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Carloans411 Car Loans review

With Carloans411 you can get easy and fast car loan approvals for just about every credit score.

High application approval rate.

Get connected with suitable lenders to finance your next car, van or truck. Check eligibility for this loan through LoanConnect.
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1.90% - 19.99%

Interest Rate


Max. Loan Amount


Min. Credit Score


Product NameCarloans411 Car Loans
Interest Rate1.90% - 19.99%
Loan TermUp to 72 months
Loan SecuritySecured
Serviced Provinces/TerritoriesAB, BC, MB, NB, NL, NS, ON, QC, SK
Turnaround Time1-2 days
Go to site
More Info
  • Think about Carloans411 if you want to get financing from a local car dealership or you’d prefer to pay your loan off early.
  • Pick something else if you’d like to purchase a vehicle from a private owner or you would rather compare quotes manually.

Carloans411 expert review

Carloans411 is an easy-to-use online platform that lets you get financing from a local dealership near you. All you need to do is fill in some basic personal information to get started. From there, Carloans411 will match you with a loan provider that will contact you to discuss your financing options.

Once you’ve been approved, you can use the money you borrow to purchase a vehicle from that dealership’s inventory. After you buy your vehicle, you’ll start to pay your loan back with automatic monthly withdrawals from your bank account.

First, do I qualify for a Carloans411 auto loan?

To be eligible for financing from Carloans411, you’ll be required to demonstrate that you meet the following criteria:

  • You must be the legal driving age in the province you reside in and have a valid driver’s licence for that province.
  • You must be a Canadian citizen or permanent resident.
  • You’ll need to be employed at the same job for at least 3 months, with a minimum of $1,600 per month in income.
  • You’ll have to have a valid bank account where Carloans411 can withdraw payments.
  • You’ll be required to consent to a credit check.

What provinces is Carloans411 available in?

Carloans411 is available in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Ontario, Quebec and Saskatchewan. Its main offices are located in Toronto and Vancouver, but the company operates primarily online. This means you won’t be able to visit a physical branch to discuss your car loan needs.

What makes Carloans411 unique?

Carloans411 is unique because it matches you with a car dealership in your area. It also works behind the scenes to get you the best rates on the market for your loan. This means you’ll pay less interest on the money you borrow without having to negotiate with your lender.

This platform also sets itself apart because it works with dealerships across Canada to find you the best car for your needs. You can also choose to pay your loan off early if you want to make lump-sum payments to get rid of your debt as quickly as possible.

What types of car loans does Carloans411 offer?

Carloans411 offers a couple of different types of loans through its dealerships. The type of loan that makes the most sense for you will depend on your credit score and on whether you want the option to make early payments.

  • Simple interest loan. You’ll have the option to repay your loan early and only pay interest on the outstanding balance.
  • Pre-computed loan. Your loan will be pre-calculated and interest rates will be spread over a set period of time (with no option for early repayment).
  • Secured loan. You’ll have to secure your loan with the vehicle you purchase, which means it can be repossessed if you don’t make your payments.
  • Unsecured loan. Your loan and interest rates will be based on your credit score, and your score will go down if you don’t repay your loan on time.

    What are the benefits of a loan with Carloans411?

    • Fast approvals. You’ll get a call within minutes of filling out an application and you may even get same-day approval for financing.
    • Open-ended loans. You can pay your loan off in lump sums with no penalty for early repayment if you choose a simple interest loan.
    • Free service. You won’t have to pay any hidden fees or charges to apply for financing, and Carloans411 will get you the best rates from its lenders for free.
    • High approval rates. You’re likely to get approved even if you have bad credit or no credit history at all.
    • Long terms. You’ll be able to lock in a term lasting up to seven years to help bring your monthly payments down.
    • No down payment. It’s possible to get a loan without paying any money out of pocket to secure your vehicle.

    What to watch out for

    • Additional fees. You may encounter additional fees and extra costs as you go through the Carloans411 lending process, depending on which lender you go with.
    • High rates for bad credit. You’ll likely pay high rates if you have bad credit, and you may need to secure your loan with the vehicle you purchase.
    • No online quotes. You’ll have to speak to a customer service representative from the dealership over the phone to figure out whether you qualify for financing.

    Compare Carloans411 to other car loans

    Not sure if Carloans411 is right for you? Compare features of other car loan options to find the right fit for you. Once you’ve narrowed down your options, click the green button to get started.

    1 - 8 of 8
    Name Product Loan Amount Interest Rate Loan Term Min. Credit Score Requirements
    CarsFast Car Loans
    $500 - $75,000
    4.90% - 29.90%
    12 - 96 months
    Min. income of $2,000 /month, 3+ months employed
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    Browse thousands of vehicles from dealers across Canada and get matched with financing that meets your needs.
    Loans Canada Car Loans
    $500 - $35,000
    0% - 31.99%
    24 - 120 months
    Min. income of $1,800 /month, 3+ months employed
    Compare rates from 60+ lenders.
    Complete a single application to get quotes from different lenders. Bad credit, CERB and EI borrowers considered. 0% APR for new cars only, used car rates start at 7.99%.
    Coast Capital Car Loan
    $10,000 - No Max.
    18 - 84 months
    Able to service debt payment of $300/month
    Competitive rates and flexible terms.
    Finance new and used vehicles from one of Canada's largest credit unions. No credit union membership required. Available across Canada except SK, QC, NT, NU, YT.
    Clutch Car Loans
    $7,500 - No Max.
    From 3.90%
    12-96 months
    3+ months employed, Max.1 bankruptcy
    Pre-qualify for a loan in under 2 minutes with no impact to your credit score.
    Get approved for financing in under 24 hours for the used car you want. No hidden fees. Get the vehicle delivered to your door.
    Canada Drives Car Loans
    $7,500 - $99,999
    4.75% - 29.99%
    12-84 months
    Min. income of $1,800 /month
    Buy a used car online and get it delivered to your door in under 24 hours.
    Get pre-approved for financing in 3 minutes with no impact to your credit score. No fees or penalties for early loan repayment.
    Carloans411 Car Loans
    $500 - $50,000
    1.90% - 19.99%
    Up to 72 months
    Min. income of $1,600 /month, 3+ months employed
    High application approval rate.
    Get connected with suitable lenders to finance your next car, van or truck. Check eligibility for this loan through LoanConnect.
    Canada Auto Finance
    $500 - $45,000
    4.90% - 29.95%
    3 - 96 months
    Min. income of $1,500 /month, 3+ months employed
    Get financing from partnered local lenders.
    Financing for a new or used car is available for borrowers with bad credit, no credit, CERB, EI or bankruptcy.
    Splash Auto Finance
    $10,000 - $50,000
    9.90% - 29.90%
    24 - 84 months
    Min. income of $2,200 /month, 3+ months employed
    Apply with any credit score.
    Get financing for a new or used car. Auto loans for borrowers with fair credit, bad credit, no credit or bankruptcy.

    Compare up to 4 providers

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    How do I apply for a Carloans411 auto loan?

    To apply for a loan with Carloans411, click the green “Go to site” button above to be securely redirected to begin your online application. Please note that you will be redirected to the LoanConnect website to complete the application to check if you qualify for an offer from CarLoans411. You’ll need to fill out some personal information in the online application. You’ll then get a call from a customer service agent to discuss your options. They will open a file for you and find the best rates on offer for your unique personal and financial situation.

    Once you’re pre-approved, they will pass your information on to a dealer in your area. You’ll then have access to that dealer’s inventory of vehicles. You’ll be able to use the financing you get from Carloans411 to purchase the vehicle of your choice from that inventory.

    I got the Carloans411 loan. Now what?

    You’ll start to repay your loan as soon as you use it to purchase your new vehicle. Your monthly payments will simply get withdrawn from your bank account on the same day each month. Your interest rates and the amount of time you’ll have to pay back your loan should be stipulated in your loan agreement.

    Depending on what type of loan you pick, you could also be eligible to pay your loan back early without penalty. This is a good option if you have extra income coming in and you want to reduce the amount you pay in interest.

    Frequently asked questions about Carloans411

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