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December 5, 2019People love car collateral loans West Vancouver British Columbia. This loan has seen a surprising rise in popularity over the last few years. It is also credited with helping millions of people face emergencies and survive financial hardships. Here are the top reasons behind Canadians’ regard for this loan:
Why People Love Auto Title Loans
- High Approval Rates: Anyone with a car of their own can apply for this loan. The borrower’s credit score doesn’t matter. The lending company places more importance on the value of the vehicle.
- Easy to Meet Terms: Title loans don’t saddle the applicants with a high monthly payment. They offer installment terms that range from as short as six months to four years or more. This allows the borrower to manage payments in a way that’s convenient for them.
- Vehicle Remains with Owner: The lending company will only hold on to the car’s title of ownership. The car will remain with the owner and can be used normally.
- Payments Don’t Balloon: You don’t have to worry about your payments ballooning out of control. Legitimate lenders won’t surprise you by forcing you to pay a large amount at the end of the contract period.
- Early Payments Without Penalties: If you receive an unexpected windfall or find yourself with extra funds, you can opt to pay your refinance car loan early. A good lending company won’t charge any penalties for this. You can make the payments that will benefit you the most without worrying about fines.
Lowest Interest Rates in the Industry
Canadian Equity Loans is the one to call if you need a fast loan. You can borrow as much as $50,000, with no credit checks or job checks involved. They also offer low-interest rates and early payouts without penalties. Log on to their website to apply or call their toll-free number at 1-844-586-6311.
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