Fast Action Finance, started in 1997, is one of the longest established Title Loan companies serving Ontario, with the highest loan approval rate in the industry.
We do more than just Title Loans, we also provide Collateral Loans, Motorcycle Storage Loans, and Repair Loans to customers who either need the funds very quickly or are not acceptable to the traditional lenders.
For Title Loans the whole loan process is very quick, and the customer will typically walk out of our office within 30 minutes with cash in hand.
If you live outside the GTA, or are unable to come to our office, then you can complete the whole loan process from the comfort of your own home/work through email or fax. All you have to do is take pictures of your vehicle and the basic documents, such as your driverâ€™s license, insurance, ownership, etc. and send them to us. A smart phone (iPhone, Android, Blackberry, etc.) can be used to take pictures of the documents. Loans done electronically can typically be completed within the hour.
No credit checks are performed as we lend against the equity in your vehicle or asset. Therefore, it does not matter if you are in bankruptcy, a consumer proposal or credit counseling, you can still be eligible for a loan. Also, there are no job requirements to be approved for a loan from us. Whether you have bad credit, no credit, are unemployed, on benefits or retired, give us a call or fill out our online application and we will do our best to see how we can help you. We consider ourselves a very entrepreneurial loan company and look at lending from a different angle than other lenders and try our best to give you the loan that you need.
We do four main types of loans:
- Title Loans
- Collateral Loans
- Motorcycle Storage Loans (includes machinery, watercraft, snowmobiles, etc.)
- Repair Loans
A Title Loan is a loan secured against the equity in your vehicle. For Title Loans, we will lend $5,000 plus for vehicles 9 years old or newer that are debt free. However, there are some exceptions with respect to the age of the vehicle and maximum amount lent, we take this on a case by case basis. We lend against cars, trucks, vans, SUVs and transports. To apply for a Title Loan, you can fill out our easy no obligation online application or call us at (416) 239-2906 or 1-877-346-2274 and one of our professional staff will be more than pleased to assist you through the process.
A Collateral Loan is where an asset is pledged to secure the loan. The asset will be held during the term of the loan. We lend $25,000 plus for a term that is typically no longer than 4 months, but exceptions may apply with respect to the maximum amount lent and term. Collateral accepted for these types of loans ranges from classic cars to machinery to any moveable collateral that is easily stored at our location and has a determinable value.
A Motorcycle Storage Loan is where a paid off motorcycle is left with us during the term of the loan and stored in our secure warehouse. This category also includes machinery, watercraft, snowmobiles, etc. We invite any potential customers to inspect our warehouse in advance to ensure the safety and security of their cherished motorcycle, etc. In addition to this, the customer may also visit their asset at any reasonable time during the term of the loan to ensure its well being. Terms for motorcycle loans are typically one year but can be paid off sooner.
A Repair Loan is where money is lent to repair your vehicle. Unlike a Title Loan, the vehicle may be leased or financed. The repairs must be towards necessities of the vehicle, such as collision damage or engine repairs. We cannot finance repairs that are for customization of the vehicle, nor the purchase of accessories such as audio equipment, stylized rims, aftermarket exhausts, trick engine modifications, etc. The repairs must be completed by a licensed repair shop and we will pay the vehicleâ€™s repairer directly.
If you are in need of quick cash or the traditional financial institutions will not lend to you, please consider either a Title Loan, Collateral Loan, Motorcycle Storage Loan or Repair Loan from Fast Action Finance. Donâ€™t hesitate, call us or fill out our no obligation online application so one of our knowledgeable staff can call you promptly to assist.