Money is vital and especially , at the time of an emergency. Loaning money from a bank helps if you have time to spare and a good credit score. Absence of any one of these can land you straight into rejection. If you happen to meet all these bank requirements the disbursal time taken by a bank to provide the loan money is something that a person in need of instant help cannot wait for. For this very reason, auto title loans have overtaken bank loans because they come with so many benefits. You can expect a quick hassle-free auto loan in no time and a solution to your t financial emergency without panic. Auto title loans have become popular because of ease of availability and competitive interest rates. A lot of Canadians choose them over traditional ways of loaning money because these loans can be taken at convenience.
Things to know before you loan with us!
People looking for an auto title loan must know that we at Equity Loans Canada do not ask for a good credit score. We accept all credit types.. All you need to qualify, is a fully paid off vehicle with a clear title. Up to $60,000 can be loaned for a term period as long as six years. It’s an open ended loan which means a borrower can make early payments or pay off the loan with no prepayment penalties. Any financial emergencies like overdue bills, house repairs, relocation expenses etc. can be taken care of with the help of the equity title loan. Our title loans also don’t take into consideration your employment which means we don’t ask for proof of income. Once you decide to go for a title loan, make sure you know how long you have to pay it off. Our loans run for a period of up to 6 years. This allows the borrower to make small monthly payments and not be burdened with hefty loan payments.. However, a borrower doesn’t have to keep the loan for the entire loan term. You have the option to close the loan anytime and by paying off early you won’t attract any prepayment penalties. Financial emergencies can strike anytime and the lack of available cash at that time can really complicate the things further. We are available 24//7 all year round. This means no matter when you need money, you can contact us toll free number 1-844-567-7002. Our quick hassle-free auto loan is just a call away. We process our loan requests within a day’s time to make it easy for the borrower to cater to your emergency in no time at all. Funds are handed out to the borrower immediately after the approval.. The Requirements for a Vehicle Title Loan There are some prerequisites that one has to have in order to apply for the loan. There is also minimal paperwork involved which the borrower needs to submit. Once received we verify all the documents as well as inspect your vehicle. Below are the documents needed for the verification process: A lien-free title for your fully paid off car Proof of permanent residency Vehicle registration papers in your name Vehicle insurance papers in your name A second set of keys for your vehicle A valid Canadian driver’s license Proof of legal age as per your province
Benefits of Applying !
No Credit History Required
To qualify for our auto title loan you don’t have to worry about your credit history. Whether it is good or bad, your credit history doesn’t really make any difference in the loan process. Even if you don’t have any credit history, you can still apply since the loan is dependent on the vehicle’s equity value and clear title. Whatever your credit score is, you are eligible to get a loan from us. We accept all credit types since the loan is secured by the title of your vehicle. No credit checks will be performed!
No Employment Details Asked
We don’t ask for your proof of income. So if you want to keep it private, you can. No proof of income is needed to get this quick hassle-free auto loan.
No Prepayment Penalties Charged
There are many lending services that charge a prepayment penalty if the loan is paid in full before the completion of the loan term. We don’t! Go ahead and make an early payment at your convenience. We won’t apply any penalties when you do.
Keep Your Vehicle
We do not store your vehicle with us as security. All we want is the title of the vehicle and you can continue to use the vehicle during the loan. Many lenders hold on to the vehicle until they get their money back. Not us. Get an auto title loan from us today. apply online or call toll free 1-844-567-7002.
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