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Thousands of Canadians have found financial assistance in challenged credit auto loans Nanaimo British Columbia. This type of secured loan can be considered as the best option if you find yourself in an emergency and need money fast. Applying for this loan is easy and approval is fast. There are other important things you should know about title loans.

Key Details to Remember about Title Loans

  • These loans have a limited or fixed value. The majority of title lenders are constrained to offering about 25% to 50% of the vehicle’s whole value. The amount you can borrow will also depend on the lender’s evaluation of the collateral.
  • They are short-term loans. Most lending companies typically offer a one-month contract. You will have a very short window to pay off your quick car loan. Fortunately, you also have the option to ask for an extension. But you will be paying a penalty on top of the existing loan and interest.
  • Interest rates can vary. Lending companies will have different rates because of state laws. Some regions put a cap on interest rates while others are more open. You can expect a 30% interest rate if you live in a state that doesn’t have a cap.

Lowest Possible Payments in the Industry

Do you need cash fast? Premier Loans Canada can help. The company is dedicated to helping consumers in times of emergencies. Borrowers can get as much as $45,000 in loans, without having to worry about credit or employment checks. They also offer low-interest rates, affordable monthly payments, and personalized payment plans. Applying for a title loan is easy. You can sign up on the company’s website and apply in the comfort of your own home. You can also call their toll-free number at 1-855-965-1650.

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