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The Loan Arranger review

Need a fast loan to get back on the road? Get approved for good or bad credit financing with this Ontario dealer.

The Loan Arranger is a used car dealer that offers in-house or standalone financing for good or bad credit. It operates showrooms in various locations in Ontario, or you can apply for financing to purchase a vehicle with an external dealer or private seller. The main downside is that the inventory is fairly limited and interest rates can be high with bad credit.

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Please note: All information about The Loan Arranger has been collected independently by Finder and this product is not available through this site.

30-second take

  • Consider this car dealer if you live in Ontario and can’t get a car loan elsewhere due to bad credit.
  • Choose something else if you want to compare cars from multiple dealerships or you’d rather not pay high rates.
  • If you have bad credit or no credit, be prepared for steep interest rates up to 29.9%.

What is The Loan Arranger?

The Loan Arranger is a car dealer and loan provider that offers in-person sales and financing services across Ontario.

  • Car dealer. The Loan Arranger operates showrooms in Toronto, Etobicoke, Oshawa, Barrie and Cambridge. It has around 220 vehicles in its online inventory at the time of writing, though this number fluctuates regularly based on supply and demand.
  • Financing. Apply for vehicle financing with interest rates between 0% and 29.9%. Use this financing to purchase a vehicle from The Loan Arranger‘s inventory or from an external dealership or private seller. People with good and bad credit can apply.

Is The Loan Arranger legit?

The Loan Arranger is a legitimate corporation registered to operate in Ontario. It currently has 274 reviews on Google and is well-known for offering decent customer service. The company isn’t accredited by the Better Business Bureau, but it has good ratings on review sites such as and

    What we like about The Loan Arranger

    The Loan Arranger provides the following benefits through its sales and financing services:

    • Bad credit financing. Apply for bad credit financing even if you’re in bankruptcy or dealing with a consumer proposal.
    • Loans for every financial situation. Get financing if you’re self-employed, on disability or you have a fixed income (as long as you meet minimum income requirements).
    • Trade-ins available. It’s possible to get an appraisal to trade in your vehicle for another car from The Loan Arranger‘s inventory.
    • In-house or external financing. Use the money you borrow to buy a car with The Loan Arranger or to purchase a car from an outside dealership or private seller.
    • Multiple locations. Search for cars from various showrooms across Ontario or check out The Loan Arranger‘s inventory online.
    • Decent reviews. The Loan Arranger seems to have decent reviews from the majority of its online customers.

    What to watch out for

    Consider these drawbacks before buying a car with The Loan Arranger:

    • Higher rates for bad credit. You may pay rates as high as 29.9% if you have a credit score below 660.
    • Limited inventory. There are currently just over 220 vehicles in the online inventory for The Loan Arranger – which is a limited number across 5 locations.
    • Deposit usually required. You may be required to provide a deposit or down payment to secure the vehicle you want.
    • Only used cars are available. The Loan Arranger only has an inventory of used cars to choose from, so you’ll need to look elsewhere if you want a new vehicle.
    • Not available across Canada. You can only use The Loan Arranger if you live in Ontario.

    Car loans like The Loan Arranger

    1 - 4 of 4
    Name Product APR Loan Amount Loan Term Requirements Long Table Description
    CarsFast Car Loans
    4.90% - 29.90%
    $500 - $75,000
    12 - 96 months
    Requirements: Min. income of $2,000 /month, 3+ months employed
    Loans Canada Car Loans
    1.49% - 31.99%
    $500 - $35,000
    24 - 120 months
    Requirements: Min. income of $1,800 /month, 3+ months employed
    Canada Auto Finance
    4.90% - 29.95%
    $500 - $45,000
    3 - 96 months
    Requirements: Min. income of $1,500 /month, 3+ months employed
    Clutch Car Loans
    From 8.49%
    $7,500 - No max.
    12 - 96 months
    Requirements: 3+ months employed, Max.1 bankruptcy, Ontario & Nova Scotia only

    Summary of The Loan Arranger reviews

    The Loan Arranger has mixed reviews across various sites. Sample reviews are outlined in the table below:

    Review siteRatingPositive commentsNegative comments
    Google4.5 stars, 274 reviewsGood customer service

    Easy approval

    Faulty vehicles

    High prices

    Cars.com4.8 stars, 868 reviewsAttentive sales people

    Last resort approvals

    Faulty vehicles

    Poor communication

    Nicelocal.ca4.6 stars, 95 reviewsQuick and efficient

    Professional staff

    Hard to get deposit refund

    Unnecessary warranties

    *ratings may be subject to change – current as of April 20, 2022

    What types of vehicles can you finance through The Loan Arranger?

    The Loan Arranger lets you finance the following types of vehicles:

    • In-house vehicles. Buy used cars, trucks, vans and SUVs with in-house financing and pick them up at one of The Loan Arranger‘s 5 showroom locations.
    • Refinancing. Refinance an existing car loan to get lower interest rates if you have good credit and qualify for better terms.
    • Vehicle from another dealership. Shop for new or used vehicles from another dealership and get your financing through The Loan Arranger.
    • Private sale vehicle. Use the money you borrow to pay for a private sale vehicle, even if it’s a recreational vehicle.

    What types of vehicles does The Loan Arranger not finance?

    The Loan Arranger doesn’t seem to sell recreational vehicles such as boats, RVs, ATVs or motorcycles at its showroom locations. However, you may be able to get financing if you want to buy these types of vehicles at another dealership or through a private sale.

    Do I qualify?

    Eligibility criteria

    To be eligible for financing with The Loan Arranger, you’ll need to meet the following criteria:

    • Be a Canadian resident who is the age of majority in your province
    • Have a valid Canadian mailing address and active bank account
    • Be regularly employed and make enough money to repay your loan

    What provinces and territories is The Loan Arranger available in?

    The Loan Arranger only works in Ontario and doesn’t seem to have plans to expand to other regions. The company operates showrooms in Toronto, Etobicoke, Oshawa, Barrie and Cambridge. You can also apply for financing to purchase vehicles from other dealerships and through private sales in the Ontario region.

    How do I apply for a car loan from The Loan Arranger?

    Follow these steps to apply for a car loan from The Loan Arranger. You may need to follow a different process if you’re applying for a loan to buy an external vehicle.

    1. Head to The Loan Arranger homepage and enter your personal information in the pre-approval box along with your monthly income.
    2. Input additional information on the application page such as your contact details, Social Insurance Number, bankruptcy status and cosigner information.
    3. Indicate the length of time you’ve been employed and how long you’ve lived at your current address.
    4. Wait for a financing specialist to get in touch with you to explore your vehicle and car loan options.

    Required documents

    You may be required to submit the following documents to qualify:

    • Valid government ID. Submit a valid piece of ID such as your driver’s licence or passport.
    • Proof of monthly income. Show proof that you make a reasonable income using documents such as pay stubs or bank statements.
    • Credit score. Give The Loan Arranger permission to pull your credit report so that a financing advisor can assess your creditworthiness.

    I got a car loan from The Loan Arranger. Now what?

    After securing a car loan, you can use the money to purchase a vehicle with The Loan Arranger, an outside dealership or a private seller. Once you have your car, you’ll begin to repay your loan on a bi-weekly or monthly basis depending on your loan arrangement. You’ll pay back your principal amount along with interest rates until your loan is paid off in full.

    Compare car loans in Ontario

    Frequently asked questions

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