Without even having to deal with a mandatory credit check, you’ll be able to get a loan approval as long as you have a fully owned car with a lien free title, a valid driver’s license, and proof of permanent residence. These minimal requirements will allow for a quick and streamlined loan application procedure that can get you the money that you need within just one hour or less subsequent to your loan application. This means that applying for a vehicle title loan will prove to be easier than applying for a traditional bank loan.
Your maximum loanable amount will depend solely on your vehicle’s equity
Your vehicle’s true market value, and nothing else, will determine your maximum loanable amount. This means that you will be able to borrow amounts of up to $50,000 depending only on the factors that pertain to your vehicle such as its year, make, model, mileage, and engine condition.
With Canadian Equity Loans, you’ll be able to borrow as much as $50,000 without having to deal with a myriad of requirements and a mandatory credit check in order for your credit score and credit history to be determined! 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.