What is a car title loan and how does it work?

A car title loan is a type of secured loan where you use your vehicle’s title as collateral. The loan amount is determined based on factors such as your car’s value, age, and condition. When you apply for a car title loan, Top Loans Canada will review your documents and assess your vehicle’s worth before approving the loan amount. Once approved, you receive the funds while still being able to use your car, as long as you meet the repayment terms.

How much money can I borrow with a car title loan?

At Top Loans Canada, we ensure to offer the maximum value for your car when you apply for a car title loan. The loan amount varies based on factors such as your car’s value, age, and condition. The maximum amount you can borrow with a car title loan is up to $50,000.

Do I need good credit to get a car title loan?

No, you do not need a good credit score to get a car title loan. Since it is a secured loan, approval is based on your vehicle’s value rather than your credit history. At Top Loans Canada, we take pride in offering the maximum value for your car without considering your credit score.

How quickly can I get the money from a car title loan?

At Top Loans Canada, we take pride in offering fast approvals for car title loans. Depending on the documents provided, your application may be processed and approved on the same day. The process is quick, ensuring you get the cash you need without long wait times!