A car title loan is an amount of money lent out based on the value of a vehicle which in turn is used as collateral This type of loan can offer up to $10,000 dollars emergency cash and should serve as a short -term solution for emergency financial situations.

 

What is a secured loan?

A loan in which the borrower offers some type of asset (car or property) as collateral for the loan.

 

What is collateral?

Something pledged as security for repayment of a loan, to be forfeited in the event of a default.

 

How can this help me?

A title loan can help get you get caught up on unpaid bills, car repairs, cover vacation costs and more.

Requirements

  • 21 years or older
  • A valid checking account
  • Vehicle ownership, paid in full, not leased
  • A 2009 or newer model
  • Less than 200km of mileage
  • Vehicle must be fully insured

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