Car Title Loans Are The Most Convenient Options To Get Quick Funds

In today’s modern world, people prefer to have a better standard of living and do not believe in the habit of saving money for difficult times. Everyone wishes to have a comfortable life, but sometimes an unexpected situation arises in our lives and we end up in severe financial hardship. Such financial problems can come at any point in time whether we are ready for it or not. It gets difficult to manage money especially when our expenses start exceeding the savings. Borrowing money from banks or other lending organizations could be a great idea provided you have a good credit score. Many financial institutions do not provide quick approval to those who have a poor credit history. Every financial organization has a set of guidelines to be followed that will help minimize the risk of bad debts.


car title loans Edmonton


 Therefore, a better option to solve your immediate monetary problems is to simply use the equity of your car and get a title loan against it. This can be done with the help of car title loans Edmonton from Equity Loans Canada. If you own a fully paid for vehicle, you need not worry about the funds you need. 


What are Car title loans? 


A car title loan is a short-term loan where the borrower uses their vehicle’s title as collateral to secure the required amount of money. Car Title loans are the most appropriate solution for people in Canada who are facing an urgent need for cash in a short period.


The following are the eligibility criteria for Car Title Loans :


  • You must have a lien-free car title

  • You must have a fully paid-off vehicle in your name that is no older than ten years

  • You should have a Canadian driver’s license

  • You should provide proof of permanent residence

  • The vehicle registration and insurance documents must be in your name

  • You should have a second set of keys to your car


How Do You Apply For A Car Title Loan?


Step One – Apply Online 

It is very easy to apply for a car title loan. You can fill out the application form on the website. You’ll see some fields requiring necessary information, including your car details such as year, make and model of the vehicle, and kilometres. Once submitted, you will receive a call from the staff for further information. 



Step Two – Paperwork part 


Once your form reaches the loan agents, they’ll go through every detail to qualify you for the loan. Once you are eligible, the team will determine the best loan plan for your needs. You could easily borrow up to $60,000 using the title of your car. 


Step Three – Get Same Day Cash 


You must bring in your vehicle for inspection. Once everything looks fine, the lenders will go over the loan terms and loan conditions present in the loan contract. After you have signed and submitted the papers, you can walk away with the cash. This entire loan process takes less than an hour.


If you have any questions related to the loan approval, call Equity Loans Canada at 1-844-567-7002 to speak to one of our representatives.

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