frequently asked questions

What is a title loan?

A title loan (also known as a car title loan, vehicle title loan, auto title loan, or vehicle equity loan) is a fast, safe and easy way for individuals who own their car with a lien free title to get cash using their car as collateral.

Can I still qualify with a bad credit score?

Of course you can! At Canada Loan Shop, we do not check or care about your credit history. Your vehicle is your collateral, so don’t worry about it!

Does my car have to be paid off?

Your vehicle must be fully paid off and without any liens in order to obtain a car title loan.

Who is eligible for a Canada Loan Shop?

If you’re a citizen of the Canada, and you are over the age of 18 then you are eligible for a loan with Canada Loan Shop.

How much money can I borrow?

Depending on the value and condition of your vehicle, you can receive up to $65,000 from us!

What is a lien free title?

A lien free title means that you own your car completely, without any loans or existing external interest in it.

Is the interest rate high?

With Canada Loan Shop you are sure to receive the lowest interest rate in the industry. We will also create a personalize payment plan that works with you!

Is my personal information safe?

Canada Loan Shop has been a trusted Canadian company for over 12 years. We make it an absolute priority to keep our client’s information safe and confidential.

 

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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