Clutch offers online loans ranging from $5,000 to $50,000, with repayment terms between 24 to 96 months. The borrowing process is simple and straightforward, beginning with budget discovery, followed by financing approval, and finally vehicle selection. To qualify, applicants must provide proof of income and a valid Social Insurance Number (SIN). For instance, if you borrow $5,000, you’ll incur a fee of $1,997, making your total repayment $6,997 over a 24-month term. Thus, Clutch provides a flexible and accessible financing solution for your needs.
Clutch review
Clutch offers an enticing range of online loans, ranging from $5,000 to $50,000. The terms vary, providing flexibility, with the shortest term being 24 months and the longest stretching to 96 months.
The borrowing process is straightforward and involves three key steps. To begin, you’ll go through a budget discovery phase to identify your financial capabilities. Once that’s done, you’ll move on to the financing approval stage. After approval, you’ll proceed to the final step, which is vehicle selection.
To qualify for a loan, you need to meet certain conditions. You must provide proof of income to demonstrate your ability to repay the loan. Additionally, you need to provide proof of your Social Insurance Number (SIN).
If you’re considering a loan of $5,000, it’s essential to understand the repayment terms. There’s a fee of $1,997, which means your total repayment would amount to $6,997. This repayment is spread over a term of 24 months.
In essence, Clutch provides a flexible and straightforward loan service, with amounts up to $50,000. It’s a reliable option for those in need of financial assistance.
Table of repayments
| Amount | Fee | Total payment | Term |
| $5.000 | $1 997 | $6 997 | 24 months |
If you will get the loan of $5.000 with the term of 12 months, your totally payment would be $6 997. The fee is $1 997.