| Q: |
Does it cost me anything to fill out the Credit Application? |
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No! There is 100% free to fill out the Credit Application. There is no risk or cost to you. APPLY NOW |
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| Q: |
How long does it take for my application to be processed? |
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In most cases, your application will be processed the same day. APPLY NOW |
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| Q: |
Tell me about the process? |
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Fill out completely our secure online Credit Application. Your application will be processed by our team of credit professionals and we will match you with a lender who will approve you. We will then be in contact with you in order to review your application, verify your income and explain the financing options. When we have your financing approved, all you are required to do is finalize the process with a signature and you get a loan. APPLY NOW |
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| Q: |
What happens to my personal information? |
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See our Security and Privacy Policy. We never share your personal information with anybody without your express consent, and only for the purposes of obtaining you a loan. We are not in the business of selling or sharing your personal information with any other firm or entity. APPLY NOW |
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| Q: |
What if my credit is horrible will I be approved for a loan? |
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If you have an income, you can! Of course the terms and approval conditions will also depend on your credit history, and the level of income. We believe that no matter what your credit situation is, there is a way to find you a loan. We are here to help, and we have done our best to accommodate many special requests in the past and we are sure we can help. APPLY NOW |
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| Q: |
What if other lenders have turned me down will I be able to get approved for a loan? |
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We have lenders that can deal with any situation. Our Financial consultants have access to Financial Institutions that are more flexible with their lending plans. APPLY NOW |
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| Q: |
If I apply with multiple institutions, does that hurt my credit? |
| A: |
If you apply with multiple institutions it will affect your credit. Many are under the assumption that multiple applications will work in their favor. Actually, it is NOT TRUE! APPLY NOW |
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| Q: |
I am currently in bankruptcy, can you still help me? |
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Yes. If you start rebuilding your credit today it will be easier. APPLY NOW |
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| Q: |
When I apply does it have an impact on my credit? |
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Any inquiry for a loan will report to the credit bureau. Some financial dealerships will send your application to any and all lenders “hoping” one will approve you. Each time your credit is pulled it will report so lenders know who pulled your report and the process of shopping may hurt your chances of getting the terms you want. APPLY NOW |
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This will not happen with CANAL FINANCE. With our experience loan professionals we know who will approve you and usually the terms that will be offered upon initial review. You will be approved. APPLY NOW |
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| Q: |
How does CANAL help build their customers’ credit? |
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CANAL provides their customers with guidance and recommendations for improving their credit rating. We also give clients the option of signing up for our email newsletter, at no extra charge, which provides them with monthly credit tips. APPLY NOW |
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| Q: |
What are the interest rates for an auto loan? |
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Because of the lending experience at CANAL FINANCE we are able to find the lowest rate on the market. Knowing the factors of credit, income and vehicle selection come into your final approval, we work with you to ensure that you have the most attractive overall conditions of financing including length of financing, rate and loan to value and lowest cash down needed. APPLY NOW |
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| Q: |
If I apply for an auto loan, can my current vehicle be used as cash down or trade in? |
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Absolutely! APPLY NOW |
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| Q: |
Why you need my Social Insurance Number? |
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Your social insurance number is required for the lender to be able to perform a credit check in order to determine what type of financing you qualify for. This information is used only for the purpose of determining a credit score for the applicant, and is not used for any other purpose or shared with any third parties other than the lender that your profile is assigned to. APPLY NOW |
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| Q: |
How long does it take before I can get a vehicle? |
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Providing that your information can be verified within a timely manner, you can get a vehicle within 2 to 3 days. APPLY NOW |
