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Millions have used challenged credit auto loans Okotoks Alberta since it was rolled out in 1990. People often turn to this secured loan when they have an emergency or need additional funds for an unexpected expense. One question consumers often ask is why some choose a title loan over a bank loan. We’ll try to shed light on the issue. 

Why People Love Auto Title Loans 

  • You get the money you need in a few hours. It’s why this loan has been so popular. It has fewer requirements and a streamlined application process. And since there’s collateral that will cover the loan, lending companies forego credit checks. You can get approved in less than an hour and the funds will be released a short while later. 
  • Everyone can apply for this loan. Car collateral loans have fewer requirements than bank loans. The borrower’s credit scores and credit history are not crucial factors to approval. Your collateral’s value is more important.   
  • Interest rates are lower than credit cards. Many title loan specialists are online, so they have lower overheads. This gives them leeway to offer reduced rates. 

Lowest Interest Rates You Can Find 

Need some fast cash? Canadian Equity Loans can provide you with what you need. One of the most respected companies in the country, we can offer as much as $50,000. We also have low-interest rates, affordable monthly payments, and flexible payment options. You can also opt for early payouts with zero penalties. Our fast approval process means you can get the money you need within the day. Log on to our website to apply or call our toll-free number at 1-844-586-6311.

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