Your vehicle’s true market value determines your maximum loanable amount
Unlike traditional bank loans, which will require you to submit a myriad of documents and undergo credit checks in order to determine whether or not you are financially capable of paying off your loan, auto loans surrey enable you to apply for a loan of up to $65,000.00 regardless of your credit history or credit score.
How auto loans work
You can apply for auto loans by using your vehicle as collateral. This makes it so that the state of your credit score is a nonissue when applying for an auto loan. This is why auto loans are known as no credit check title loans.
Requirements needed to apply for an auto loan
The requirements needed to apply for an auto loan are minimal compared to the requirements needed to apply for a traditional bank loan. All you will need to be approved for a vehicle title loan are a fully owned car with a lien free title, a valid driver’s license, and proof of permanent residence.
Keep your car when your auto loan is approved
Upon the approval of your auto loan, you will not be asked to give up possession of your vehicle. You will not be forced to commute and you will be able to continue using your vehicle throughout the entire term of your auto loan.
With Canada Loan Shop, you can apply for an auto loan without having to worry about the state of your credit history or credit score. With nominal requirements, you can apply for an auto loan and expect an approval within only one hour subsequent to your auto loan application. To apply for an auto loan today, call us at our toll-free number 1-844-572-0004 or simply apply online. You can also visit our social media accounts for more information.