Instead of having to submit to a mandatory credit check and complying with a multitude of requirements, all you will need to do when you apply for equity loans, such as car title loans, is to use your vehicle as collateral for the loan application. This means that your credit score and credit history will not affect y our maximum loanable amount. Only the factors that pertain to your vehicle, such as its year, make, model, mileage, and engine condition, will determine how much you will be allowed to borrow.
Fewer requirements will allow for a much faster loan application process
All you will need in order to apply for a car title loan today are a fully owned car with a lien free title, a valid driver’s license, and proof of permanent residence. These minimal requirements mean that the application process for a car title loan is extremely streamlined, allowing for loan approvals within only one hour or less subsequent to your loan application.
With Canadian Equity Loans, you can easily borrow amounts of up to $50,000 without having to worry about your poor credit score! To apply for a car title loan today, you can call us at our toll-free number 1-844-586-6311 or you can simply log on to our website to apply for a car title loan from home.