It’s easier to borrow money now than a decade ago. People have more choices and technology has made the process quicker and more convenient. This is clearly seen in pawn loans and minimum credit score loans Saskatoon Saskatchewan. These short-term loans are popular among those facing emergencies. However, most borrowers would say it’s more logical to get a title loan. Here’s why:
Top Arguments for an Auto Title Loan
- Fast and Convenient Process: Both pawnshops and lending companies offer simplified and swift processing. Clients simply fill up a form, provide proof of identity and capability to pay, and offer collateral. But getting cash for car is more convenient since you can conduct the whole transaction online.
- Extended Contract Duration: You usually get a month to half a year to retrieve your valuables from the pawnshop. You can ask for an extension, but the time frame is limited. You’ll eventually have to pay up or lose the item. Meanwhile, title loan contracts can run for several years.
- Fair Interest Rates: Pawn shops usually have a 25% fixed interest rate. Title loans have flexible rates depending on the lender’s location. Some states have a cap on interest.
- Continued Vehicle Use: Even though you will pledge your car as collateral, you don’t have to leave it with the lender. The company only requires the title of ownership. Your car will stay with you and you can keep using it even while the loan is active.
Faster Than the Competition
You’ll never regret choosing Premier Loans Canada. You can borrow as much as $45,000. The company has low-interest rates, and they offer affordable monthly payments. Clients can also avail of flexible payment plans. Log on to their website to apply or call their toll-free number at 1-855-965-1650.
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