An Auto Equity Loan is a way for people with all types of credit to borrow money using the title papers of their vehicle. When the title papers are used as collateral, your loan is based on the equity value of your vehicle. Snap Car Cash can help you turn your vehicle into a cash machine while you continue driving it. This money can be used to meet your emergency financial needs that may arise due to unexpected events. We aim to make the entire loan process a pleasant experience for you. In simple words, yes you can get cash using a vehicle.
No Credit Checks or Job Requirements
Applying for a loan from a bank may lead to rejection in cases where you have a poor credit score. The lender checks your ability to repay the loan by judging your past credit. However, we understand that a financial emergency can arise at any time and your savings may not be enough to help you out. In such a situation, improving your credit score in order to borrow from banks is not possible since you cannot improve your credit rating overnight. This is where we help you by giving quick cash irrespective of your credit score. When you borrow from us, you do not have to worry if your credit score is poor. Your credit history does not prevent us from helping you. We don’t ask or verify a source of fixed income either as there are no job requirements while borrowing from us. Your vehicle is the asset used to lend the money.
Quick and Secured Process
The complete application and approval process is very convenient. The application can easily be done while sitting in the comfort of your home. The loan process is fully secured so you don’t have to bother about your privacy being put at risk. It takes as little as 2 minutes to fill out our online application form. Our staff will contact you as soon as your request is received. They will assist you throughout the process and make sure that you have a hassle-free experience. We have multiple locations across Canada who are happy to serve you.You can take advantage of our services anytime since we are available 24/7.
Convenient Repayment Options
Our loan tenures are longer than others to prevent from burdening you with heavy monthly installments. The interest rates are guaranteed to be the most competitive amongst our competitors in the industry. We provide affordable and manageable monthly payments. The repayment process is made flexible for you by providing various options to ease your burden. Our loans are open loans, so there is no need to carry out the loan for the entire period. You can repay early to close out the loan if you have the capability and resources to do so. We will not charge any extra fees. Absolutely, no prepayment penalties for early payout prior to the expiry of the loan term. Getting cash using a vehicle couldn’t be easier with us.
Keep your Vehicle
We do not ask you to surrender your vehicle. We only need you to hand over your car title documents temporarily for the duration of the loan. Once the loan is repaid, you can take back your papers. Your vehicle stays with you and you are free to use it as usual.
Minimum Documents Required
The first step in borrowing funds through our car title loan is to check if you pre-qualify or not. You can apply online by filling out our easy application form or by calling us. Provide us the details of your vehicle and the below mentioned documents to get an estimate of the loan amount you can borrow.
- A Fully paid for vehicle no older than 10 years
- A lien-free title to the vehicle
- Proof of permanent residence (a piece of computer-generated mail)
- Vehicle registration papers in your name
- Vehicle insurance papers in your name that include collision and comprehensive
- A valid Canadian driver’s license
- A second set of keys to your vehicle
- Proof of legal age as per your province
Once the easy paperwork is complete, you have to bring your vehicle in for inspection. The market value and the condition of your vehicle are the most important factors to determine the amount you may be eligible for to borrow from us. T After the inspection of your vehicle and submission of the required documents, as well as your agreements signed your loan will be approved. Youwill then get the funds within a few hours of loan approval and then you can take your vehicle and be on your way!.
Call us (toll free)1-888-886-SNAP(7627) today and put your financial worries to rest or apply online.
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