1-877-804-2742
The first step is to understand what exactly a car equity loan is. It is a type of loan that uses the title papers of a vehicle as collateral in order to get monetary aid. A car title loan provides you with a loan amount instantly by using the title papers of your car issued in your name. However, the loan amount is decided based on the equity value of your vehicle. By equity, we refer to the present market value of your vehicle. If you are in need of immediate cash to cater for emergency expenses, a specialized car equity loan in the answer. In time of a financial crunch is there anything better than instant loan approval? This type of bad credit auto loan is processed and you can get instant cash out on the very same day of approval. You can attend to all your immediate expenses like house repairs, overdue utility bills, medical bills, or even divorce settlements.
Why Choose us for a Bad Credit Loan?
We are proud to say that we are the best in the market when it comes to an auto title loan. We can assist you and provide you the best interest rates against your fully paid for vehicle. Our customers enjoy various benefits that we have to offer and on top of that our title loans are based on easy low monthly payment options..
No proof of income required – We do not require any proof of income when applying for a car title loan because that’s the least of our concerns. Your loan approval is not based on your monthly income or a good credit score. All we require from your end is a clear title paper for your vehicle under your name.
No credit history or credit score checks – In order to apply for a loan with most companies in the market you need to have good credit before your loan request is accepted. Our company does not follow this rule; your credit score or income status doesn’t affect us from approving your loan request. We understand the essence of time and the different situations and approve your loan against your vehicle title papers.
Zero prepayment penalty – Yes, you read it correct! We do not charge our customers anything extra for an early loan pay out. The choice is entirely up to you if you want to make an early loan payment to pay off the loan.. If you decide and go ahead and pay off the loan earlier than expected then there is no need to worry over any fees or extra charges!
Keep your vehicle – You must be wondering what the catch is in this kind of loan approval. Well, here it is, we approve your loan request without keeping your vehicle. Keep in mind not every loan company does this We don’t hold on to your vehicle. You may keep using your vehicle just as you did before getting the loan. We just hold on to your car’s title papers as you make your monthly payments.
Longer loan terms of up to 4 years – The loan term we offer for repayment is up to 4 years which gives you enough time to pay off the loan through monthly installments. Longer loan terms are convenient and budget friendly since monthly installments are super affordable.
Same day loan approval – A person usually applies for a specialized car equity loan when in need of immediate cash. In such a scenario, banks may keep you waiting for an answer. Our process is user friendly and easy. We also avoid the hassle of piles of paperwork. With us, your loan is approved within a day and you can get the cash on the same day of approval to cater to your urgent financial needs.
Guidelines to apply for a Title Loan
Our process for applying for a vehicle title loan is super easy and quick. Get in touch with us and we will provide you assistance every step of the way. Our loan agents who will explain the whole loan process in detail. Our loan agent will take you through the process step by step and happily answer your questions. Alternatively, if you are comfortable with doing so, you can also visit our website, and also get more information. We guarantee that we require minimal documentation. After the paperwork is complete we will do a thorough check on your vehicle’s overall condition. Once all steps are followed, you get the loan approved and get immediate funds on the very same day.
Requirements
- Fully paid for vehicle which is no older than 10 years
- Valid Canadian driver’s license
- Lien free title of the vehicle
- Vehicle registration papers in your name
- Proof of permanent residence in Canada
- Insurance papers under your name covering collision and comprehensive insurance
- Second set of the car keys which work on all the doors including the engine
- Proof of legal age as per your province
To get in touch with our loan agent call (toll-free) 1-877-804-2742 or apply online today!.
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