In this life, there are some situations when you may need immediate cash to save yourself from getting into huge problems, for instance, overdue credit card bills, emergency medical bills, sudden house repairs, and many more. People having a good credit score may think of applying for a loan with banks. But they too think twice before moving forward because they know that these institutions take a lot of time to approve you for a loan.
If you are looking to get a fast loan, you should consider a title loan. This loan is available for everyone out there. The ones having no credit score or a bad one can also apply for this loan. If you are looking for better opportunities or are thinking of starting your own business, you can take advantage from this type of loan.
Title loans are known as fast loans because you’ll get money instantly after getting the approval. In title loans, you will use your fully-paid for vehicle as collateral to get the money you need. You should have a vehicle that is not older than ten years and must have a lien-free title to the vehicle. Your valuable asset can prove its value at such times and help you make money to save you.
Why Choose Car Title Loans?
Here, you’ll be using your vehicle as collateral and thus this loan is also known as vehicle collateral loans. The loan amount that you can borrow from this loan is known as equity and that’s why it is also called an equity loan. The equity value depends on various factors such as working conditions and the present market value of the vehicle.
You can easily apply for title loans. You just have to call the lending institution or visit their website. You can fill out the small application form available there and then their representative will brief you about the process.
You can also fulfil all your dreams by getting money from this loan. The reason why this loan is called a fast loan is because the paperwork of this loan is minimal. You just have to submit a few documents for verification.
List of Documents required:
- A lien-free title to the vehicle
- A valid Canadian driver’s license
- Vehicle registration papers in your name
- Proof of permanent residency
- Spare set of keys that works on the vehicle
- Proof of age as per your province
- Proof of your permanent residency
- Insurance papers in your name which include collision and deductible
This equity loan is different from other loans such as a home loan or an education loan since you’ll get complete freedom to use the funds wherever you want to. You can use the money to pay bills, to buy tickets, to buy some assets, or on many more things. The lender does not restrict the usage of funds.
Once you submit the required papers, the next step is to bring your vehicle to the lending institution for inspection purposes. After that, you’ll get approval within a few minutes. The perks of applying for the loan are:
- With this loan, you can get the money on the same day of approval.
- You can close the loan account by paying back the amount before the end date of the loan. You’ll not be charged with any prepayment penalties.
- You’ll also get the most genuine and industry-best interest rates. The monthly instalments are kept low to help you manage the money without any stress.
- The loan terms are long i.e. up to 4 years. Thus, you can easily manage to pay it back.
- The major advantage of applying for this loan is that you’ll not have to surrender your vehicle to the lending institution. You are free to use your vehicle as before. You can collect the money and drive away with your vehicle.
Don’t delay and wait for a miracle to happen. Solve your financial problems by applying for a fast loan. Canadian Title Store is one of the best lending institutions in Canada that offers all these mentioned benefits and many more. They also offer round the clock support to their clients. Apply today and get rid of all troubles and live your life happily.
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