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Use Your Car as Collateral for a Loan with Car Title Loans Aurora Ontario

Dec 23, 2015

Using your vehicle to apply for a loan

Car title loans provide people with the opportunity to apply for a loan using only their vehicle as collateral. Car title loans are more convenient than traditional bank loans for first time applicants with a lack of credit history or for people with poor credit scores. This is because, when it comes to car title loans, there is no need to undergo a credit check for the application process.

Car loan requirements

Car loans have very minimal requirements, making it a convenient method for people to acquire funding even on short notice. All the requirements you need to apply for a car loan are a fully owned car with a lien free title, a valid driver’s license, and proof of permanent residence.

Minimal interest rates with long and flexible loan terms

When you apply for a car title loan, you are assured of very low interest rates, long loan terms, and flexible payment plans that are highly personalized to suit your individual needs and preferences. This means that you’ll be able to set the terms that are most convenient and affordable for you so that you’ll never have to worry about not being to afford the monthly payments.

Keep using your vehicle throughout the entire loan term

At no time will you be required to turn over your car or have it placed in storage. You’ll be able to keep your vehicle and keep driving it throughout the entire loan term.

With Canada Loan Shop, you’ll never have to worry about not being able to pay off your car loan. This is because we offer the most convenient, customizable, and affordable loan terms that make your monthly payments easy on the budget. Call us now at our toll-free number 1-844-572-0004 or apply online.

How It Works

What Is a Title Loan? A car title loan can be a fantastic way to solve short term cash needs by using your vehicle to borrow money rather than with your credit score. The amount you are able to borrow is based your vehicle's value and condition, your individual loan needs, and your ability to repay.

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