Put Cash in Your Pockets by Using Your Car as Collateral for a Loan with Vehicle Title Loans York Ontario

Nov 17, 2016

Get approved for a loan by using your car as collateral

Vehicle title loans are quicker, easier and more convenient than traditional bank loans. Unlike applying for a bank loan, you won’t need to worry about your credit score or your credit history when you apply for a vehicle title loan. In fact, the requirements are so minimal that you can be approved for a loan within only one hour subsequent to your application.

What are the necessary requirements to be approved for a vehicle title loan?

You will not need many requirements to apply for a vehicle title loan. All you will for your vehicle title loan to be approved are a fully owned car with a lien free title, a valid driver’s license, and proof of permanent residence. And because vehicle title loans are considered as no credit check title loans, you will not need to undergo a credit check or worry about your credit score. Only your vehicle’s value will determine your maximum loanable amount.

Your maximum loanable amount will depend only on your vehicle’s true market value

You can loan up to $60,000.00 as long as your vehicle is in good condition. Your vehicle’s true market value can be determined fairly easily depending on factors such as its year, make, model, mileage, and engine condition.

Canadian Title Store can get you approved for a loan regardless of your credit score and credit history. Also, because of the minimum requirements necessary for the car loan application, the approval period typically lasts only one hour or less. If you need cash in a hurry, applying for a car loan is definitely the solution for you. Apply for a car loan today by calling us at our toll-free number 1-844-512-5840 or by submitting your application online.