Tag: bad credit loans markham ontario

You’ll receive several different answers to the question of whether bank loans are better than bad credit loans Markham Ontario. Both loans have their own advantages and disadvantages. What you should be focusing on is which one is right for your needs. To know the answer, you must consider the following factors:

Side by Side Comparison of Conventional Loan vs Title Loans

• Methods of Applying: The application process for these two loans are as different as night and day. As the more traditional of the two, bank loans require the borrower to submit their application at the bank’s nearest branch. With title loans, you can either apply online or go to the lender’s office. Bank loans also have more requirements while title loans only require the essentials – your car’s title, valid IDs, and proofs of residence and income.

• Approval Timetable: If you have an emergency and need fast cash, then a title loan is the better option. You can finish the whole application process in an hour. Loan approval can be received in under an hour and the funds can be released within 24 hours. In contrast, bank loans are notorious for their long and convoluted process.

• Amount of Loan: Bank loans are the best choice for major acquisitions, as a new home. Meanwhile, the amount you can borrow from a title loan will depend on your collateral. If you have substantial equity in your car, you can borrow anywhere from $10,000 to $50,000.

Faster Than the Competition

You don’t have to stress over financial emergencies with Canadian Equity Loans. You can borrow as much as $50,000 from this trustworthy lender. The company also offers low-interest rates and early payouts without penalties. Log on to their website to apply. You can also call their toll-free number at 1-844-586-6311.

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Are you struggling to make ends meet just because of some sudden money problem or financial emergency?

Collateral bad credit loans can help out for those in need even if you are unemployed or with bad credit or no credit history. All you need is a fully owned car and a lien free car title to get a loan of this sort.

The borrower always comes first

Collateral car title loans can provide what borrowers need in terms of emergency cash. These loans also provide the best customer service that can be offered aside from its commitments and benefits.

Lowest interest rates

No credit check title loans provide the lowest interest rates when compared to unsecured loans and short term loans. No other loans, not even unsecured loans and short term loans, can provide these low interest number rates.

Borrow up to $50,000

Just bring in your fully owned car and its lien free car title for inspection and appraisal for its true market value. Also prepare your valid driver’s license and proof of permanent residence.

Keep the car

This is not a car pawn so while paying off the loan you can keep your car and continue driving it. Also, no credit checks are needed to approve the loan. Once the loan is approved in one hour, the cash is released on the same day as the approval.

At Canadian Equity Loans, we loan you money based on the value of your fully owned car and not your credit history and score. That means that you have fast access to emergency cash whether you have bad credit or no credit at all. Call Canadian Equity Loans now at their toll-free number 1-844-586-6311 or apply online.