There’s no denying that there are numerous advantages to getting a car pawn loan Greater Sudbury Ontario. One of the most popular benefits of this loan is that anyone can apply. While lenders have different requirements, having your own car and being of age are two conditions that never change.
Can I Get a Title Loan while on Government Benefits?
Yes, you can. Being on a pension or receiving government benefits doesn’t exclude you from this loan. Most title lenders only consider two key factors – your car’s value and your ability to pay the loan.
You are still eligible for a vehicle title loan even when you’re receiving benefits because lenders look at this as an alternative source of income. Retirement pension, social security benefits, and disability funds are all considered as income. As long as you can prove that you have money regularly coming in, you are qualified to get a loan.
But don’t forget that your car equity loan will also depend on the state of your vehicle. If it is a new model with good condition, you can get a good amount. However, don’t expect the lender to give you a substantial loan if your car is more than eight years old and has garnered a high mileage already.
Lowest Possible Payment in the Industry
You’ll always get the help you need with Premier Loans Canada. The company is regarded as one of the most respected lenders in the industry. Borrowers can get as much as $100,000 in loans. They also have low-interest rates and boast of having the lowest monthly payments. You can even choose the payment option that’s best for you. Applying is so easy. Just sign up on their website or call their toll-free number at 1-855-965-1650.
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