Need Cash? Choose from These Two Types of Hassle Free Car Loans Red Deer Alberta
Millions of people have heard of or used hassle free car loans Red Deer Alberta. Due to its popularity, people know that it’s easy to qualify and apply for this loan. They also know that you’ll need to present collateral. But what they don’t know is that there are two types of auto title loans.
What are the Different Types of Title Loans?
There are two types of title loans, and they have their similarities and differences. Borrowers can choose between:
One-Time Payment Loans: As the name implies, you will pay for this loan once. You should have a lump sum ready to give to the lending company at the end of the loan term. Many companies only offer 30-day contracts. The APR for this type is around 300 percent.
Installment Type: The more popular of the two options, the installment loans let people make multiple payments during the loan period. Contracts for this fast loan typically run between three months to half a year. You can also request for your loan to be rolled over, but you’ll be penalized for it.
Regardless of the type you choose, you still need collateral, IDs, proof of residency, and proof that you can pay back the loan.
Faster than the Competition
Canadian Equity Loans promises you will get the assistance you need immediately. The company offers lenders as much as $50,000 in loans. They also promise their customers low-interest rates, early payouts without penalties, and premier customer service. You don’t have to worry about undergoing credit or history checks. The company’s easy application and fast approval mean you can receive the cash you need within the hour. You also get to keep your car during the loan duration. Applying is so easy. Just log on to their website or call their toll-free number at 1-844-586-6311.