Bad Credit Loans are Possible by Using Your Vehicle as Collateral with Car Loans London Ontario

Get your loan approved today by applying for a car loan

When you apply for a car loan, you can expect your loan application to be approved within only one hour after submitting your requirements. This is because the requirements for car loans are very minimal. All you will need to be approved for a vehicle title loan are a fully owned car with a lien free title, a valid driver’s license, and proof of permanent residence. This is in stark contrast to applying for a traditional bank loan. With traditional bank loans, you cannot be approved for a loan unless you undergo a credit check to determine your credit score. If you are found to have a poor credit score, a lack of substantial credit history, or an unimpressive financial statement, there is a very slim chance of your bank loan application being approved.

You will not need to undergo a credit check when you apply for a car loan

Because car loans are considered as no credit check title loans, you will not be required to undergo a credit check in order for you to be approved for a loan. Your maximum loanable amount will simply be determined based on the true market value of your vehicle. This, in turn, can be determined based on your vehicle’s year, make, model, mileage, and engine condition.

Thanks to Car Title Loans Canada, you can apply for a car loan today regardless of the state of your credit history and credit score. When you apply for a car loan, you can expect a loan approval within an hour after the submission of your requirements. Call us now at our toll-free number 1-877-804-2742 or apply for a car loan online.