Auto title loans have become popular in the last decade. This secured loan has helped millions of people out of financial problems and emergencies. Qualifying for an easy bad credit loan Ajax Ontario is a piece of cake. The application and approval process is also simple and fast. One key question borrowers face is what type of title loan they will apply for.
What’s the Right Auto Title Loan for Me?
Applicants essentially have two types of car equity loans to choose from – a single payment loan and an installment loan. Both of these loans have a quick approval process and offer the same benefits. When you choose a single-payment loan, you will be returning the whole amount in one go. Contracts for this loan are only for thirty days. It has an APR of around 300 percent.
Meanwhile, an installment type loan lets borrowers make multiple payments. A contract can run anywhere from three to six months. Some lenders even provide for longer terms. Extensions are also given, although there will be penalties. This loan has an average APR of 250 percent.
Trusted Car Loan Expert
Need money fast? Getting the financial assistance you need is easy with Premier Loans Canada. You can borrow as much as $45,000 from this trusted lender. The company is also known for having low-interest rates and affordable monthly payments. They also offer extended loan terms and flexible payment plans. You don’t have to undergo credit or employment checks. Their fast approval process also means you can receive the funds within the day. Log on to their website to apply. You can also call their toll-free number at 1-855-965-1650.
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