People have been using specialized car equity loans Surrey British Columbia for decades. It’s one of the most expedient ways to get cash when you have an emergency. It’s not surprising that the number of users has gone up due to the pandemic. New users often have concerns about this loan. Here are some of the most commonly asked questions about it:
FAQs About Auto Title Loans
- What collateral can I use? Auto finance specialists accept all kinds of vehicles. While most lenders prefer standard cars, they also accept trucks, motorcycles, RVs, and even boats. But you’ll get more money if your collateral is less than a decade old and has low mileage.
- What are the requirements for the loan? You need a valid ID and a clean title. You’ll also be asked to present proof of residence, income, and insurance.
- How much can I borrow? The amount depends on the car equity. It’s often 25% to 50% of its value. So the higher the value, the more money you can get.
- How long do I have to wait to get approved? This loan has a fast approval process. Since there’s collateral, the lender doesn’t need to do extensive credit checks. You can get approved in an hour.
- Can I apply even with no credit history? Yes, you can apply even without a credit history or a low credit score. Your collateral’s value will cover the loan.
Faster than the Competition
You can enjoy a smooth lending experience with Canadian Equity Loans. You can borrow as much as $50,000 with no credit or employment checks. Our company also offers low-interest rates and affordable monthly payments. We also accept early payouts without penalties. Log in to our website or call our toll-free number at 1-844-586-6311.
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