Canada Drives offers online loans ranging from $5,000 to $100,000, with terms extending from 24 to 96 months. The borrowing process is straightforward, involving budget discovery, financing approval, and vehicle selection. To be eligible, one must be the age of majority in their province or territory (18-19+), be a permanent Canadian resident, possess a valid Canadian driver’s license, and show proof of address and active bank account. For instance, a loan of $5,000 over 24 months would result in a total repayment of $6,423, including a fee of $1,423.
Canada Drives review
Canada Drives is a reputable platform for securing online loans, offering a range of $5,000 to $100,000. This financial institution provides flexible terms for repayment, ranging from 24 to 96 months, catering to a variety of financial situations and needs.
The borrowing process is quite straightforward, beginning with Budget Discovery to understand your financial capacity. Following this, you’ll go through Financing Approval, where your loan request is evaluated and approved. Finally, you have the freedom of Vehicle Selection, allowing you to choose from a wide array of options.
As for the loan terms, there are specific conditions to be met. The applicant must be of legal age, which is 18 or 19 depending on the province or territory. A permanent Canadian residency is required, along with a valid Canadian driver’s license. Additionally, proof of address and an active bank account are necessary, typically verified through recent paychecks and bank statements.
The repayment structure is transparent and straightforward. For instance, if you borrow $5,000 for a term of 24 months, the total repayment amount would be $6,423, inclusive of a fee of $1,423.
In conclusion, Canada Drives offers a flexible, accessible, and transparent loan service, making it a reliable choice for those in need of financial assistance.
Table of repayments
| Amount | Fee | Total payment | Term |
| $5.000 | $1 423 | $6 423 | 24 months |
If you will get the loan of $5.000 with the term of 24 months, your totally payment would be $6 423. The fee is $1 423.