Tag: loan against car title

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Get Quick Approval & Funds Through Loan Against Car Title

Loan Against Car Title

Auto equity loan is a way for people with all types of credit scores to borrow money by using the title of their vehicle. When the title papers are used as collateral, the loan gets secured and one can borrow against the equity value of the vehicle. 

Car Title Loans Canada can help you get a loan against car title while you keep your vehicle with you. This money can be used to meet your financial needs which may arise due to unexpected circumstances. 

The application and approval process is quick and secure. The paperwork is very simple and can be completed online.  The best part is that you get to keep your vehicle with you. We only need it once for inspection and evaluation of the loan amount. Only the title documents are kept as collateral. 

This is also temporary since after the loan is paid, you can already take home the title with you. The car is your asset and it continues to stay with you. To help you through the loan process, our friendly loan representatives are available round the clock. 

Why Choose Us?

Applying for a loan from a bank will be rejected if you have a poor credit score.  The lending firm will check your ability to pay the loan by checking your financial history. However, we understand that a financial emergency can arise at any time and your savings may not be enough to help you. 

In this type of situation, improving your credit score in order to borrow from banks is not possible. This is where we come in to rescue you by giving you quick cash despite your bad credit score. 

When you avail our loan services, you do not have to worry if your credit score is bad. We won’t ask you for proof of income either. There are no job requirements to borrow from us. Your vehicle is used to secure the loan.

The benefits that you get when you borrow from us are the following:

1) No Credit Checks

2) No Job Requirement

3) Same Day Cash

4) Vehicle Stays With You

5) Competitive Interest Rates

6) Long Loan Term

7) No Prepayment Penalties

8) Easy Repayment Options

9) Low Monthly Instalments

10) Easy and Flexible Repayment Options

11) Convenient Processing

12) Present At Multiple Locations

13) Quick Loan Approval

Minimum Requirements For The Loan

All you need for a loan against car title are the following:

1)A fully-paid vehicle 

2) A lien-free title 

3) Proof of permanent residence

4) Vehicle registration papers

5) Vehicle insurance papers

6) A valid Canadian driver’s license

7) A second set of keys to the vehicle

How To Apply?

1)Call us at 1-877-804-2742 and get pre-qualified

2) Complete easy paperwork

3) Keep your car

4) Receive cash

Call us today or apply online and get instant cash help instantly.

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Requirements For Getting A Loan Against a Car Title

loan against a car title

Are you in need of some quick cash? A personal loan from a bank isn’t always the quickest answer. There are several alternatives one can consider. A loan from a bank should be somebody’s last resort but before that, there are better options like car title loans. These loans offer a hassle-free borrowing experience. 

If you want to get a loan against car title then you must be aware of some facts. For this loan, you have to own a vehicle with  lien-free title . Canadians will be glad to know that this type of loan requires no credit checks and hence makes a quick loan option. Unlike banks, a lot of time goes into verifying the credit history or credit score of the borrower. This loan is secured by the title papers against which the money is given to the borrower. Before applying for this type of loan, one must know all the basic requirements.  

In addition, the borrower must be aware of simple yet important points like the duration of the term, interest rate and other terms and conditions. It all starts with a simple application process that has to be filled out online. You can also call the loan agents at Car Title Loans Canada and get all the information and any of your concerns addressed.

What Are The Requirements?

If you want to get your title loan from Car Title Loans Canada, you need to bring in your vehicle for inspection. We will then verify the condition of the vehicle and review your  vehicle documentation. If all is well, we keep the title to the vehicle in and provide you with the loan amount. A lien will be placed on the title which will be cleared after the loan amount is paid in full. The loan term will be spread over a period of 48 months but the borrower can payout the loan at anytime. There are  no charges for prepayment. It means that there’ll be no penalty if the loan is paid back before the end of the loan tenure. The loan amount depends on the value plus condition of the car. If it is well maintained newer vehicle, it will likely get you more funds. The loan payment are convenient and can be as low as $97 a month. To get an auto title loan, there are a few things required that every borrower needs to have. The borrower must own the vehicle outright and there shouldn’t be any liens on the title. All the following documents will have to be submitted in order to  get the loan approved on the same day, and the loan amount within few hours. Let’s have a look at the required documents for loan against a car title. 

  • Original vehicle title in the name of the borrower
  • Valid Canadian Driver’s License
  • Proof of permanent residency
  • Vehicle registration in your name  
  • Proof of vehicle insurance that covers collision and comprehensive
  • Spare set of car keys

One of the most amazing things about vehicle title loans is that one does not have to have a good credit score or or good credit history to be eligible for this kind of loan. Many lending services like banks or credit unions have made it mandatory to check  credit scores of a borrower. This makes it a little difficult for people with low credit scores to get loans from banks. So, to meet their financial needs they can take a loan against their car title. Also, there’s no need to be employed when applying.. The resale value of your car determines the loan amount you can borrow. Canadians  who are of legal age and own a lien-free car are eligible to apply. They must also have a driver’s license which is valid in Canada. Once your online loan form is reviewed, you’ll be asked to visit a nearby branch for the car inspection. Once everything has been reviewed, you will receive the loan money based on the value and condition of your vehicle. And since we  base this loan on the vehicle title, you get to keep your car. Keep using the vehicle as you normally would for the entire loan period. 

Once you submit all the papers and your car has gone through the verification process, you’ll be given the loan money within hours. 

If you want to know more about getting a loan against your car title, , contact us  (toll free) 1-877-804-2742 or apply online. 

 

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