Equity Loans Oshawa Ontario Loans You Money Based on Your Car’s Equity

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Equity loans provide you with easy access to funds

Have you ever tried applying for a traditional bank loan? If you have, then you know that it’s not a viable option for acquiring funds on short notice. Bank loans can take anywhere from a few days to a week before your loan is approved. In the case that your application for a bank loan is actually denied, all that waiting will have just been a waste of your time and energy. If you need funding, and fast, you need to look into alternatives to traditional bank loans.

What are the alternatives to traditional bank loans?

There are actually many different alternatives to traditional bank loans. One popular alternative enables you to use your car as collateral for a loan application while completely disregarding your credit history and credit score. These types of loans are known as car title loans. All you need to apply for a car title loan are a fully owned car with a lien free title, a valid driver’s license, and proof of permanent residence.

How do car title loans work?

Car title loans fall under the category of equity loans. This means that the equity of your vehicle will determine your maximum loanable amount. You can loan up to a maximum of $45,000.00 depending only on your car’s true market value which will be determined based on factors such as its year, make, model, mileage, and engine condition.

Premier Loans Canada is the most respected company in Canada. That’s why we’re able to guarantee you fair appraisals for your vehicle, low interest rates, and long loan terms. Our goal is to make life easier for you. Become one of our many satisfied customers today! Call us now at our toll-free number 1(855) 965-1650 or apply online.