Car Loans Ontario

1
Car Loans
A car loan is a sum of money a consumer borrows
in order to purchase a car. A car loan is secured
against the vehicle you intend to purchase, which
means the vehicle serves as collateral for the
loan. The loan is paid off in fixed installments
throughout the loan. Much like a mortgage, the
lender retains ownership over the asset until you
make the final payment.
www.autoloanservices.ca/
2
About us Auto Loan

• At AutoLoanServices.ca, we understand that owning
  a vehicle is more than just a luxury. Every
  Canadian deserves to own a vehicle, regardless of
  their credit situation.
• With our team of highly motivated finance
  representatives available to help you regardless
  of your credit situation, as well as thousands of
  vehicles to choose from, we are transforming the
  way Canadians buy their vehicles.

3
What is Car Loans
A car loan is a personal loan that allows the
potential buyer to pay the vehicle off in
monthly payments instead of having to pay the
full price all at once. This means that a
lending servicer or bank will pay off the car in
full, while in return the borrower pays off the
debt in monthly payments with an interest fee
included as well. This type of personal loan may
be either a secured or non- secured loan
depending on the situation they are in. But for
the most part lenders will usually offer a loan
that is secured just in case the borrower falls
behind on their payments and fails to pay off
the debt. If the borrower fails to pay the
monthly payments, their lender will repossess
the car to pay off the debt.
4
Requirement for car Loan
Salaried individuals who are eligible for loan
Self-employed individuals who are eligible for a
loan

• Minimum 21 years of age
• Maximum 70 years of age at maturity (conditions
  apply)
• Minimum Net Annual Salary of Rs. 2,40,000 p.a.
  for all approved car models
• Income eligibility based on latest salary slip
  and Form 16
• Minimum of 1 year continuous employment

• Minimum 18 years of age
• Maximum 75 years of age at loan maturity
• Minimum Net Annual Business income of Rs. 1,
  80,000 p.a. for selected models and Rs. 2,
  00,000 p.a. for others.
• Income eligibility based on latest Income Tax
  Returns
• Minimum 3 years of employment in the same line
  of business.

5
Document Require for loan

• Age proof
• ID proof
• Application form
• Photograph
• Residence proof
• Income proof
• Bank statement
• Signature verification proof

6
Used Car Interest Rates
It is very embarrassing if the bank people say,
you are not eligible for bank loans because of
your bad credit score. Getting auto loan without
credit score from online auto finance companies
will never leave you embarrassing and if you are
thinking of transport business, you can by a
carrier like truck by using the benefits of auto
finance companies from which you can improve
your financial status. The auto finance
companies are providing the loans without
considering the credit score and it provides the
way for the buyers to own their favorite vehicle.
7
Refinance Car Loan Rates
You should be careful about your credit details,
so that other persons not knowing the details of
your credit history. Only talk about it with
people who you trust and who are willing to guide
you. When you are meeting a lender to arrange
guaranteed auto financing, make sure that the
person that accesses your credit report is
actually the dealer who is selling you the car of
your choice. Otherwise when you allow other
persons to access your credit history might hurt
your credit record.
8
 Contact Details

• At AutoLoanServices.ca we make getting a new car
  Fast Simple regardless of your credit
  situation. 100 APPROVAL RATE as long as you are
  currently working!
• Any Information Query for the Car Loans. So Now
  Visit our website!!
• https//autoloanservices.ca/
• Contact Details

info_at_autoloanservices.ca
Ph 1-866-705-6267
125 Edward Street Aurora, ON, L4G 1W3, Canada
9
(No Transcript)