A car title loans is a loan where you get instant cash in return for keeping your vehicle as collateral. Now coming to your question, how much can one get on a title loan? Well, the answer is one can get the amount depending on the condition of the vehicle you decide to keep as collateral. When you apply for this loan, the professionals will call you for the inspection of your vehicle which therefore will decide the loan amount for you. You can get an average amount from $100 to $5500, but there are several other lenders who lend around $25,000 as well. Now let us analyze how one can get this loan and make use of this loan amount to get rid of the financial crises.
How to apply for this loan?
To apply for this loan, all that you will be required to do is fill an online application form. The online application form will be available on the lender website, you can fill in the necessary details and submit the documents that will be required for the loan approval and to apply for the loan. The list of documents includes the following.
- Lien free vehicle
- Proof of permanent residency in Canada
- Proof of legal age
- Valid Canadian driving license
- Proof of registration and insurance of the vehicle under your name
- The second set of keys to your car required at the time of inspection
- A fully paid vehicle, not older than 10 years.
This is the list of documents that you will be required to present at the time of filing an online application form. After submitting the application you will receive a call from our experts, who will guide you with the further process and will call you for the inspection of the vehicle so that the loan amount can be decided depending on the value and condition of the vehicle, i.e. the market value of the vehicle will be calculated.
One can make use of a car title loans MooseJaw to get rid of the financial stress one is facing in life. Most people prefer this loan during sudden emergencies or monetary issues because of the benefits this loan offers itself.
Why do people prefer this loan?
1. Low-interest rates
People prefer this loan because of the low-interest rates. Several banks and money lending institutions charge comparatively a high-interest rate, therefore, people choose this loan because of the interest rates that this loan offers. Our interest rates are what draw our customers back to us no matter what.
2. The loan tenures period is up to 4 years
The borrowers get four years to pay back the loan amount i.e. they get four years to collect the funds and pay back the amount. This gives the borrowers enough time to collect the funds without any haste and thus return the money to the lender with interest rates.
3. No prepayment penalty
If the borrower plans to pay back the loan amount before the maturity date, he can because there is no prepayment penalty for the same. Several banks and money lending institutions charge some fines for the same, but with us, you do not have to worry about it.
4. The quick and simple loan process
The process to apply for the loan and getting it approved is simple and quick. With the minimal paperwork and least documents you will be able to apply for the loan, and also you will get the approval the same day within a few hours of applying for the loan.
5. No credit check
With us, you do not have to worry about the credit score or history. If you have a low credit score or history, don’t worry you can still apply for the loan and get approved. Your credit score has nothing to do with the loan. Several people assume that they will not get the loan because of the bad credit, but you can kick away this assumption and apply for the loan with us.
Another perk of getting this loan is that the borrower gets to keep the vehicle for the loan tenure period. The borrower can keep the loan money as well as the vehicle for the loan tenure period.
These are the perks of applying for this loan and with the help of a car title loans the borrower can get rid of the financial crises he has been facing, and he can make use of the amount to solve and get rid of all the monetary issues. For more information, you can seek help from Get Loan Approved and get the best guidance for your financial issues and how to cope up with them.