Collateral vehicle title loans are a way of getting quick money for financial emergencies and make use of your car and car title as secure collateral. The borrower presents the car title and other minimal requirements to the lender. When the loan is paid back your car title is given back and the lien placed on it is removed.
Bad credit loans Oshawa Ontario offer drastically reduced interest rates. These low interest rates are the lowest in the whole lending industry.
Combined with the convenience of full online processing and loan approval in just one hour, collateral car title loans offer loan payment terms that are the longest up to 7 years. The loan amount is determined by the true market value of the borrower’s car after inspection and appraisal by the lender. All the borrower then needs to present is the lien free car title, a valid driver’s license, proof of permanent residence, vehicle registration, and car or collision insurance.
Because the loan is already secured by the fully owned car and the car title that serve as collateral, the loan does not require any kind of credit checks. So even if you have bad credit or no credit, the loan is still approved in one hour.
When in need of immediate or emergency fast cash that offers no penalties for early payments and low interest, a collateral car title loan from Quick Cash Canada may be the best option for you. Call Quick Cash Canada Loans toll free at 1-888-517-1625 and apply now for a car title loan. You’ll speak with a member of our dedicated team and see how Quick Cash Canada can help.