An auto title loan demands that the borrower puts up collateral to cover the loan. This loan has become very popular these past few years due to three key reasons – the minimal requirements, credit ratings are not a factor, and you can get approved quickly. There are also two ways to pay back a refinance car loan Surrey British Columbia.
What Are Your Options When Paying a Title Loan?
Consumers can secure loans amounting to $1,000 or higher. The typical loan duration is 15 to 30 days. However, you can extend this to several months to two years or more. You can choose between two payment options for your title loan – a one-time payment or installment.
Borrowers who opt for solo payment must pay back the car pawn loan after one month. A one-time payment means you’ll be free from the loan quickly and won’t be burdened by monthly payments. But finding enough cash to repay the lender can be difficult. Make sure you only select this mode of payment if you’re sure that you can secure the funds. Meanwhile, an installment plan lets you set an extended loan duration. It can be anywhere from six months to two years or more. You can even push it further by requesting an extension.
Lowest Interest Rates You Can Find
Do you need extra cash? Premier Loans Canada can provide you with the funds you need. You can borrow as much as $100,000 from this trusted lender. The company also boasts of having the lowest interest rates around. They also offer affordable monthly payments and flexible payment plans. Their fast application and approval process means you can receive the money within the same day. Log on to their website to apply or call their toll-free number at 1-855-965-1650.
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