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It’s amazing how many different types of loans are available to consumers today. This has made it easier for people to get the financial assistance they need. One of the most popular loans today is no credit check car loans Mississauga Ontario. Here’s what makes this secured loan unique:
3 Unique Features of Auto Title Loans
- Your credit score doesn’t matter. Conventional loans require borrowers to have a credit score of 700 or better. This means millions of people are disqualified from getting a loan. But a refinance car loan doesn’t require any specific rating. Even people with a poor credit score or no credit history can apply. This is due to the collateral the borrower will put up.
- Lenders are often locally based. Many lenders offering this type of loan are local companies. Because they’re based in the area, there’s less overhead. The underwriters are less strict since they’re dealing with small to medium-sized companies. The lender also has more leeway when it comes to approval and interest rates.
- Interest rates are lower. They’re lower than most credit cards. Lenders can also set lower rates. Some even set them as low as five percent. It’s a rate most banks reserve for clients with good credit scores.
Lowest Interest Rates You Can Find
Apply today at Premier Loans Canada and get the money you need within 24 hours. This trusted lender offers as much as $100,000 in loans. We also have the lowest interest rates and monthly payments around. We also offer extended loan terms and flexible payment plans. You don’t even have to worry about credit checks. Sign up on our website or call our toll-free number at 1-855-965-1650.
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