Car Loans Newmarket Ontario Only Needs Your Car and Car Title as Collateral

To obtain the loan, you give the lender the car title as collateral. Collateral car loans are normally used for financial emergencies or urgent payments.

Applying is easy and quick

You can personally apply with a lender or fill out an online form and submit. Of course, you also need to show the lender:

  • Your fully owned car for inspection and appraisal.
  • The car title that should be lien free.
  • A valid driver’s license.
  • Proof of permanent residence.

When the loan is approved in one hour, the money is released on the same day. When the loan is eventually fully repaid, the car title is returned to the borrower.

How much interest rates are applied?

Collateral vehicle title loans carry the lowest interest rates in the whole lending industry, and the lowest when compared to unsecured loans. Payments can be as low as $97 per month. Loan payment terms are the longest up to 4 years. Should the loan be paid off early, no early payment penalty will be charged.

No credit checks necessary

No matter what the conditions of your credit, loan approval will not be affected because the loan is secured by the collateral. This is what makes no credit check title loans secured, as opposed to unsecured loans. Only the car title is left with the lender so the borrower can still continue to drive the vehicle while paying off the loan.

Car Title Loans Canada is a leading collateral title lending company. This locally-owned and managed company has been helping in individuals with their finances offering collateral title loans for vehicles. They give borrowers a chance to get quick cash easily, with the lowest interest rates and loan payment terms that are flexible and the longest. For more information about the company, its title loans and other services, call Car Title Loans toll free at 1-877-804-2742 and apply now or apply online.