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5 car title loans in BC

Compare auto title loans in British Columbia.

Car title loans in BC let you borrow money using your vehicle as collateral. Loans of up to $50,000 are available, bad credit is OK, and it’s possible to get your loan within hours. But you’ll need to watch out for high rates, and your car could be repossessed if you fail to repay the loan.

Keep reading for the lowdown on five car title loans in BC, plus tips on how to find the loan that’s right for you.

Car title loans in BC

1. Get Loan Approved

getloanapproved.com Vehicle Title Loan
Finder Score:
★★★★★
Read review

$1,000 – $50,000

Loan Amount

9.95% – 29%

APR

12 - 72 months

Term

Get Loan Approved offers car title loans of up to $50,000. There are no credit checks needed to apply, and you can get approved and funded within 24 hours. When you need to get your vehicle inspected, Get Loan Approved has 25 locations across Canada, including 8 in BC.

Eligibility requirements

  • 18 years or older
  • Vehicle must be less than 10 years old
  • Must have clear title to your vehicle
  • Must have collision and comprehensive insurance on your vehicle
  • Vehicle must be registered and insured in your name

How to apply

  1. Visit the Get Loan Approved website and fill out the online form with your vehicle's year, make, model and mileage as well as your personal and contact details.
  2. You'll be given a loan quote based on the value of your vehicle.
  3. Get your vehicle appraised. This can be done at a Get Loan Approved location or at your home with a mobile agent.
Loan amount $1,000 – $50,000
APR 9.95% – 29%
Term 12 - 72 months
Turnaround time In as little as one hour
Serviced provinces AB, BC, MB, NB, NL, NS, ON, PEI, SK

2. Loans Canada

Loans Canada Vehicle Title Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
Go to site Read review

$500 – $35,000

Loan Amount

6.99% – 29.99%

APR

4 - 96 months

Term

Loans Canada is an online loan search platform that provides access to the largest network of lenders in Canada. If you're searching for car title loans in BC, you can fill out a single application to compare loans from a range of lenders. Bad credit is accepted, you can borrow up to 50% of your vehicle's value from some lenders, and same-day funding is available if you need money urgently.

Eligibility requirements

  • 19 years or older
  • Must have clear title to your vehicle
  • Must have valid auto insurance
  • Other requirements vary depending on the lender

How to apply

  1. Visit the Loans Canada website and fill out a form with information about your credit score, income and vehicle, plus your contact details.
  2. Compare loan offers from a range of lenders.
  3. Complete the application process with the lender of your choice.
Loan amount $500 – $35,000
APR 6.99% – 29.99%
Term 4 - 96 months
Min. credit score 300
Fees Varies by lender
Turnaround time Varies
Serviced provinces All of Canada

3. LoanConnect

LoanConnect Vehicle Title Loan
Finder Score:
★★★★★
Customer Survey:
★★★★★
Go to site Read review

$100 – $50,000

Loan Amount

8.99% – 46.96%

APR

3 - 120 months

Term

LoanConnect is an online loan search platform based in London. It offers access to loans from a network of more than 30 lenders, and you can fill out a single application to compare multiple offers. You can borrow up to $50,000 through LoanConnect's lending partners, while LoanConnect doesn't charge any brokerage fees.

Eligibility requirements

  • 18 years or older
  • Must have clear title to your vehicle
  • Must have valid auto insurance
  • Other requirements vary depending on the lender

How to apply

  1. Visit the LoanConnect website and fill out the online application form with your personal information, income and employment details, and desired loan amount.
  2. Compare offers from lenders.
  3. Complete the application process with the lender you choose.
Loan amount $100 – $50,000
APR 8.99% – 46.96%
Term 3 - 120 months
Min. credit score 300
Fees No application, origination or brokerage fees
Turnaround time Receive funds within as little as 24 hours.
Serviced provinces All provinces

4. Pit Stop Loans

Pit Stop Loans Personal Loans
Not yet rated

$1,000 – $25,000

Loan Amount

N/A

APR

N/A

Term

Pit Stop Loans offers car title loans of between $1,000 and $25,000. Terms of up to 5 years are available, and bad credit won't stop you from getting a loan. It's easy to apply online and you can get your cash the same day.

Eligibility requirements

  • 19 years or older
  • Vehicle must be no more than 8 years old
  • Must have clear title to your vehicle
  • Must have both collision and comprehensive insurance on your vehicle
  • Vehicle must be registered and insured in your name

How to apply

  1. Head to the Pit Stop Loans website and fill out an online application form with your vehicle details and contact information.
  2. Pit Stop Loans will contact you to discuss your borrowing needs.
  3. Get your vehicle appraised by the lender and provide your driver's licence, registration, insurance, proof of residency and a second set of keys to your vehicle.
Loan amount $1,000 – $25,000
APR N/A
Term N/A

5. uLoan

uLoan Personal Loans
Not yet rated

$5,000 – $50,000

Loan Amount

N/A

APR

N/A

Term

uLoan is a Kelowna-based lender that offers collateral loans starting from $5,000. To qualify for your desired loan amount, your vehicle will need to be worth three times the loan amount you request. You can start the application process by filling out an online application.

Eligibility requirements

  • 18 years or older (19 in BC)
  • Must have clear title to your vehicle
  • Vehicle must be 7 years old or newer

How to apply

  1. Head to the uLoan website and select a personal collateral loan.
  2. Enter your name, where you live, your vehicle details and your contact information.
  3. uLoan will contact you to discuss your borrowing needs.
Loan amount $5,000 – $50,000
APR N/A
Term N/A

How do car title loans work in BC?

Car title loans in BC have the following features:

  • Secured. Your vehicle is used as collateral for the loan. So if you don’t repay what you borrow, your car could be repossessed. Learn more about secured loans.
  • Vehicle inspection. Many lenders will need to inspect your vehicle in person before approving your loan. However, some online lenders will instead require you to upload photos of your vehicle, its odometer and its VIN.
  • Loan amount. Lenders typically let you borrow between 25% and 50% of the value of your vehicle. Many lenders also impose a maximum loan limit, such as $25,000 or $50,000.
  • Loan term. Many lenders offer loan terms ranging from 3 - 60 months, but longer terms are sometimes available.
  • APR. APR ranges vary between lenders and based on factors such as your income. However, car title loans tend to have higher APRs than other secured loans.
  • Bad credit is OK. Because you provide your vehicle as collateral, bad credit won’t stop you getting a loan. Many lenders also don’t require you to complete a credit check.

What types of vehicles can I use as collateral?

You can use a car, truck, minivan or SUV as collateral for a car title loan. Some lenders will also accept other vehicles such as motorcycles, RVs and even boats, so it’s worth shopping around to see what’s available.

Each lender will also have their own list of requirements about the types of vehicles they accept. These include:

  • Age. Most lenders will only accept vehicles that are no more than 7-10 years old. However, they may make exceptions to this rule for luxury vehicles.
  • Mileage. Your vehicle must not have exceeded the lender’s mileage limit, such as 150,000 or 200,000km.
  • Insurance. You will need to have collision and comprehensive insurance on the vehicle in your name.
  • Clear title. You must not owe any money on your vehicle — the lender will conduct a title search to check whether there are any liens on your vehicle before approving your loan.

You should be able to find a list of any vehicle eligibility requirements on the lender’s website.

Drawbacks of car title loans

Make sure you’re aware of the disadvantages of car title loans before deciding if this is the right type of loan for you.

Fees

Check the APR to get a better idea of the true cost of a loan. Fees you may have to pay include:

  • Vehicle inspection fee to have your car appraised by the lender
  • Title search fee to check if there are any liens on your car
  • Vehicle history report fee to check if your car has been stolen or previously involved in an accident
  • A loan origination fee

High rates

Car title loans usually come with higher interest rates than other secured loans. Make sure you know exactly how much your loan will cost before deciding if it’s right for you.

You could lose your car

If you fail to repay your loan, the lender could repossess your vehicle.

Sketchy lenders

Do your due diligence to make sure you only ever deal with legit lenders, and keep an eye out for any warning signs that could indicate a personal loan scam

How to get a car title loan fast with bad credit

If your credit history is less than perfect, you can still qualify for a car title loan. In fact, many car title loan lenders don’t carry out credit checks. They will instead consider the value of your vehicle and whether you have sufficient income to afford loan repayments.

And if you need a loan fast, there are a few simple things you can do to maximize your chances of quick approval.

  • Check the turnaround time. It’s possible to get funded within hours with some lenders.
  • Check the eligibility requirements. Visit the lender’s website to make sure you meet all the loan eligibility requirements and that they will accept your vehicle as collateral.
  • Prepare your documents. Check what documents you’ll need to provide during the application process and prepare all your paperwork in advance.
  • Apply online. Fill out an online application form to get started.

Frequently asked questions

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