The virus-induced lockdown caught many people unprepared financially. Most assumed the lockdown would last two weeks at most, not the two-month shuttering of shops and offices. Aside from the stress of trying to stay healthy, millions are also struggling with making ends meet. Fortunately, lending companies are still offering title loans. If you’re in two minds about getting a fast loan North York Ontario, consider the following reasons:
3 Reasons Title Loans Can Help with the Crisis
- You can get the money immediately. This is the best reason to get cash using your vehicle. Unlike bank loans, the application and approval process of title loans is simple and fast. You can fill-up the form and send the requirements in less than an hour. Approval can be secured after one hour and the funds can be released after four hours.
- Loan durations have been extended. These are typically short-term loans. However, you can choose longer contracts. Some lenders even offer years-long terms. You also have the option to rollover your loan if you can’t meet payments. However, your interest rates will go up and you have to pay a penalty.
- Your car remains with you. While you’ll have to pledge your car as collateral for this loan, it will stay with you. The lending company only needs to hold on to the vehicle’s title of ownership. You can keep using your car even while the loan is active.
The Best in the Industry
No other company is as reliable as Premier Loans Canada. This trusted lender can offer you as much as $100,000 in loans. They also have the lowest interest rates around and offer flexible payment plans. You don’t even have to undergo credit checks. Log on to their website to apply. You can also call their toll-free number at 1-855-965-1650.
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