Frequently Asked Questions When Getting Bad Credit Loans Ajax Ontario
What is a bad credit loan?
A bad credit loan is another name for collateral bad credit loans, a loan that is secured by the collateral of your fully owned car and its car title. After securing the loan, you still get to drive your car while repaying the loan.
How do I get started?
Give the lender a call or fill out an online application form, bring in the car for inspection and appraisal, and prepare minimal documents for submission.
What is the going for the interest rate?
Interest rates for collateral vehicle title loans are very low as compared to short term loans and unsecured bank loans. Payment terms are also longer and more flexible.
What do I need to qualify for a collateral car title loan?
Your fully owned car
Proof of permanent residence
Lien free car title
Valid driver’s license
How much money can I borrow?
The loan amount is based upon the true market value of your car. You can normally loan from $1,000 and up to $50,000 based on this.
How fast can I get the money?
Loan approval is given in one hour after everything is done and qualifies. The cash is released on the same day as the approval.
Do I need to have good credit to get a loan?
No because the loan is already secured by the collateral. No credit checks are needed for no credit check title loans even if the borrower has bad credit.
At Canadian Equity Loans, we loan you money based on the value of your fully owned car and not your credit history and score. That means that you have fast access to emergency cash whether you have bad credit or no credit at all. Call Canadian Equity Loans now at their toll-free number 1-844-586-6311 or apply online.