Car loans make traditional bank loans seem complicated and obsolete
Applying for a traditional bank loan can be a complicated and needlessly tedious experience. If you apply for a loan from a bank without the necessary requirements or with a poor credit history or credit score, there is a big chance that your loan application will end up being declined. This can be an especially annoying experience if you’ve already been waiting a week only to find out that your bank loan application has been disapproved. This is rarely the case with car loans.
Why applying for a car loan is convenient
When you apply for a car loan, you will not be required to undergo a credit check. The requirements are so minimal that the approval period of car loans typically lasts about one hour instead of one week in the case of bank loans. The only requirements you will need to be approved for a car loan are a fully owned car with a lien free title, a valid driver’s license, and proof of permanent residence.
What about credit scores and credit histories?
Your credit score and credit history will not come into play when you apply for a cart loan. This is because car loans are categorized as no credit check title loans. Only your vehicle’s true market value will determine your maximum loanable amount.
Canada Loan Shop has title loan experts who are always ready to provide you with assistance throughout the entire application process. Your car’s value and your maximum loanable amount of up to $65,000.00 can be easily determined based on your vehicle’s year, make, model, mileage, and engine condition. To find out how much your car can get you, call us today at our toll-free number 1-844-572-0004 or simply apply online.