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1.90% - 19.99%
Interest Rate
$50,000
Max. Loan Amount
300
Min. Credit Score
Product Name | Carloans411 Car Loans |
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Interest Rate | 1.90% - 19.99% |
Loan Term | Up to 72 months |
Loan Security | Secured |
Serviced Provinces/Territories | AB, BC, MB, NB, NL, NS, ON, QC, SK |
Turnaround Time | 1-2 days |
Go to site More Info |
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.
To be eligible for financing from Carloans411, you’ll be required to demonstrate that you meet the following criteria:
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.
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.
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.
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.
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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.
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.