In today’s world, people prefer living in the moment and spending their hard-earned money to buy various necessities and luxuries for a better standard of living as opposed to the trend that followed 10-15 years ago when people preferred saving over spending. The new generation doesn’t believe so much in the notion of saving hence they are always short of funds when a rainy day comes. Every financial institution in the market has a set of guidelines they follow to help minimize the risk of bad debts. Thus creating a formality of obtaining various documents from the borrower to determine credibility and not mention it becomes a bit time consuming. The question arises instead,‘How can I get money quickly?’ The emergency money can be fulfilled easily by taking out a low monthly car collateral loan. It is a fast and reliable money option which is available at competitive interest rates.
This option of low monthly car collateral loan comes in handy when you know there’s no way you’re coming out of your current financial crisis without a mental breakdown. People with bad credit scores generally get rejected for loans by banks. Selling their assets like cars, is the first thing that comes to their minds if they face an urgent monetary trouble. And this is where we come into the picture by providing you with a car title loan. A vehicle equity loan gives you an option of obtaining funds against your car title documents instead of selling it. This way you get to keep your car and get the funds you need. We can help you get a loan even if you have a poor credit score since we do not check your credit before lending you the funds. So, even if your credit score is low or you do not have a fixed source of income, you can still get the money you need. The amount of money that you can borrow depends upon your vehicle’s market value and its working condition.
Some Benefits of obtaining a Car Equity Loan:
No minimum credit score required: Unlike most lending sources, we understand that urgent situations require urgent cash.. We provide funds irrespective of your credit score or job situation.
Get Cash in a few hours: If you need cash on the same day, apply for a loan using your car title and get your funds immediately. We help you get immediate funds within a few hours through our title loan. Complete the easy paperwork and you can have the required funds in your hands.
No early payment penalties: There are no prepayment penalties on our low monthly car collateral loan, unlike other bank loans. You can repay your loan off whenever you feel like before the end of your loan tenure.. We provide flexible payment options to keep you at ease and a stress-free life.
Interest rates are competitive: The lower interest rates make the monthly installments affordable and help you manage your budget efficiently. That is why these are termed as low monthly car collateral loans.
User-friendly: We pride ourselves in providing great services to all our customers. Our application process is simple and user-friendly. We will gladly guide you through the process..
Keep your vehicle: We keep only the title papers as collateral, while you keep your vehicle for the duration of the loan while making your payments. You are free to drive your car while you still keep making your monthly payments.
Documents to be submitted in order to apply for the loan:
- Fully paid for vehicle no older than 2010 model
- A lien free vehicle title
- Proof of permanent residence (piece of computer-generated mail)
- Vehicle registration papers in your name
- Vehicle insurance papers in your name that include collision and comprehensive insurance
- Valid Canadian driver’s license
- A second set of keys to your vehicle
- Proof of legal age as per your province
HOW TO APPLY:
We at Car Title Loans Canada make applying for the vehicle equity loan a convenient and easy task. Submit the required documents, get your vehicle inspected for evaluating the loan amount and walk free with cash in your hands in no time! Call us at our toll free number 1-855-653-5451 for more information. You can even apply online.
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