loan” then this means there’s interest

In truth you qualify for zero interest loans if you have one of the highest credit scores in the country. For those with bad credit or no credit, they can apply for collateral car title loans with the lowest interest rates in the lending industry. How low? As low as $97 on monthly payments.

Naturally, vehicle title loans need to make a little profit

Credit checks are never done for no credit check title loans. All that is needed is a fully owned car and a lien free car title as collateral. Based on the car’s true market value after appraisal, you can borrow up to $50,000.

Short payback period versus long payback period

A common characteristic for no interest loans is that you’re only given 30 to 60 days for payback since your credit is spotless. With collateral auto title loans the payment terms are the most flexible up to 5 years. And since you only leave the car title behind with the lender, you continue to use the car while repaying your loan.

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.