May 07, 2021

Best Car Title Loan In Canada For People With Bad Financial History

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Post-COVID times have put a real challenge in front of us. Money has become a crucial aspect for people who have suffered a lot during the pandemic. The loss of a job, living a frugal lifestyle, overdue utility bills, etc. have made it imperative for the people to seek monetary help. 

Getting emergency funds is now more difficult than ever since banks have become stricter and most credit institutions want a good financial history from their borrowers. However, people who want instant money, can apply for a car title loan which doesn’t need employment details or credit checks. With instant approval and a faster fund disbursal process, an auto title loan can be availed by putting up a fully-paid vehicle as collateral. 

It is easy to procure the car title loan in the comfort of your home by applying online through our website. We at Get Loan Approved, are determined to help you financially whenever you find yourself in a financial dump. A short term loan from us can be used for various purposes like paying your bills on time, sorting out money disputes, settling divorce cases, repairing and revamping your house, etc. 

We provide our car title loan at competitive interest rates and the borrower can repay the loan amount through flexible payment plans. Our loan period can last at least 48 months and repayment can be done through monthly installments. Just in case the borrower wants to pay for the loan before the end of the loan term, it is possible because we accept prepayments and don’t charge penalties for it. 

When we say that a borrower has to use his car as collateral, it doesn’t mean that he has to surrender the vehicle to us. A borrower is free to keep driving his car during the loan term also. Make sure you don’t miss out on your installments and in case you find it difficult to arrange for the EMI, feel comfortable to update us. 

Car Title loans in Toronto are not offered by banks or credit unions. The paperwork for these loans is also less complex compared to loans offered by banks and other lenders. We only require basic paperwork that is easy to comply with. The list of documents include the following:

  •  Proof of legal age in your location
  • A vehicle that is fully-paid for 
  • A clear title to your vehicle
  • The vehicle should be registered and insured under your name
  • A valid Canadian driver’s license
  • Proof of permanent residency
  • A second set of car keys 

Getting your vehicle verified is an important step in the loan process. It allows us to calculate the loan amount we can provide you with based on the equity value of the car. You can visit our branch near your location and talk to one of our loan agents for more information.  

Call us at our (toll-free number) 1-855-653-5448 for a free quote or apply online.

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