What are equity loans?
Equity loans are a type of loan where you can use the equity of a certain property you own, such as a house or car, as collateral to take out a loan.
What makes equity loans more convenient than traditional bank loans?
Banks often require you to submit a large number of requirements every time you apply for a loan. Obtaining these requirements can sometimes be a very time consuming process. Also, bank loans often have job requirements and always order you to go through a Debt Check to determine your credit score. Failing to produce any of these requirements can mean the disapproval of your loan.
Equity loans, on the other hand, fall under the umbrella of fast cash loans. Compared to traditional bank loans, equity loans have very few requirements and much faster processing times. A fast cash loan is ideal for people who are in a hurry to acquire money to solve unforeseen financial emergencies or for first time loan applicants without a credit history
Your car is the key to fast cash
When you apply for vehicle title loans, the requirements are very minimal and the processing is extremely quick. In fact, you can have the money that you need within an hour after applying for your loan. All you need are a fully owned car along with its lien free title, a valid driver’s license, and proof of permanent residence.
With Canada Loan Shop, we loan you up to $65,000.00 regardless of your credit score. Your maximum loanable amount is determined by the current fair market value of your vehicle. Your vehicle’s fair market value will be fairly appraised by our highly-experienced professionals based on factors such as its year, make, model, mileage, and engine condition. Call us now at our toll-free number 1-844-572-0004 or apply online.