Collateral car title loans are secured and payday loans are not. Lower interest rates mark this type of loan while payday loan interest rates are much higher compared to even other unsecured loans.
A collateral vehicle title loan offers lower interest rates
Fast cash Moncton New Brunswick allows people to get more money because the collateral is simply the car title that is left with the lender so a lien can be placed on it until the loan is fully repaid. The loan amount is based on the car’s true market value after inspection and appraisal. You can borrow as little as much as $50,000.
Another plus factor for this loan compared to payday loans is that it offers the lowest interest rates in the lending industry. Unsecured bank loans and payday loans are always characterized by high interest rates.
Flexible repayment terms
The most noticeable reason no credit check title loans are better than expensive payday loans is because of their long payment terms. These loans offer a lot of flexibility with longer repayment terms. No credit checks will also be made for the loan approval.
No more red tape and unnecessary requirements
To get approved for a collateral car title loan in just one hour, all you need to bring is your car for inspection and appraisal, your lien free car title, a valid driver’s license, and proof of permanent residence.
At Canadian Equity Loans, we loan you money based on the value of your fully owned car and not your credit history and score. That means that you have fast access to emergency cash whether you have bad credit or no credit at all. Call Canadian Equity Loans now at their toll-free number 1-844-586-6311 or apply online. Call us now toll free at 1-844-598-7631 or apply online.
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