With Fast Cash North York Ontario the Reign of Short Term Loans is Over - Instant Loans Canada

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With Fast Cash North York Ontario the Reign of Short Term Loans is Over

Jan 30, 2017

Collateral car title loans are becoming the new leaders in the lending industry because of their borrower-friendly rates, terms, and other benefits. As people go through small business cash flow problems or financial emergencies, they no longer have to turn to short-term loans that charge like loan sharks.

The great disadvantages of short term loans

Short term loans are typically doled out with huge sky-is-the-limit interest rates with repayment terms of only 30 to 90 days. What is more shocking is that four out of five short-term loans are rolled over into new loans within 30 days costing the borrower more than three times the amount borrowed. Lenders usually charge as high as 400% interest.

The great benefits of collateral car title loans

On the other hand, fast cash North York Ontario have the lowest interest rates in the lending industry and the lowest even when compared to short term loans. Payments can be as low as $97 per month. Payment terms are the longest up to 5 years. The collateral needed to qualify for the loan is a fully owned car. Its car title should be lien free.

Lenders don’t check up on a borrower’s credit rating because no credit check title loans are already secured by the collateral. The borrower’s credit rating has no bearing on the loan approval. Loans are approved in just one hour after the car is inspected and appraised for its true market value. This determines the loan amount that can be up to $35,000.

People in need of fast emergency cash can always turn to Instant Loans Canada. We can get a car title loan fast and today for anyone in need of alleviating any financial emergency headache. All they need is to get in touch with Instant Loans Canada by calling the toll free number at 1-866-973-5214 and get approved in one hour. Get started today at the nearest Canada-wide network of convenient locations.

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