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Getting a loan to finance your plans is normal. Some would even say it’s inevitable. What most people find challenging is deciding which loan is better. Which one would benefit them the most but at a reasonable cost. Many people will turn to bank loans. Those with less than perfect credit will choose either car collateral loans Saskatoon Saskatchewan or peer-to-peer loans. Here are several reasons why the former is better than the latter. 

3 Reasons to Choose Auto Title Loans Over P2P Loans

  • Fast Approval: Title loans are known for their simple application process and fast approval. You can even get the funds you need within the day. It’s why they are perfect for emergencies. 
  • Reasonable Interest Rates: The rates for this secured loan is lower than what you have for your credit cards. This means your interest rate costs are more manageable. 
  • Flexibility on Use of Funds: When you apply for a P2P loan, the money is already earmarked for something specific. But there are instances when your reason for getting a loan doesn’t fall in the usual categories. Specialized car equity loans don’t impose any limitations on how or where you can use the money. 

Trusted Car Loan Expert 

No other company can come close to Premier Loans Canada when it comes to service and reliability. We are one of the country’s top lenders. Our interest rates and monthly payments are the lowest around. We also offer extended loan terms and flexible payment plans. You don’t even have to worry about credit or employment checks. You’ll also receive the money you need within the day. Log on to our website to apply. You can also call our toll-free number at 1-855-965-1650.

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