Pawnshop loans are very short term affairs with very high interest rates with additional hidden fees. Vehicle Title Loans Vaughan Ontario terms are usually 30 days to 60 days. Also, you need to leave your vehicle with the car pawn lender while paying off the loan.
Collateral vehicle title loans only need to use your car as collateral and you get approved with no credit checks needed. However, instead of the car, you only need to leave your car title with the lender as the actual collateral. This means that you get to keep using and driving your car during the loan term. No credit checks are needed because the loan is secured by the collateral, and all you need to prepare aside from the car title is your valid driver’s license, proof of your permanent residence, the car itself for inspection and appraisal, vehicle registration, and the car’s collision insurance.
Interest rates for collateral car title loans are the lowest in the whole lending industry and the lowest when compared to car pawns, unsecured loans, and short term loans. Loan payment rates run up to 7 years, the longest that can ever be offered. Should you pay off your loan early, no early payment penalties will be charged for no credit check title loans.
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.