Quick cash loans use your car title and fully owned car as collateral in order for you to loan a principal amount. The car title needs to be lien free since this is left with the lender as the collateral and a lien is placed on it. This is removed when the loan is fully paid.
Repaying the loan
Collateral vehicle title loans are not short term loans because the loan payment terms can range up to 5 years. The loan is secured by the collateral so no credit checks are needed for the loan approval.
Interest rates
Low interest rate is the trademark of this loan. Payments can be as low as $97 per month. Also:
Easy processing and requirements
Since no credit check title loans need no credit checks, the lender simply inspects and appraises the car for its true market value to determine the loan amount. The borrower can have between $1,000 and $50,000 in loan amount. No early payment penalties will be charged if the loan is paid off early. The borrower can keep the car and continue driving it while making the loan payments because the loan is secured by the collateral.
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.