Equity Loans Vaughan Ontario Frequently Asked Questions

How does a collateral car title loan really work?

Collateral equity loans are based on the true market value of your car as the collateral. This also determines the loan amount. During the loan payment period you still remain in possession of the car.

How do I get the vehicle title back?

After you have paid off your loan, the car title is returned immediately by the lender. The lien on it is removed before the title is returned. This is the actual collateral left with the lender.

How long is the application process for the loan?

Application is very simple and easy: 1) Fill out an online form and submit; 2) Bring in the car for inspection and appraisal and documents for verification; 3) You get approval in just one hour.

If you pay off the loan early, will I be charged a penalty?

No early payment penalty will be charged should a loan be paid off earlier than the stipulated repayment term of 4 years.

Will the lender perform a credit check?

For collateral vehicle title loans, your credit rating will not matter since the value of the vehicle secures the loan as collateral. No matter what the condition of your credit rating, it has no bearing on the loan approval so no credit checks are needed.

How low is the interest rate?

No credit check title loans offer the lowest interest rate in the lending industry and even lower when compared to unsecured loans. Payments can be as low as $97 per month.

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.