Car Equity Loans, also known as vehicle collateral loans, pink slip loans, and other various names are the best way for people with bad credit score to get cash quickly. The loan amount you get is a percentage of the equity in your vehicle. So basically, to get a car equity loan you will need to have a vehicle that qualifies. Whether a vehicle will qualify or not depends on how old the vehicle is. If it has an existing lien on it, and how much the vehicle is worth if its resold? Lenders simply want to protect themselves. By not making the payments on time you only increase your risk of losing your vehicle to the lender. Make sure you make your monthly payments on time.
You will need full coverage insurance on the vehicle along with a clear title to qualify for a loan. With Equity Loans Canada you can borrow up to $60,000 with long loan terms..
Enjoy our best loan benefits:
- You don’t have to worry about getting in line and wait for hours for a loan.
- The loan amount is clearly based on the value of your vehicle, not on your credit
- The loan process is very easy and simple. You can either apply online or visit our office near you.
- You get to keep your vehicle and use it for the entire loan period. As soon as you repay the loan, you are free to walk away with your car title.
- Whether you have a bad credit score or no credit at all, it’s not a factor with us!
If you live in Kelowna and are in need of car equity loan, you can easily get a loan from Equity Loans Canada. Our helpful loan experts will guide you throughout your loan process. Apply online, or call us (toll-free) 1-877-991-8773 and get started today.
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