The convenience that car loans provide and bank loans do not
Traditional bank loans often have a very strict and selective loan approval process. They usually require the submission of numerous documents and also require you to undergo a credit check. This is bad news if you have a poor credit score or are a first time applicant with no credit history at all.
You could end up waiting for days, even weeks, only for your loan application to be turned down. However, with car loans, the requirements are so minimal and the process is so easy and convenient that your loan application can be approved within the same day of your application.
What are the required documents?
To apply for vehicle title loans, the only requirements you’ll need are a fully owned car with a lien free title, a valid driver’s license, and proof of permanent residence. You will NOT need to go through the hassle of getting a credit check because, with vehicle title loans, your loan approval does not depend on your credit score.
How is the maximum loanable amount determined?
Your maximum loanable amount is determined not based on your credit score, but based on the true market value of your vehicle. Your vehicle’s true market value is fairly determined based on factors concerning your vehicle such as its year, make, model, mileage, and engine condition.
With Canadian Title Store, you can loan amounts up to $60,000.00 depending only on the condition of your vehicle and not on your credit score. Feel safe and secure with the fact that our highly trained professional loan experts fairly appraise your vehicle’s value. To find out more, call us now at our toll-free number 1-844-512-5840 or apply online.