car collateral loan | Equity Loans Canada

In these difficult times, managing your expenses and catering to your immediate cash needs has become difficult. One may think of going to a bank for a loan. It is a good option provided you have a good credit score and are in no hurry to get the money. The process of getting money from a bank comes with its own demerits. One has to sign a lot of paperwork and this may take weeks or months for approval. The chances of getting rejected because of bad credit history are high. A specialised car equity loan from Equity Loans Canada does not require a perfect credit score. People with bad credit scores in need of instant cash can apply for our auto equity loan with us. We will help you deal with the crisis and get you a bad credit score loan approval at the earliest. Don’t let your credit history bother you, just apply for a poor credit score loan and get the funds quickly. This loan is secured by using your vehicle’s title paper as collateral.

Borrow up to $60,000 with us

Based on the current market value and the working condition of your vehicle you can borrow up to $60,000. The final amount is calculated after the inspection of the vehicle.

Check out the benefits of a poor credit car loan

No credit checks

Your bad credit history or job details are not our concerns. You get instant funds even on the same day of loan approval. There are no credit checks done by us. Your vehicle is your credit.

No Prepayment Penalty

Our loan is an open ended loan which means you can close it by making an early payment whenever you want. There will be no prepayment penalty charged on you for doing so.

Competitive Interest Rates

We ensure the lowest interest rates in the market. We provide our loans at competitive interest rates which benefits you.

Get Cash Fast

Equity Loans Canada helps you deal with your financial crisis by providing instant cash. Do not feel stressed over your need for quick cash requirements, we will certainly help you during your tough time.

Keep your vehicle with you

Drive off with your vehicle and keep using it during the loan period. There’s absolutely no need to store your vehicle with us.

How does it work?

Step One – Call us or Apply Online & Get Prequalified

Give us a quick call or apply online by following simple steps and get a preapproval. Once the online process is complete one of our loan agents will get in touch with you and brief you about the further steps in the process.

Step Two – Hassle Free Paperwork

You have to submit some basic documents. The process is short and doesn’t eat out much of your time. We need just the basic information about your vehicle like the year, make and model of the car, and the kilometers. We will then prepare the loan documents and inspect your car.

Step Three – Get the Money

Once the paperwork is done, get your funds immediately after you sign the agreement papers.

Step four – Keep your car during the loan

When you receive the funds you also get to keep your vehicle since we don’t store it with us. Yes, you read it right, continue to drive your car as before. Your vehicle is used as collateral for this loan but you still get to keep it during the loan term.

The Requirements

Proof of legal age as per your respected province
A vehicle that is not more than ten years old
A clear title to your vehicle
The vehicle must be registered and insured in your name
A valid Canadian driver’s license
Proof of permanent residency
A second set of keys to your car

Apply with Equity Loans Canada to get a specialised car equity loan today! Contact us (toll-free) 1-844-567-7002 or apply online. Our experienced loan experts are ready to help and walk you throughout the entire loan process.

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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Need Cash – Apply For A Specialised Car Equity Loan

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