How vehicle title loans can benefit you
Vehicle title loans are much easier to apply for than traditional bank loans. While traditional bank loans require you to acquire and submit numerous documents and undergo credit checks for the application process, car title loans only require you to have a fully owned car with a lien free title, a valid driver’s license, and proof of permanent residence. This means that you can make a loan regardless of your credit score as long as you have the minimum requirements needed for a vehicle title loan.
How the maximum loanable amount of a car loan is determined
You can borrow up to a maximum of $60,000.00 with minimum requirements when you apply for car loans. Only your vehicle’s condition, not your credit history or credit score, will determine how much you can actually loan.
Short approval periods make loan processing convenient for you
Because the requirements needed for the application of car loans are so minimal compared to the requirements needed for the application of bank loans, car loans can be approved in a fraction of the time it takes for traditional bank loans to be approved. While bank loans can take a few days to be approved, car loans can be approved in merely an hour.
Canadian Title Store makes it easy for the common man to apply for a loan without having to go through the tedious application process that comes with applying for a traditional bank loan. Worry less about your credit history and credit score and take action as quickly as possible by applying for a car loan today! Visit our website to learn more about car loans. Act now and call us at our toll-free number 1-844-512-5840 or simply apply online.