It doesn’t always have to take weeks in order to get a loan approval
It usually takes a few weeks in order to get a loan approval when you apply for a traditional bank loan. This is due to the numerous requirements and mandatory credit checks that you must comply with the bank loan application. However, when you apply for a bad credit loan through car title loans Surrey BC, you will not need to submit a myriad of requirements or undergo mandatory credit checks to determine your credit score and credit history.
All you will need to be eligible for bad credit loans, such as car title loans, are a fully owned car with a lien-free title, a valid driver’s license, and proof of permanent residence. Your maximum loanable amount will then be determined based solely on your vehicle’s true market value. This means that only factors pertaining to your vehicle, such as its year, make, model, mileage, and engine condition will determine how much you will be able to borrow.
Low-interest rates make it easy for you to pay for your monthly payments
You will never have to worry about defaulting on your loan due to your inability to pay for your monthly payments when you apply for a car title loan. This is due to the fact that all car title loan applicants are entitled to low-interest rates, long loan terms, and flexible payment plans.
With Canada Loan Shop, applying for a car title loan has never been easier. To apply for a car title loan today, you can call us at our toll-free number 1-844-572-0004 or you can log on to our website to apply for a car title loan online.