With the unending global crisis, being in a financial crunch is not something new. No matter how well you have managed your finances and how diligent you were in adding cash to your savings account, there are just moments in your life wherein you will be in dire need of quick cash. It is during such times that you can turn to car title loans.
Use Your Car For Cash
Car title loans are the most popular financial solutions as of this time. Because of the lesser risk attached to such type of loan, a lot of people have put their trust more in such type of financing. Unlike bank loans, credit unions and payday loans, the interest rates of car title loans in Kitchener are much more competitive.
With car title loans, you won’t have to show to lenders you current financial credit standing. The only possession required from you is your car. If you can show your lenders that you have a car in good condition and with a clean title under your name, you can have a cash loan approved easily. Loan companies will use your car as collateral for your loan. What is even much better is that you get to use your car while you get your cash loan.
How Much Can You Borrow?
The amount that the loan company can lend you will depend solely on the value of your car. The higher the purchase price of your car is, the more cash you can loan. In Instant Loans Canada, you can borrow as much as $25,000 on your car. The best part is you won’t have to pay this loan anytime sooner. Instant Loans Canada offers loan terms as long as one year to two years. That means lending money through a Kitchener car title loan won’t add you more stress. You can just relax knowing that you’ve got so much time.
Are The Monthly Payments High?
You might be bothered about how much you would have to pay monthly for Kitchener car title loans knowing that you get to keep your car with you yet be able to borrow a big amount of cash. Great news is that that monthly installment fees are not so high. In fact, they are easy to comply with. Instant Loans Canada offer you a monthly due as low as 97$/month. Isn’t that good enough?
If you are in dire need of cash but you’ve got nowhere else to run to, then go for car title loans and submit your car as a collateral for the cash that you need.
Also Read : https://instantloanscanada.com/can-i-borrow-money-using-my-car-as-collateral/