The need for instant money can occur at any time. We all know that handling uncertain expenses can create financial trouble. We all try our best to manage our daily expenses, but if someone gets ill in the family, or you face loss in the business, or you have to buy a new house, it gets a bit difficult to manage. The first thing that comes to mind is to take funds from family or friends. But it isn’t a feasible option. Vehicle title loans are the easiest and quickest way to obtain funds using your vehicle as collateral. You don’t have to submit your vehicle, you can still drive it as usual. The lender will only keep the vehicle title as collateral. You’ll also have to submit a few documents which include vehicle registration papers, address proof, valid driver’s license.
Your financial history doesn’t matter. The lender will not consider your good or bad credit score to determine whether you will qualify for a car equity vehicle loan or not. The loan amount is based on the market value of your vehicle and its overall condition.
Bad Credit? No Need To Worry
Most people are worried that because of their bad credit score they won’t be eligible for the loan. If you are also worried about it, relax and get a vehicle collateral loan without providing details of your financial history. Your job or credit doesn’t matter when you are applying for a loan with them.
The Attractions Of The Auto Equity Loan
- No credit checks
- No credit history required
- No employment details asked
- No proof of income needed
- Keep your car
- Same day cash
- Easy paperwork
The process of the car equity loan is easy because there is minimal paperwork. You only need to submit a few documents, and you are good to go. After this, they call you if you are eligible for the car loan. Car title loans Victoria are fast to process and the repayment process is easy as well.
Benefits Of Vehicle Title Loans
- The term duration of the loan is as long as upto- 4 years. This will helps you repay the borrowed amount without any financial difficulty.
- There are no early repayment charges on the loan before the maturity date.
- The lowest monthly payments are affordable and do not disturb your budget.
- The lender doesn’t ask for proof of income to approve your loan.
- The lender assures instant release of funds after the approval.
After document submission, they set up an appointment if you get approval for the loan. You can also visit their office near your location. After you visit them, they inspect your car. The loan agent also provides the amount of the loan according to your vehicle’s present value. You have to submit the required documents only if you are eligible for a loan just after verification. The main documents they require are the following:
- 2010 or newer vehicle
- Valid driver’s license
- Vehicle registration papers
- Proof of address (a piece of mail)
- You must be of legal age
- Fully filled out an application form
- The second set of keys to your vehicle
This loan is the best option for people with bad credit without any hesitation because it is secured by the title papers of your vehicle. Since the loan is backed by your car title, you get quick loan approval. You even get the needed funds on the same day of the loan approval.
E-transfers for funds also available
The cash option is also there, but you can also get funds even through e-transfer and bank transfer.
Due to the pandemic, they are even offering payment deferment for the instalments of the loan.
You can get a car title loan at any time without worrying about your poor credit history. After getting the loan you can use your funds the way you want and also keep driving your car. Anyone can take a car equity loan, to get back your life on track, and you can feel relaxed. Enjoy every moment of your life.
If you are looking to get instant funds, you can reach out to Same Day Cash Loan. They offer the best car title loans across Canada.