Auto title loans have gone mainstream in the last few years. People are more aware of what minimum credit score loans Burlington Ontario can do. There is also more information about them. Aside from details about how to qualify and apply for this loan, most borrowers often ask about the types of online title loans available to them.
Types of Title Loans You Can Get
The auto finance loans are available to borrowers depending on the type of payment they prefer. You can choose from single payment loans or installment loans. As the name implies, single payment loans require the borrower to pay back the loan in full in one payment. Terms for this particular type of loan is just for thirty days while its APR could fall around 300 percent.
Meanwhile, installment type title loans allow the borrower to make several payments depending on the contract. Terms typically last anywhere between three to six months. You can always request an extension if you can’t meet the deadline. However, you will have to pay a penalty and expect your interest rate to go up. Your APR for this kind of loan will be around 250 percent. These loans are open to all types of collateral. While cars are the most commonly used, you can also utilize SUVs, RVs, trucks, and motorcycles.
Trusted Car Loan Expert
If you’re facing a financial crisis, Premier Loans Canada can help you. The company can offer as much as $45,000 in loans. They have the lowest interest rates around and they offer affordable monthly payments. They also offer flexible payment plans to their clients. You can get the cash you need on the same day and retain the use of your vehicle. Sign up at their website or call their toll-free number at 1-855-965-1650.
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