Yes, you heard it right, getting a personal loan with bad credit these days is very easy. No more waiting for long periods of time for loan approval and ending up being rejected just because you don’t have the appropriate credit score.
The current challenges you are facing are already enough for you to get crippled by your bad credit score. All you need is a car title loan from Super Collateral Loans to settle your financial problems.
About the Car Title Loan
A car title loan is also called an auto pawn loan and is one of the easiest and the most convenient loan options in Canada. It is acquired using the title of your fully-paid car which has to have a positive equity value. It is so convenient because of the few formalities required and quick processing.
- Any Vehicle Is Eligible
The vehicle that you want to use as collateral can be of any kind. It can be a car, truck, van, bus, motorcycle or any vehicle you might have. The only condition is that it must not be older than 10 years old.
- No Credit Score Or Job History Checks
For getting approved for this type of loan, borrowers are not required to present a good credit score or a perfect job history. It’s because the loan is issued based on your car’s value and not your own credit score.
- Amount Based On Car’s Value
The amount you will be eligible to get from a personal loan with bad credit is purely based on the equity value and condition of your car. Due to this reason, we consider the kilometers, car model and the year the vehicle was made as important factors in getting approved for the loan.
- Short Process And Fast Approval
The application process only includes four steps; from filling up a short application form on our website to getting your documents and car inspected then finally getting the loaned money in your hands. The whole process takes at least 24 hours or less.
- Ample Time To Repay
Once you receive the cash, you will be allowed at least 4 years to pay back the loan. The loan amount can be paid back in monthly payments. The payment schedule is decided depending on your convenience and preferences.
- Your Car Stays With You
During the duration of the personal loan with bad credit, the car title and spare car keys stay with us, yet you are allowed to keep using your car like you used to.