Everyone wishes for a life that is full of ease and comfort. But, many times, due to some unexpected turn in our lives, we can end up in severe financial hardship. Such financial problems can arise at any point of time whether we are prepared for them or not. It gets tough to manage money especially when your expenses start exceeding the savings. Borrowing money from banks or other lending sources could be a great idea provided you have a marvelous credit score. Many financial institutions do not provide quick approval to those who have a poor credit history. Obtaining funds through such channels can become challenging for those with poor credit but need instant money to help them out of a bind. Therefore, an ideal solution to solve your immediate monetary problems is to simply use the equity of your car and get a title loan against it. If you own a fully paid for vehicle, you need not worry about the funds you need. So how can you borrow using your vehicle?. We are here to help you with auto title lending, one of the easiest and quickest ways of getting financial help. Your credit history doesn’t apply here since it has got nothing to do with the eligibility factor or loan process. In other words, you don’t need a good credit score to be eligible.
Use The Money However You Want
The loaned money can be helpful in many ways.You can use the funds however you see fit and resolve issues such as:
Children’s education: You can pay your child’s tuition fees and text books.
Health and other medical expenses: Medical emergencies can occur at any time. Do you have ot a huge medical bill to pay? No problem, use the loan money to pay off the bill or expenses incurred.
Family Vacations: Has it been a long time since you took your family on a vacation? Surprise your family by planning a nice trip for them.
Renovation of your home or office: Every building needs to be renovated after a certain period of time. Just borrow the required amount by opting for a car collateral loan to help fund any necessary repair work.
Expand your business: If you wish to expand your business, you can do so by infusing some capital into it. The title loan obtained can be used as capital for expansion..
Get the funds by using your vehicle
A vehicle title loan is a secured loan where you use your vehicle title papers to obtain the money from us. The inspection of your vehicle and verification of the documents is done to check the vehicle condition and determine the loan amount that you can borrow. The process of qualifying for the loan is easy and transparent.
Apply online on the website
- Fill out the loan application form on the website
You will be required to disclose the necessary details about the vehicle and some basic personal details to apply for the loan.2. Vehicle Inspection and documents
You will need to provide documents such as vehicle ownership, clear title, and insurance papersr verification as well as your car for inspection.3. Receive the cash and drive off in your car
Borrow loan based on the condition of your car. Once the loan is approved, the borrower is allowed to take the car for normal use.4. Keep your vehicle during the loan term
Only the vehicle title is required and not the vehicle. So you can take your car and use it during the loan term as usual. No need to worry about surrendering your vehicle to obtain the loan
Therefore, it is fairly easy to qualify for the loan with the following
- A fully paid for vehicle no older than 10 years
- A clear title to the vehicle
- A valid Canadian driver’s license
- Proof of permanent residency
- The vehicle’s registration and insurance papers in your name
- Proof of legal age as per your province
- A spare set of keys
So, stop googling things like “how to borrow using my car” and apply online with Car Title Loans Canada or call us at (toll-free) 1-855-653-5451 today!
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