People who need quick cash and own a car can try and secure an auto title loan. This secured loan is known for its minimal requirements and fast application process. And if you play your car’s right, you can even secure a substantial amount. Read on to find out what is the maximum you can get from an easy bad credit loan Prince George British Columbia.
How to Enjoy Higher Loans
The amount you can borrow from a title loan will depend on your car’s equity. Most lenders will offer you a loan equal to around 25% to 50% of the collateral’s value. This means that the better the equity you’ve accumulated on your car, the higher the loan. According to the experts, the average title loan amount falls between $100 to $5,500. However, some companies can offer a maximum of 10,000 to $50,000. You can even try to get an increase in your car pawn loan depending on how many payments you’ve made on time.
There are a lot of factors that determine how much you can borrow. Lenders will assess the vehicle in terms of its age, model, brand, ownership, style, mileage, the condition of its interior and exterior, and other after-sales improvements made. The borrower’s location will also have an impact on the loan as some states impose a specific amount.
Same Day Cash
Applying for a loan is quick and easy with Canada Car Cash. The company specializes in title loans and can offer more money than other lenders. Their interest rates are 70% lower than their competitors and they also offer extended loan terms. You don’t even have to worry about credit checks or employment requirements. Log on to their website to apply. You can also call their toll-free number at 1-844-598-7631.
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