Millions of Canadians have benefited from no credit check car loans Mississauga Ontario and the numbers will continue to rise. After all, this secured loan is very useful, especially if you need cash fast. There are other reasons why people love this loan.
Reasons to Love Auto Title Loans
- Easy to Qualify: A lot of title loan companies only require three to four things – a clean title, driver’s license or government-issued ID, proof of residence and proof of income. The latter can be in the form of payslips if you’re working. If not, a copy of your bank statement or pension or disability slips are also fine.
- Quick Approvals: Car equity companies are known for their simple application and quick approval process. Verifying is usually fast because lenders don’t need to check credit scores or credit history. The release of funds is also done quickly, with some lenders depositing the money in under an hour.
- Car Stays with Owner: Car collateral loans require the owner to surrender their car’s title to the lending company as a form of insurance. The title will be returned once the loan has been repaid. Meanwhile, the car itself will remain with the owner even when the loan is still active. This is a big advantage since the owner can still use their car to go to work or school or for their business.
Lowest Interest Rates in the Industry
Canadian Equity Loans is dedicated to providing financial assistance to those who need it. The company can lend you as much as $50,000. They also offer low-interest rates and very affordable monthly payments. Their fast approval process ensures that you get the cash you need within the day. Log on to their website to apply or call their toll-free number at 1-844-586-6311.
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