Vehicle equity / cash loan
Cash from your car. Keep the keys.
If you own a vehicle with equity, you may be able to borrow against it — for debt consolidation, emergencies or a fresh financial start.
How it works
Three steps to cash
- 01
Tell us about your vehicle
Year, make, model, kilometres and what you still owe — it takes a couple of minutes.
- 02
We estimate your equity
Equity is your vehicle's value minus any balance owing. That's what you may be able to borrow against.
- 03
Get your cash
Once approved and paperwork is signed, funds are sent to you — and your vehicle stays in your driveway.
What it's for
Put your equity to work
- Consolidate high-interest debt
- Cover an emergency or repair
- Catch up on bills
- Home or family expenses
- Fund a business need
- Build your credit with on-time payments
Have this ready
- Valid driver's licence
- Vehicle registration in your name
- Proof of insurance
- Recent proof of income
- Details of any amount still owing
All loans subject to approval. Terms vary by lender, vehicle and credit.
Questions
Equity loan FAQ
Do I get to keep driving my vehicle?+
Yes. Your vehicle is used as security for the loan, but you keep it and keep driving it as long as payments are made as agreed.
Does my vehicle need to be paid off?+
Not always. If you owe less than your vehicle is worth, you may still have equity available. We'll look at your numbers with you.
How much can I borrow?+
It depends on the value and condition of your vehicle, any amount owing, and your income. Your specialist will walk you through your options.
What kinds of vehicles qualify?+
Cars, SUVs, trucks and vans are all considered. Generally the vehicle should be insured, registered in your name, and in good working condition.
See how much your vehicle could unlock
Apply online in about 10 minutes, or call us and a PhilCan Auto specialist will walk you through it.