Losing your job suddenly is the stuff of nightmares, even if you have an emergency fund. The pandemic has caused millions of people to lose their jobs or work limited hours. It’s a stressful situation and you might feel like it’s the end of the world. It’s not. You can always get a poor credit car loan Sarnia Ontario.
Can I Get a Fast Loan If I’m Unemployed?
Most conventional lenders will automatically reject applications from people who can’t produce a payslip or an employment contract. That’s not the case with a car pawn loan. Lenders specializing in this loan will accept alternative proof of income. If you’re a pensioner, you can submit your pension slips. Freelancers can show payment receipts of jobs accomplished or their bank accounts showing regular payment. What’s important is that you can prove to the lender that you have a source of income and won’t default.
This is possible because an auto title loan is a secured loan. It means the applicant must pledge their car as collateral. The car’s value will determine the loan amount and will act as security for both parties. This is partly why the application process is fast. The lender will either skip the credit check or just do a short scan of it.
Lowest Interest Rates in the Industry
Apply for a loan today at Premier Loans Canada and get the funds in 24 hours. You can borrow as much as $100,000 and not undergo credit checks. The company also has the lowest interest rates and monthly payments. They also offer clients flexible payment plans and extended loan terms. You also keep your car even while the loan is active. Sign up on their website or call their toll-free number at 1-855-965-1650.
For more information visit us on: