Frequently Asked Questions For Title Loans
If we have received all the required information and you meet our criteria, you can receive the loan on the same day that we receive your application. We send the funds to you by e-mail money transfer.
You can get this type of loan with any vehicle that belongs to you, is a 2008 or newer model year some exceptions apply, has no more than 180,000 KMs, is not seriously damaged, is currently plated, is registered in Alberta and is fully insured.
We can still give a Title Loan using a vehicle registered in your company’s name if you own the company and can prove it.
If you own a vehicle that is less than 12 years old that has equity then bad credit is not a problem. Our loans are secured by the value of the borrower’s vehicle, so credit rating is virtually irrelevant.
Yes, you can qualify even with a bankruptcy on your record. Our loans are approved based on the value of your vehicle, not on your credit rating. If you have a car that is less than 12 years old, you can be approved no matter what your credit rating is.
No, your car remains in your name and in your possession for the duration of the loan. We put a lien on it.
Our title loans are flexible and made to suit almost any budget. You can choose to pay your loan in monthly installments for a period of 1 to 4 years.
No. There is no cost to apply
The amount we can lend is determined by the equity you have in your asset.
– Your car is less than 8 years old
– Your car is fully paid for
– Your car has a clear title (not leased and no outstanding loans on it)
– Your car is insured, including collision and comprehensive coverage
– You have a steady income
When applying for a title loan from us, you’ll be asked to scan and email (or fax) the following documents:
1.Two pieces of photo ID (license and health card)
2.Proof of income
3.Proof of vehicle insurance
4.Proof of ownership of vehicle
5. Void check