Money plays a crucial role in life for survival. When a financial problem strikes, one requires urgent cash to bail himself out of trouble. He cannot rely on banks or other traditional lending organizations to get money instantly as there is no time to wait or waste. For such tough financial problems, bad credit score auto loan is available for those with all types of credit scores. This loan is provided on the car’s title using it as collateral. Therefore, it is also known as car title loan or car collateral loan. Equity Loans Canada provides car collateral loans without any job or credit check requirements. We completely understand that financial emergencies like medical bills, house repairs, funeral costs etc. can badly affect your monthly budget. So, we ensure our borrowers get the benefits of same day cash on our loans.
Process To Obtain a Bad Credit Score Auto Loan
Step 1- Reach out to us by calling (toll-free) 1-844-567-7002 or by simply filling out our online application form with your name, address, vehicle details etc. Your vehicle details like the year of purchase, make and model are necessary in order to determine its wholesale market value which will decide the loan amount you’ll be qualifying for.
Step 2- You’ll be asked to submit some minimal set of documents. These include:
- A valid Canadian driver’s license
- Proof of permanent residency
- Vehicle registration and insurance papers in your name
- A second set of keys to your vehicle
- Proof of legal age as per your province
- You should own a lien free vehicle no older than 10 years
- There should be a clear title to your vehicle
Step 3- You will be asked to bring in your car for inspection and one of our loan representatives will determine its market value based on its working condition. Based on this, you’ll be approved and qualified for the loan accordingly. With Equity Loans canada, you can get the loan amount of up to $60,000.
Step 4- After the loan approval, the loan terms will be discussed and the agreement papers will be signed. You will receive the cash on the same day and be on your way.
Advantages Of Getting A Loan With Equity Loans Canada
Quick Financing available
A bad credit score auto loan provides a quick financing option.. After submitting all the required documents, you’ll be approved within an hour and can get quick cash within the same day.
Payment Terms are Flexible
Equity Loans Canada has long and flexible loan terms in the industry that go for as long as up to 4 years. This gives our customers plenty of time to pay the loan back without facing any financial burden on their pockets.
No Credit Checks
We don’t get into your credit score details as these loans are already secured against the title documents of your vehicle. Therefore, we allow people with bad credit or no credit scores to apply for our title loans.
Low Interest Rates and Monthly Payments
The interest rates on our bad credit score auto loans are low and also, there are low monthly payment options available for these borrowers. This has made more and more people to opt for these loans as compared to other traditional loans in the industry.
No Job Required
We understand that many people who require cash for their sudden expenses might not have a job or a good credit score. Therefore, we don’t ask for job related details. All that matters to us is your lien-free vehicle registered and insured in your name.
No Prepayment Penalties
You can pay back your bad credit car loan early at your convenience. We don’t charge a single fee for early pay out..
Keep The Vehicle
You don’t need to worry about losing your car while applying for a loan with us. We allow you to drive your car as usual throughout the loan tenure while you make regular payments. The title of your car is kept until you pay back the loan in full.
Don’t let your money problems distress you!. bad credit score auto loan are the best option especially when a financial crunch hits. Get in touch with us today! Call us (toll free) 1-844-567-7002 or apply online by filling out our application form.