Unsecured loans and short term loans can never be compared against secured loans
Secured collateral vehicle title loans attract lower interest rates than unsecured bank loans or short term loans due to the added security of the collateral. Borrower’s credit rating may affect unsecured bank loans and short term loans but these same credit ratings have no bearing on collateral auto title loans since the loan is already secured with collateral.
Main benefits of collateral car title loans
Collateral car title loans have the lowest interest rates in the lending industry. Much lower interest rate can be offered against anything the closest competitor can offer as well. Payments can be as low as $99 per month. Loan repayment terms are the longest up to 4 years. The borrower can continue using the car while repaying the loan because the lender temporarily holds on to the car title and places a lien on it until the loan is fully repaid.
All that is needed to apply:
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