We will all experience an emergency at some point in our lives. If you’re lucky, you have enough savings or cash in hand to deal with it. Fortunately for those who need a little financial help, they can get some extra cash with a special financing auto loan Victoria British Columbia.
Where to Get a Title Loan
Large banks and other traditional lending institutions do not offer vehicle title loans. However, several small or community banks do. The amount you can borrow will depend on the value of your collateral. Some banks would also take into account your credit score and credit history. But as a title loan is considered a secured loan, the borrower’s credit standing isn’t really an issue.
Some federal credit unions might offer this type of loan as well. They would likely consider 18% as the maximum yearly percentage rate that can be charged to this type of loan. However, borrowers should expect some additional application fees.
There are also thousands of car equity lenders that you can find online. You can easily qualify for a title loan, especially if you have substantial equity on your vehicle. These online lenders typically offer a 36% maximum APR, with repayment terms lasting for two to five years. Bear in mind that regulators often state that 36% is considered the upper limit of a title loan.
Lowest Interest Rates You Can Find
No need to look further; Canadian Equity Loans has everything you need in a lending company. They offer up to $50,000 in loans, low-interest rates, affordable monthly payments, and flexible payment schemes. The company’s swift approval process means you can get your loan in a matter of hours. Log on to their website to apply or call their toll-free number at 1-844-586-6311.
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