What are the Common Questions Usually Inquired When Applying for Car Title Loans Newmarket Ontario?

What is a collateral car title loan?

Collateral car title loans are secured using collateral. Fully owned vehicles are normally used as collateral for this loan. This loan offer a lower interest rate as repayment of the loan is guaranteed. The borrower puts up their car and lien free car title as collateral for the loan. The lender does not do a credit check due to the collateral security.

What about the interest rates?

Collateral vehicle title loans have very low interest rates when compared to unsecured bank loans and short term loans. Interest rates are the lowest in the whole lending industry. Payments can be as low as $97 per month.

How long are the repayment terms?

No credit check title loans has the longest and most flexible repayment terms that can run up to 4 years.

What do I need to prepare to submit?

You do need to bring in your car for inspection and appraisal to determine its true market value. This also determines the loan amount. Then you need to show a valid driver’s license and proof of permanent residence.

Can I still apply even if I have bad credit?

Even if you have bad credit or even no credit the loan is approved in just one hour so long as the collateral qualifies and everything is submitted. Credit ratings have no bearing on the loan approval.

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.