Requirements For Getting A Loan Against a Car Title

Are you in need of some quick cash? A personal loan from a bank isn’t always the quickest answer. There are several alternatives one can consider. A loan from a bank should be somebody’s last resort but before that, there are better options like car title loans. These loans offer a hassle-free borrowing experience.

If you want to get a loan against car title then you must be aware of some facts. For this loan, you have to own a vehicle with lien-free title . Canadians will be glad to know that this type of loan requires no credit checks and hence makes a quick loan option. Unlike banks, a lot of time goes into verifying the credit history or credit score of the borrower. This loan is secured by the title papers against which the money is given to the borrower. Before applying for this type of loan, one must know all the basic requirements.

In addition, the borrower must be aware of simple yet important points like the duration of the term, interest rate and other terms and conditions. It all starts with a simple application process that has to be filled out online. You can also call the loan agents at Car Title Loans Canada and get all the information and any of your concerns addressed.

What Are The Requirements?

If you want to get your title loan from Car Title Loans Canada, you need to bring in your vehicle for inspection. We will then verify the condition of the vehicle and review your vehicle documentation. If all is well, we keep the title to the vehicle in and provide you with the loan amount. A lien will be placed on the title which will be cleared after the loan amount is paid in full. The loan term will be spread over a period of 48 months but the borrower can payout the loan at anytime. There are no charges for prepayment. It means that there’ll be no penalty if the loan is paid back before the end of the loan tenure. The loan amount depends on the value plus condition of the car. If it is well maintained newer vehicle, it will likely get you more funds. The loan payment are convenient and can be as low as $97 a month. To get an auto title loan, there are a few things required that every borrower needs to have. The borrower must own the vehicle outright and there shouldn’t be any liens on the title. All the following documents will have to be submitted in order to get the loan approved on the same day, and the loan amount within few hours. Let’s have a look at the required documents for loan against a car title.

Original vehicle title in the name of the borrower
Valid Canadian Driver’s License
Proof of permanent residency
Vehicle registration in your name
Proof of vehicle insurance that covers collision and comprehensive
Spare set of car keys

One of the most amazing things about vehicle title loans is that one does not have to have a good credit score or or good credit history to be eligible for this kind of loan. Many lending services like banks or credit unions have made it mandatory to check credit scores of a borrower. This makes it a little difficult for people with low credit scores to get loans from banks. So, to meet their financial needs they can take a loan against their car title. Also, there’s no need to be employed when applying.. The resale value of your car determines the loan amount you can borrow. Canadians who are of legal age and own a lien-free car are eligible to apply. They must also have a driver’s license which is valid in Canada. Once your online loan form is reviewed, you’ll be asked to visit a nearby branch for the car inspection. Once everything has been reviewed, you will receive the loan money based on the value and condition of your vehicle. And since we base this loan on the vehicle title, you get to keep your car. Keep using the vehicle as you normally would for the entire loan period.

Once you submit all the papers and your car has gone through the verification process, you’ll be given the loan money within hours.

If you want to know more about getting a loan against your car title, , contact us (toll free) 1-877-804-2742 or apply online.

You can follow us on social media:

Facebook: https://www.facebook.com/Canada-Car-Title-Loans-482149178844933/

Twitter: https://twitter.com/CNcartitleloans

June 25, 2019August 4, 2019

Pawn Your Car And Borrow Money Now With Us!

Do you have bad credit and experiencing difficulty in getting a loan from a financial organization? Do you have financial obligations and don’t have enough cash to make payment nor have much time to get the cash? Don’t worry! You can get immediate cash simply by pawning your car with Car Title Loans Canada Get same-day car pawn loans anytime by loan with us. We are here for you! From family cars, SUVs, sedans and others

Your Car Is Used as Collateral!

A car pawn loan uses your vehicle title as security against your loan. There is no need to worry about having good credit because whether you have good or bad credit, neither an issue when borrowing money from us. Your car is your credit. Rather than looking into your credit history, the loan amount is based on your vehicle’s condition and market value.

The Procedure Is Fast and Easy!

One of the benefits that you get when you pawn your car for cash is a speedy loan process. There is no long waiting period between your approved application and getting your funds. Car Title Loans Canada believes that you deserve to get the money you need quickly. Our loan process is not only fast and easy but you can get access to the cash you need on the same day as long as all requirements are met.

Get the ball rolling and fill out the online application or call us now! One of our agents will be more than happy to talk you through the entire loan process. Just bring in a few minimal documents so we can start the rest of the loan process.

Among the many perks associated with our loans, same-day funding and no credit checks are some of the many benefits we offer. We don’t even verify employment.
How much can I borrow?

Generally, the loan amount depends upon the estimated market value and condition of your lien-free car being used as collateral. Simply fill out the online application regarding your vehicle’s details. Additionally, we do a fair examination and evaluation on your vehicle to help determine the loan amount you are eligible for. You can borrow an amount of up to $25,000.

What do you require to apply?

Before applying for a title loan, you’ll need to fulfil these basic requirements:

● You must be the age of maturity in your respected province.
● You must own a vehicle that is no more than 10 years old.
● Your vehicle must be free of any liens or financial obligations.
● Your vehicle must be registered and insured in your name.

You would also need to submit the following:

● Valid Canadian Driver’s License-A valid Canadian driver’s license is needed to confirm your identity.
● Vehicle title in your name-Because the title loan is being assigned to you, your vehicle’s title must be in
your name and lien-free.
● Proof of vehicle registration and insurance– You should have proper registration and complete vehicle
insurance in order to get the loan in your name
● Proof of residence– We require proof that you’re a current resident and have a permanent address.

Some other benefits of getting a car pawn loan with us include:

● Friendly and professional Customer Service
● Fast Simple & Easy Loan Process
● Lowest -Interest Rates
● Experienced and knowledgeable staff
● Flexible Repayment Terms
● Loans approved in minutes
● Cash on the Same Day
● No Prepayment Penalties

So when you need a short term solution to all your financial needs and have no time to waste, get in touch with Car Title Loans Canada and pawn your car to get the money you need. If you need immediate cash, call us (toll-free) 1-877-804-2742 or apply online now to get a quote.

You can follow us on social media:

Facebook: https://www.facebook.com/Canada-Car-Title-Loans-482149178844933/

Twitter: https://twitter.com/CNcartitleloans

October 6, 2016December 21, 2022

Quick Cash Red Deer Alberta is A Good Option for Fast Cash Due to a Financial Emergency

Getting collateral quick cash loans is one way to get your hands on fast cash with no credit checks needed. All the borrower needs is a fully paid and owned car and the lien free car title that is lien free.

How do collateral car title loans work?

For the loan, the lender inspects and appraises the car based on its true market value and so you can borrow to the fullness of this value. The lender holds on to the car title until your loan is repaid. You are allowed to continue using the car while repaying the loan. Once the loan is fully repaid, the car title is returned.

Adjustable loan terms with the lowest interest

The loan repayment terms for collateral car title loans are the longest up to 4 years. It isn’t the traditional short term loan with terms of only 30 days. Interest rates are the lowest in the whole lending industry and even lower when compared to short term loans and unsecured bank loans. Payments can be as low as $97 per month.

Other benefits

Because no credit check title loans are secured by the collateral, no credit checks will be made. As soon as the loan is approved in one hour, you get the loan amount and you continue using the car until the loan is paid off, in which the car title is returned.

Car Title Loans Canada is a leading collateral title lending company. This locally-owned and managed company has been helping in individuals with their finances offering collateral title loans for vehicles. They give borrowers a chance to get quick cash easily, with the lowest interest rates and loan payment terms that are flexible and the longest. For more information about the company, its title loans and other services, call Car Title Loans toll free at 1-877-804-2742 and apply now or apply online.

October 6, 2016December 20, 2022

Fast Cash Edmonton Alberta Needs No Credit Checks for Loan Approval

The great thing about a collateral vehicle title loan is that no matter how bad your credit rating is, the loan is approved in just one hour.

Very quick emergency cash

For whatever reason necessary, collateral-fast cash loans give borrowers fast access to much-needed emergency cash. You can have your cash on the same day after the loan is approved in one hour.

No credit checks are needed

All that is needed for the loan is a fully owned car and lien free car title as collateral for debt security. There is really no need to have a credit check done because of this. This enables anyone with a fully owned and fully paid car to get a loan approval even if the borrower has bad credit.

Keep using the car

Another big advantage of no credit check title loans is that even though you are putting up the car title for the loan you can still keep your car and keep driving it while paying off the loan.

The lowest interest rates

Collateral vehicle title loans offer the lowest interest rates in the lending industry even when compared to short term loans and unsecured bank loans. Interest rates are also the lowest in the lending industry. Payments can be as low as $97 per month.

September 15, 2016

You Need to Consider Bad Credit Loans Georgina Ontario to Solve Your Unexpected Financial Emergencies

Consider the 3 big reasons why you need to get collateral bad credit loans:

This loan is available to everyone who fully owns their car and the car title is lien free. These will serve as the collateral for the loan.
Has the lowest interest rates and the most flexible payment terms.
Fast approval in just one hour because no credit checks are needed.

Available to all

Collateral vehicle title loans are available to all so long as they fully own a fully paid car and its car title is lien free. There is no need for a credit check because even if the borrower has bad credit or no credit these have no bearing on the loan. The loan is already secured with the car as collateral and the car title also as collateral because it will be left with the lender while the loan is being repaid. The borrower gets to keep the car during the loan payment terms.

The more practical option

No credit check title loans will always be the most practical solution because the interest rates are the lowest ever in the whole lending industry. Likewise, when compared to unsecured loans, interest rates are still the lowest. Payments can be as low as $97 per month. Payment terms are the most flexible and the longest up to 4 years.

Speedy approval in an hour with little paperwork

Just get the car ready for inspection and appraisal, prepare the car title, your valid driver’s license, and proof of permanent residence, and you’re good to go with the loan. The loan amount is based on the vehicle’s true market value.

September 15, 2016

What are the Common Questions Usually Inquired When Applying for Car Title Loans Newmarket Ontario?

What is a collateral car title loan?

Collateral car title loans are secured using collateral. Fully owned vehicles are normally used as collateral for this loan. This loan offer a lower interest rate as repayment of the loan is guaranteed. The borrower puts up their car and lien free car title as collateral for the loan. The lender does not do a credit check due to the collateral security.

What about the interest rates?

Collateral vehicle title loans have very low interest rates when compared to unsecured bank loans and short term loans. Interest rates are the lowest in the whole lending industry. Payments can be as low as $97 per month.

How long are the repayment terms?

No credit check title loans has the longest and most flexible repayment terms that can run up to 4 years.

What do I need to prepare to submit?

You do need to bring in your car for inspection and appraisal to determine its true market value. This also determines the loan amount. Then you need to show a valid driver’s license and proof of permanent residence.

Can I still apply even if I have bad credit?

Even if you have bad credit or even no credit the loan is approved in just one hour so long as the collateral qualifies and everything is submitted. Credit ratings have no bearing on the loan approval.

August 24, 2016

You Get the Real Deal When You Apply for Car Title Loans Chestermere Alberta

Here’s how a collateral car title loan works:

You need a free and clear car title and this means no liens on it. The lender places a lien on the title and removes it when the loan is fully repaid. The car title serves as the collateral left with the lender.
The year, make, and model of your car, and its condition determines the loan amount based on its true market value after inspection and appraisal.
Collateral vehicle title loans are long and flexible up to 4 years.
You get loan approval in one hour after you qualify and show a valid driver’s license and proof of permanent residence.
You can continue driving your car while paying back the loan because the loan is secured by the collateral.
Interest rates are the lowest in the whole lending industry. Payments can be as low as $97 per month.
The loan amount borrowed for collateral car title loans will always be based on the car’s true market value.

Collateral vehicle title loans simply work

It’s the best way to solve a financial emergency when you’re stuck with no way out of those unfriendly and unexpected turns from out of nowhere. If you’re up to your ankles in them, no credit check title loans will let you get your head in the game when your stress level is running on overtime. It’s a perfect match for people with bad credit since no credit checks are needed.

August 22, 2016August 22, 2016

Whatever Your Credit Rating You Can Always Apply for Car Title Loans Lloydminster Alberta and Even Get Fast Approval

You can slug it out with a loan even if you have bad credit. Applying for collateral car title loans is the best solution against those financial emergencies and unexpected money problems.

You can borrow up to the true market value of the car

Lenders of collateral vehicle title loans now offer loan payment terms that are the longest up to 4 years. The collateral only needs to be a fully owned car that is fully paid. The car title also serves as collateral by being left with the lender and having a lien placed on it. The lien is removed when the loan is fully repaid.

You don’t need any credit rating

When applying for this loan the lender doesn’t need to do a credit background check. This is because the loan is already secured by the collateral. Your bad credit won’t matter with the loan approval. The car is inspected and appraised for its true market value, and the loan amount is always based on this value.

All you need is the clear picture of the actual interest rate

No credit check title loans offer the lowest interest rates in the whole lending industry. Payments can be as low as $97 per month.

You no longer need to have your car pawned

You don’t need to run to a car pawn because all they’ll offer you are very high interest rates and having you leave your car with the car pawnbroker. With a collateral auto title loan you can continue using your car during the duration of the loan payment term.

August 19, 2016

Quick Cash Fort Saskatchewan Alberta will Never Do Credit Checks for Loan Approvals

With collateral vehicle title loans no need to worry about credit ratings

Remember that once you have fully paid your collateral car title loan on time this will greatly improve your credit score. You can also find out if there are errors such as wrong entries and wrong updating of data. You can take steps to correct these errors in order to further improve your credit rating. In spite of this, bad credit will not matter with the approval of collateral quick cash loans.

Apply only with lenders that specialize in collateral vehicle title loans

Seek out lenders who specialize in collateral car title loans and subprime borrowers because these are the lenders who understand about emergency cash, fast approvals, and other great benefits that come with these loans. The lender inspects and appraises the car for its true market value to determine the loan amount that can be as much as $25,000, and inspect your valid driver’s license and proof of permanent residence. The loan is approved in one hour. You can still keep driving your car while repaying the loan.

Lowest interest rate with the longest terms

Interest rates for no credit check title loans are much lower when compared to other unsecured bank loans or short term loans because much lower interest rate can be offered against the closest offer from the closest competitors. Payments can be as low as $97 per month. Repayment terms are the longest up to 4 years.

August 4, 2016

When You Qualify for Car Title Loans Whitby Ontario, You Get Quick Cash to Solve Those Unexpected Money Problems and Reap the Full Benefits As Well

What is a car title loan?

Collateral vehicle title loans are secured loans based on the true market value of your car that serves as collateral for the loan. However, as you pledge your car as collateral, you only need to leave the lien free car title as collateral with the lender so a lien can be placed on it until the loan is fully repaid.

The main benefits

With no credit check title loans no credit checks are necessary for the loan approval. No matter how your credit stands, even if it is bad or none, your credit has no bearing on the loan approval. The loan is based on the security of your collateral. Interest rates are the lowest in the lending industry because much lower interest can be offered against the closest competitor. Payments can be as low as $97 per month. Loan terms are the longest up to 4 years. While repaying the loan you continue using and driving your car.

What you need to prepare

All you need to prepare for collateral car title loans is the car for inspection and appraisal to determine the car’s true market value. You also need to bring your lien free car title as collateral. Be sure to show your valid driver’s and proof of permanent residence.