There’s nothing quite like an auto title loan. This secured loan is designed to help people who need fast cash. It has a simple application process. The collateral the borrower puts up means approval is fast. But like any other loan, you must prove that you’re qualified for an auto finance bad credit St. John’s Newfoundland & Labrador loan.
Proving Your Qualifications
- Show IDs to prove you’re an adult. All types of loans require borrowers to be 18-years old or older. This is because lenders can only hold adults liable for a loan. You can show any government-issued IDs, your passport, or your driver’s license.
- Submit proof of income. You have to convince the lending company that you can repay the loan. It’s why lenders require borrowers to show a month or more worth of payslips. Title loan specialists are more flexible and will accept pension slips, disability slips, or even a bank statement as proof.
- Provide a well-maintained car as collateral. This secured loan revolves around car equity. It should be high enough to cover the loan. You also need to show a clean title. While you can use any vehicle, most lenders prefer a conventional car with low mileage and less than eight years old.
Lowest Interest Rates in the Industry
Getting a loan is simple with Canada Car Cash. We specialize in title loans and offer more money than other lenders. Our interest rates are 70% lower and we’re known for having the lowest monthly payments. You don’t even have to worry about credit checks or employment requirements. Log on to our website to apply or call our toll-free number at 1-844-598-7631.
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