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Car collateral loans Toronto Ontario have grown in prestige and acceptance in the past decade. Millions of people have used this secured loan to handle emergencies and minor financial crises. Consumers love title loans for other reasons as well. Here are some of them:
Reasons to Love Auto Title Loan
- The application process is fast and simple. You can fill up a form in minutes and either send it online or submit it at the lender’s physical office. Borrowers also have the option of having a physical car inspection or doing it virtually.
- You can get approved in minutes. This is arguably one of the best things about a car equity loan. Borrowers can get approved in less than an hour. They will also release the funds on the same day the application was filed.
- There’s minimal employment or credit check. You can’t apply for a traditional loan if you have a poor credit score. That doesn’t matter with title loans. The collateral covers the loan, so your credit rating and credit history isn’t the main consideration for approval. Your car’s value is.
- You get to keep your car. Unlike in pawnshops where you have to leave your valuables, your car stays with you. The lender only requires that you hand over the car’s title while the loan is active. Once it’s repaid, you get the document back.
Faster Than the Competition
Premier Loans Canada is your best choice if you need a fast loan. You can borrow as much as $100,000 from this trusted lender. They have low-interest rates and affordable monthly payments. They also offer flexible payment plans. You don’t even have to undergo credit checks. Sign up on their website or call their toll-free number at 1-855-965-1650.
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