Auto Credit Deals offers online loans ranging from $5,000 to $50,000, with repayment terms between 12 to 96 months. The borrowing process is straightforward, involving three steps: Budget Discovery, Financing Approval, and Vehicle Selection. To qualify, you must meet certain conditions like being the age of majority in your province or territory (18 – 19+), being a permanent resident of Canada, possessing a valid Canadian driver’s license, earning a minimum monthly income of $1,800, and providing proof of your address and active bank account. For instance, if you borrow $5,000 for a term of 12 months, you’ll end up paying a total of $6,221, including a fee of $1,221.
Auto Credit Deals review
Auto Credit Deals is a financial service that offers online loans ranging from $5,000 to a whopping $50,000. The loan term is quite flexible, extending from a minimum of 12 months to a maximum of 96 months. This flexibility allows borrowers to choose a repayment plan that best suits their financial situation.
The borrowing process is straightforward and involves three steps. First, there is the Budget Discovery phase where you determine how much you can afford to borrow. Then, you proceed to the Financing Approval stage, where your loan request is reviewed and hopefully approved. Finally, you select your vehicle, which is presumably the reason for the loan.
There are certain conditions that you must meet to be eligible for a loan from Auto Credit Deals. You must be at least 18 or 19 years old, depending on the age of majority in your province or territory. Additionally, you must be a permanent resident of Canada and possess a valid Canadian driver’s license. An income requirement is also set at a minimum monthly income of $1,800. Income assistance, including ODSP, may be considered. Lastly, proof of address and an active bank account are required, which can be verified through your most recent paychecks and bank statements.
In terms of repayments, an example is provided for a loan of $5,000. If you borrow this amount, with a term of 12 months, your total repayment would amount to $6,221. This includes a fee of $1,221.
In conclusion, Auto Credit Deals offers a flexible and straightforward loan service for those in need of financial assistance. Their loan terms and conditions are clear, and the borrowing process is simple. Whether you need a smaller loan or a larger one, Auto Credit Deals provides a viable option for your financial needs.
Table of repayments
| Amount | Fee | Total payment | Term |
| $5.000 | $1 221 | $6 221 | 12 months |
If you will get the loan of $5.000 with the term of 12 months, your totally payment would be $6 221. The fee is $1 221.