How To Get A Car Loan With Bad Credit?

When it comes to cash needs, everything is hardly certain. Unanticipated requirements arise all the time and you need a good solution to all of those. Our monthly bill payments, daily and family expenses, emergency situations, all depend upon the cash availability. To meet these standing needs, taking credit is one of the options that comes to your mind first. But if you do not have a good credit score to support you, it can be troublesome indeed. In such situations, your car can prove extremely useful to facilitate you to get bad credit car loans.

Car Title Loan means when you keep the title of your fully paid-for car as security to avail quick cash credit. It has various unique characteristics but the most attractive of it is that one does not need to present a good credit score to avail such loan. Equity Loans Canada is one such lender in Regina, that gives you easy car title loans in a time efficient manner.

Features Of Car Title Loans

Loan Given For 4 Years Period

In the case of a bad credit car loan, the loan is given for a period of 4 years. Which means, sufficient time is available to the borrower to fulfill their cash requirements and arrange for the funds to pay-off the loan. Also, the cash is received within 24 hours of application for such loan.

No Prepayment Penalties

On one hand that sufficient time is available to the borrower to pay-off the loans, on the other hand, there is no prepayment penalty charged from the borrower. So, if the borrower wants to pay-off the loan before the expiry date, he can do so without attracting any penalty for the same.

No Credit Checks

For getting a car title loan, any credit checks of the borrower are not conducted. This is because the loan is issued against the car title and the amount of the loan is according to the value of the car. So, it acts as the security for the loan itself.

Possession of Car Stays With the Borrower

The borrower of the car title loan gets to keep the possession of the car with themselves, while the title of the car is kept with the lender for the purpose of the loan. This is very helpful since the activities of the borrower do not stop just because of the loan.

How To Apply With Equity Loans Canada?

To avail a bad credit car loan in Regina, follow the steps:

  • Recognize your cash needs and value your car.
  • Fill in the online application form on the website.
  • Provide the documentation required for verification including,
  • A valid Canadian Driver’s License.
  • Clear title of a Car/SUV/Truck/Motorcycle, etc.
  • Registration of the vehicle under your own name.
  • An all inclusive insurance policy under your own name.
  • Submit the car title and spare keys.
  • Receive the cash within 24 hours.

With Equity Loans Canada, bad credit car loans in Regina up to $60,000 can be availed with least possible formalities. Book your appointment today on number (toll-free) tel:1-844-567-7002. 


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