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The rise in popularity and acceptance of title loans these past few years have been nothing short of astounding. Millions of people apply for this service every year while thousands of new lending companies now specializing in this loan. There are several reasons why a car pawn loan Saskatoon Saskatchewan has been well received:
Best Reasons to Get an Auto Title Loan
- Minimal Requirements: People love specialized car equity loans because they only need to prepare a few documents. The most important requirements for this loan are good collateral and a clean title. Applicants also need valid IDs, proof of residence, proof of income, and in some cases, proof of car insurance.
- Amazingly Fast Application Process: This is another reason to love title loans. The application form is streamlined and can be accomplished in 30 minutes. You can even choose to just send photos or videos of your car in lieu of getting an inspection. Approval can be secured anywhere from 15 minutes to four hours after applying. The funds will then be released within the day.
- Continued Collateral Use: Borrowers can keep using their car even while the loan is active. The lending company only requires the car’s title, and it will be returned to the owner once the loan has been repaid. This means you can continue to use your car to drive around or for your business.
Faster Than the Competition
There’s a lot of reasons to love Canada Car Cash. This title loan specialist offers more money than other companies. Their interest rates are 70% lower and they have very affordable monthly payments. They also offer extended loan terms and flexible payment plans. You can even secure approval in 15 minutes. Log on to their website to apply or call their toll-free number at 1-844-598-7631.
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