Your credit score and credit history will not affect your chances of getting approved for an equity loan
When you apply for a vehicle title loan through equity loans Caledon Ontario, your maximum loanable amount will not be affected by factors such as your income statement, credit score, or credit history.
Since car title loans are considered as equity loans, only your vehicle’s true market value will determine how much you will be able to borrow. This means that only factors pertaining to your vehicle, such as its year, make, model, mileage, and engine condition, will determine your maximum loanable amount when you apply for a car title loan instead of a traditional bank loan.
Minimal requirements make it easy for anyone with a vehicle to apply for a car title loan
You will not need to worry about having to submit a myriad of requirements when you apply for a vehicle title loan. All you will need in order to be eligible for a vehicle title loan are a fully owned car with a lien free title, a valid driver’s license, and proof of permanent residence. These minimal requirements make it possible for anyone with a vehicle to get a loan approval within only one hour subsequent to your car title loan application.
By applying for a car title loan through Premier Loans Canada, you will be able to get a loan approval within one hour or less without having to submit to a mandatory credit check. To experience a hassle-free loan application procedure today, simply call us at our toll-free number 1 (855) 965-1650 or log on to our website to apply for a car title loan online.
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