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.
- 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