There’s a loan for everything these days – for buying a new car or your dream home, to start a business, or go on a dream vacation. But for people who need fast cash, a poor credit car loan Kitchener Ontario is the best option. Here’s why.
4 Reasons Auto Title Loans are the Best
- Higher Loan Amounts: Bad credit loans are based on your car’s equity. If you’re using a relatively new, well-maintained, high-value car as collateral, then you can expect to get more money than what you’ll receive if you just pawn a valuable.
- Maintain Car Use: Unlike pawn loans, you will retain possession of your car with title loans. The lender only needs your car’s title. You can keep using your car to go to work or for your business even while you’re paying off the loan.
- Extendable Loan Periods: Many title lending companies offer rollovers. This feature allows the borrower to roll over and extend the loan if they can’t pay it in full yet. In exchange, they’ll be charged extra for the extension. The existing balance remains as is since the fee is separate from it.
- Low-Interest Rates: Title loans typically have high-interest rates, but you can always find a trustworthy lender that offers low-interest rates. Some companies even work with just 1.5% interest. When you compare that to the 25% pawn shops usually charge, you can clearly see that title loans are the better deal.
Lowest Possible Payment in the Industry
Canadian Equity Loans will make sure you get the financial help you need. This trusted lender lets you borrow as much as $50,000. They also have the lowest interest rates around. You can even pay your loan early without fear of penalties. Log on to their website to apply or call their toll-free number at 1-844-586-6311.
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