Car Title Loan

Do you have bad credit? Do you need a loan but are unsure where to begin? Then consider a car loan in Alberta. 

At Cash Loans Alberta, we understand everyone goes through hard times. That’s why we offer a quick and easy car title loan in Edmonton, Alberta to help you get back on your feet. So stop letting financial struggles control your life; consider a car title loan from Cash Loans Alberta. A car title loan allows you to borrow funds (even if you have poor credit) if you own a car; you use your vehicle as collateral until you repay the loan. And the best part? You can continue using your vehicle even after you accept the loan!

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Why Cash Loans Alberta?

At Cash Loans Alberta, we are sympathetic to your circumstances. And this empathy is the reason why we provide the advantages that other lenders dismiss!

  • We Say APPROVED! When Other Lenders Say NO!
  • Lowest Interest Rates: 9% – 28.5% APR.
  • Proud To Offer The Auto Equity Loan!
  • We Offer Short And Long Term Loans.
  • Flexible Payment Options.
  • Low Monthly Payment Rates.
  • Loan Repayment terms: 90 Days – 60 Months
  • FlexTerm Loans – Pay off your loan at any time without penalty!

Example Loan: $1000 borrowed for 12 months. Interest $158.77. APR 28.5%.

Total Amount Payable: $1158.77

Car Title Loans Alberta

How it Works

You must adhere to our simple loan process to receive your loan.
Follow the steps below to see how the process works.

1. Fill Out the Online Application

To start the process, complete the online application. Then, send it in upon completion and wait for our response. A few preliminary requirements include:

  • Verification of Address
  • Your name on insurance & registration
  • Proof of vehicle ownership and positive vehicle equity
  • Collision & comprehensive insurance

2. Receive a Quote

One of our specialists will contact you shortly afterward to discuss your loan and associated rates.

3. Instant Approval

If you’ve met our preliminary requirements (see step one), you will get instant approval for your car title loan.

4. Drive Off With Cash In Hand

Once your application is approved, Cash Loans Alberta provides the cash the same day; generally within a few hours. You take the funds and drive off with your car and cash in your possession.

Frequently Asked Questions

A car title loan is a loan type that uses a form of collateral as a guarantee. For example, you may use your vehicle (car, van, motorbike, etc). But the lender takes possession of your vehicle’s title for the loan period. However, you remain the registered owner, so your car remains in your possession.

It depends on a number of factors. Some of these variables include the following:

  1. The lender you’re applying to for the loan
  2. Your capacity to repay the loan
  3. The state and value of your car

It’s recommended you only borrow the minimum amount of money you require.

Simply fill out the online application to apply for a car title loan. The process is relatively straightforward:

  1. Fill out the application
  2. Receive a quote from one of our specialists
  3. Get approved
  4. Drive off with cash in hand

Numerous documents will be required. However, here are the standard details you must have from the onset of the approval process:

  • Identification
  • Vehicle pictures
  • Car title
  • Verification of your capacity to reimburse the loan
  • References
  • Email, address, employment details, etc
  • Proof of residence

There are a few requirements. However, many of these can be used interchangeably. If you can’t provide one, you can most likely provide another for a car title loan. Some of these requirements include the following:

  1. Bank statements
  2. Disability payments
  3. Proof of income
  4. Social security payments
  5. Other benefits you are entitled to

 If you can’t repay your car title loan, the lender will report the offence. If it’s a first-time missed payment, you may be granted a grace period; as long as you communicate with your lender. But if you miss enough payments, the agency can resort to lawful action and legally seize any assets you are entitled to.

A car title loan is not the only option for your financial troubles. Before choosing a title loan, you may want to consider some alternatives, such as:

  1. Ask friends and family
  2. Get a second job or side gig
  3. Work longer hours at your current job