Consumers today are lucky. They have more choices when it comes to loans. Aside from the traditional ones, new kinds of loans have been developed. Low monthly car collateral loans Surrey British Columbia is one example. This loan was introduced in the 90s. It has since gained acceptance and popularity because of its unique features.
What Makes an Auto Title Loan Unique?
- Lenders are local. Conventional lenders, like banks, are large and are known nationally. Most cash for car companies is small businesses owned by locals. They also operate within their city or state. Operating locally gives it several advantages. For one, their underwriters are more open-minded and flexible. They’re willing to give certain sectors (ex. retirees) more leeway when it comes to approval.
- They provide a loan regardless of credit score and history. People with low credit scores or no credit history won’t qualify for a bank loan. This could push them to borrow money from unsavory institutions because of their desperation. Credit scores don’t matter in title loans though because of the collateral. You can still apply even if you have a low score or are just building your credit.
- A loan is known for its low-interest rates. Some lenders give rates of five to six percent. That’s about the same number that banks give to their borrowers.
Trusted Car Loan Expert
Apply today at Premier Loans Canada and get the loan you deserve. You can borrow as much as $45,000 without undergoing credit checks. The company offers low-interest rates and low monthly payments. They also offer flexible payment plans and extended loan terms. Sign up on their website or call their toll-free number at 1-855-965-1650.
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