Reasons to Apply for Car Collateral Loans Brampton Ontario

Dec 23, 2015

Are you struggling with your finances lately? You are not the only one who has been juggling your monthly bills. If this is the case, then applying for car collateral loans Brampton Ontario might be the best step for you. 

There are times when you hit a brick wall with your finances. You might have been laid off or there is a medical emergency in the family. Searching for a source of money to cover these debts won’t be easy. The good news is that your vehicle can be of use. 

Your car is not just for driving you around. It is also a source of extra money when you are strapped for cash. With the right car loan lender, you can use your vehicle as collateral. At Canada Loan Shop, you can apply for a loan easily. It’s that simple! 

What is Car Collateral Loan?


Ever wonder how you can get funds fast? You can start by borrowing money from relatives. There is another option too. This is putting your car up as collateral. 

What is a car collateral loan, you ask? This type of loan is where you put up your fully paid vehicle as collateral in exchange for cash. Take note that your vehicle should not have any existing liens on it when you apply for this type of loan. The best part is that you don’t have to turn over your car to the lender when your loan is approved! 

You will receive a document stating that your car title is used as a security against a loan. At Canada Loan Shop, not only will you get your loan approved quickly, but you will be able to drive your car too. 

Why Apply for a Car Collateral Loan?


Struggling with your finances can happen whether you like it or not. Asking for help from families or friends is a great idea. But there is another option and that is to apply for a Car Collateral Loans Brampton Ontario . There are several advantages to this loan. Among these are: 

  • No Need for Credit Checks


Some loans require credit checks which can take time. The good news is that car collateral loans don’t need it. This means that the application process will be easier. At Canada Loan Shop, we will not do any credit checks at all. Even if you have bad credit, we will still entertain your application. Among the requirements that we will need from you are: 

  • Car registration with your name on it 
  • Car insurance
  • Valid Driver’s license


  • Fast Application


Unlike when applying for mortgage loans, car collateral loans are done quickly. In fact, you can apply for one at home! Just fill out the form on Canada Loan Shop for a few minutes and that’s it. We’ll call you as soon as we receive your application. They will discuss with you our loan terms so you can decide. Once your loan has been approved, the loaned amount will appear in your bank account. 

  • Get Cash Quickly


Do you need funds ASAP? Your best bet is to apply for a car collateral loan with us. This loan will get you the money you need without having to go through long processes. As long as your vehicle is fully paid for and registered under your name, you are good to go. 

  • Secured Loan


Most loans come with high-interest rates, but not this one. You can even drive your vehicle even while the car title is still being used as collateral. There are no hidden fees and penalties to worry about. We are straightforward with our loan terms. We will discuss the terms and conditions of our loans so you will know what you will be signing up for. 

  • Affordable Loan


There are times when you need money fast. It might be that you need to pay for a bill or a repair in your home. If you are having difficulties with your finances, you will need a loan as fast as possible. This is where Canada Loan Shop comes in. We will help with speeding up the loan process so you can get the money in your bank in no time. Since we don’t do any credit checks, you can have your application processed immediately. 

  • Works with Bad Credit


If your credit standing is not that good, don’t worry. You are in luck because using your car as collateral will work even when you have bad credit. At Canada Loan Shop, we welcome all credit scores. We will help you apply for a loan even when your credit score is below the desired number. After all, we want you to get financial help as fast as possible. Call us today!

The Number One in the Industry of Car Collateral Loans Brampton Ontario


Who would have thought that investing in a car can be beneficial to you in more ways than one? Not only do you have a car to get you anywhere, but you can also use it as collateral for a loan. When times are tough you will need a lender to help you get the money. This is what Canada Loan Shop is all about. 

Canada Loan Shop is the number one in the industry in Ontario when it comes to car collateral loans. We can help you get your loan processed within 45 minutes. That’s how fast you can get your money with us. We can lend up to $65,000 depending on the condition of your car and your financial standing. It doesn’t matter what kind of vehicle you have, we got you covered. No matter what size vehicle you have, or the money you need, we can help. 

Don’t stress out about where to get money for your bills or other expenses. Canada Loan Shop is just a click away to help you out. Find out more by calling us at 1-844-572-0004 today!

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    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 on your vehicle's value and condition, your individual loan needs, and your ability to repay.

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