Dec 23, 2015
Car title loan applications are way more convenient than bank loan applications
When you apply for car title loans with Canada Loan Shop, your credit history doesn’t matter, a good credit score, or any of the other necessary requirements you’ll need for a traditional bank loan application. Also, with car title loans Edmonton you won’t have to wait days for a loan approval or worry about your loan application being rejected as long as you have a fully owned car with a lien-free title, a valid driver’s license, and proof of permanent residence.
What is the difference between car title loans and equity loans?
There are actually many types of equity loans. Auto title loans are simply a type of equity loan the lets you use your vehicle’s equity as collateral so that you can apply for a loan. With equity loans, the only factor that will affect your maximum loanable amount is the equity of your vehicle. You can loan up to a maximum of $65,000 depending only on your vehicle’s true market value.
Your car will remain with you throughout the entire loan term
Throughout your entire loan term, you won’t have to worry about sacrificing your mobility by turning over your vehicle. You will not be required to stop using your vehicle at any point in time when you apply for a car title loan.
Canada Loan Shop offers you loans of up to $65,000 depending only on the true market value of your vehicle. You will not be required to submit to a Debt Check in order to apply for a car title loan.