While most people think that there is no point in even trying to get a personal loan for more than $5000, Loans Canada specializes in finding the right private lender who is willing to loan you the money you need. Making the decision between a bank loan or a private loan and a secured loan or an unsecured loan can be overwhelming. Loans Canada has many loan specialists who are here to help you make those tough financial decisions.
Why should you choose a private lender?
If you’ve previously been rejected by banks for a loan that’s more than $5000 then choosing a private lender might be the solution to your financial problems. Because private lenders are not restricted by the same rules that banks are you will be able to get a loan quicker and with less red tape and paper work. Loans Canada has many private lenders who are able to lend you more than $5000 to help you with your personal financial needs.
Secured vs. Unsecured
Unsecured loans greater than $5000 are typically more difficult to obtain than those for amounts less than $5000. If you only need a loan for $300 then an unsecured loan is definitely your best bet. But if you’re in the market for a loan greater than $5000 you should consider a secured private loan from Loans Canada. A secured loan will allow you to get the exact amount of money that you need. While you might not want to take that extra step towards applying for a secured loan because you think it might be more difficult or take longer, we guarantee that the outcome is definitely worth it in the end. Having piece of mind that you’ll be able to pay off your debts in full because your secured loan application from Loans Canada was approved is priceless.
Not all large loans need to be secured however. Our lenders analyze applications on a case by case basis and they look at your entire financial profile before making a decision. Want to know what type of loan best fits your situation? Speak to a Loans Canada representative today!
Start the application process now by getting in contact with one of our loans specialists. Become one step closer to the loan you need today.