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Millions of people love low monthly car collateral loans Ajax Ontario because they can get fast cash without the exorbitant interest rates that come with credit cards. Plus, this secured loan can be used for anything. It’s crucial that you do your research before getting any type of loan. But with all the information floating around online, it’s hard to narrow down which details are important. Here’s what you should know about this loan.
4 Most Commonly Googled Questions about Auto Title Loans
- What do I need to apply? You need a high-value vehicle to use as collateral. It should come with a clean title on your name. You should also have valid IDs, proof of residence, proof of income, and good car insurance.
- What’s an acceptable credit score for this loan? You can qualify for this loan regardless of your credit score. Because there’s collateral, your credit score is a secondary criterion. It’s why even people with low credit ratings can apply.
- How long does it take for my loan application to be approved? It will only take at most four hours. Some lending companies even give approval in as little as 15 minutes. Most lenders don’t do extensive credit checks because of the collateral.
- How much can I borrow? It will depend on the car equity. Most lenders offer anywhere from 25% to 50% of the car’s value.
Same Day Cash | Car Collateral Loans Ajax
Canada Car Cash will provide you with secure and hassle-free financial assistance. We specialize in title loans and can offer more money than other lenders. We have the lowest interest rates and monthly payments. We can also offer extended loan terms and same-day cash. Log on to our website to apply or call our toll-free number at 1-844-598-7631.
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