Are you struggling to get a loan for your cash needs? No worries! You can easily apply for car equity loan with Car Title Loans Canada! A car equity loan is a secured loan that uses your car title as collateral or security for the loan. A lien is placed on your car title when you apply for a car equity loan and the amount of loan you can get is dependent on the market value and condition of your lien-free car. Once you have repaid the loan amount, the lien on your vehicle title will be removed and your car title will be returned to you. These loans are also known as car collateral loans or title loans.
Car Title Loans Canada offers many options for people who need loans to sort their short term financial needs. The application process is fast, easy, and straightforward!
Bad Credit? No problem!
Bad credit often comes in your way when trying to get cash from the bank. So, when you need cash fast but your bad credit is stopping you from doing so, a car equity loan with us is the solution sincewe do not check your credit.
The process is very simple and straightforward. Minimal documents are required for approval.
Car Equity Loans Online: How These Loans Work?
Car equity loans with Car Title Loans Canada are one of the most popular lending options available for short term cash needs. We offer easy to do online applications and quick loan approvals.. This is because of the following few key factors:
- Collateral: Car equity loans need collateral in the form of a fully owned vehicle and its title. By using your car as collateral, it provides the lender assurance of payment or in case of a default the vehicle for payment.
- Predictable Loan Amounts: Loan amounts are based on the market value of the car being used as collateral. This makes it simple to apply for a loan and you will know exactly how much you are eligible for.
- Fast Approval and Payment: Our applications are offered online and can be approved within a few minutes.
- Easy Repayment Plans: We have easy loan repayment plans. Payments plans are flexible and budget friendly with no prepayment penalties in the event you wanted to pay off your loan early.
How to Get a Car Equity Loan with Us?
The process of applying for an online car equity loan only takes a few minutes to complete. When applying online, you should be prepared to provide documents of your personal information as well as details about your vehicle.
How Can a Car Equity Loan Be Used?
One of the most common questions that many people have when considering car equity loans is how these loans help you out. Unlike a loan from a conventional bank, car equity loans can be used for your immediate cash requirements. You can easily solve your debt problems by paying off all your debts and take advantage of low monthly payments with us. Our loans can also help manage unexpected financial costs or bills.
There are many Advantages of a Car Equity Loan!
Car Title Loans Canada can offer a number of advantages, including:
- Access to cash fast
- Ability to be approved for a loan even with bad credit
- Personal information is kept secure and confidential
- Low-interest rates
- No penalties on early payments
Does My Credit Score Matter?
We don’t check your credit at all! So whether you have good, bad or not credit all, it will not stop us from approving your loan!
How to Apply for Car Equity Loans
The first step towards getting car equity loan is to submit the application online. This application is very simple and requires only a few basic details. You will need to provide the following with supporting documentation:
- Full name
- Proof of legal age
- Proof of residency
- Proof of vehicle ownership
- Fully owned vehicle title free of any liens
- A valid Canadian License
It’s important to remember that our car equity loans are based on the market value of your car that is being used as collateral. For this reason, you will have to submit the complete and up-to-date information about your vehicle when applying for our car equity loans online.
What Happens After Submitting the Loan Application?
After the loan application has been submitted, one of our loan experts will review your information and vehicle details. We will then use this information to provide a loan estimate depending on your vehicle’s market value and condition. Once this is done, our loan representatives will be in contact to discuss the loan terms and the process..
Call us today (toll-free) 1-855-653-5451 and get your car equity loan with us now!
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