It has been said time and again how easy it is to qualify for a title loan. The requirements are fewer and the application process is streamlined and fast. While your credit score isn’t a big factor with this secured loan, your ability to pay is. But what if you are living on a fixed income. Is it enough to get a special financing auto loan Ponoka Alberta?
Can You Get Approved on a Fixed Income?
Yes, you can. A fixed income is money you get from an investment that’s set at a specific number. Your pension is a good example of this kind of income. While it’s not as dynamic as profits from a business or your salary, you can still secure a loan with it. After all, it is still income. You can get pre-approved for a particular amount as long as you can provide proof of income (ex. pension or disability slips).
You won’t get a substantial loan from a fixed income though. Expect the amount to be lower than what someone with a waged income will get. You would also have to show the lender proof that you have a set income. Your income will have an impact on the contract’s terms. Lastly, fixed income auto finance loans are not available in a lot of regions. You have to specifically inquire about it.
Lowest Interest Rates You Can Find
If your pension is not enough to get all your bills paid, then Canadian Equity Loans can be of service to you. The company provides loans of up to $50,000. They also offer low-interest rates, affordable monthly payments, and early payouts without any penalties. You don’t even have to worry about credit checks. Log on to their website to apply. You can also call their toll-free number at 1-844-586-6311.
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