Loans Canada Launches Free Credit Score Portal And Is Recognized As One Of Canada’s Top Growing Companies
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
Since 2005, BHM Financial Group has been focusing on providing bad credit Canadians with access to financing. They focus on approving consumers based on assets, not their credit scores. Because of this, BHM Financial is able to offer a wide variety of products, including:
BHM Financial specializes in helping Canadians recover from financial mishaps and life setbacks. Whether you’ve lost your job or need extra financing to keep your business going, BHM Financial is ready to step in. Qualify for up to $25,000 with BHM Financial and get on track, regardless of your current financial situation.
BHM Financial’s application process can be summarized in three easy steps.
Filling out the online application form will take at least 10 minutes to complete. However, it can easily take much more time to complete if you have more than one asset and if you do not have the documents necessary to fill out the details. Overall, there are 3 sections of the application that you need to complete.
Any assets you own, whether it’s a car, house or land, can help you qualify for up to $25,000. However, the exact amount you qualify for depends on the value of your asset. A really old car that barely runs won’t get you much of a loan. In general, you can qualify for up to $25,000 if you own any one of these assets:
Pros | Cons |
Car title loans and other asset secured loans will increase your chances of approval. | If you default on your payments you could lose your asset. |
Using an asset can potentially help you negotiate a lower interest rate. | Secured loans like a car title loan carry much higher interest rates. |
A secured loan can help you build credit. | |
BHM Financial accepts people with good, average, or bad credit |
Though a secured loan can help you get a larger loan faster, it also comes with a higher risk. To look at the costs and risks involved let’s take a look at a car title loan. Many low credit individuals opt for this option as approval rates are very high and most people have a car they can provide as collateral.
Example: You take a $3000 dollar car title loan with an annual interest rate of 30% for 3 years. Your lender charges you $500 in fees. So, how much will this $3,000 loan cost you? According to this table, a $3,000 dollar loan can cost you an extra $2,348.9 dollars in fees and interest.
Loan Amount | $3000 |
APR | 30% |
Fees | $500 |
Term | 3 years |
Monthly Payment | $148.58 |
Total Interest Paid | $1,848.90 |
Total Amount Repaid | $5,348.90 |
Loan Range | Rate & Terms | Product Details | Eligibility | Requirements & Documents | |
---|---|---|---|---|---|
Title Loan | $1,000 - $15,000 |
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Smooth short term loan processed very efficiently. Very negotiable about early payout.
I am a happy client. My loan approval was done over the phone and the staffs were very helpful in walking me through the process, step by step. All qu... read more
This company helped me a lot in getting a fast loan with good flexibility in payments. Thanks to this awesome Loan Lender in Canada.
Don’t go for them. These types of financial corporations take advantage of people with all sorts of fees. Even payout fees are 3 monthly payment... read more
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Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
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