Loans Canada Launches Free Credit Score Portal And Is Recognized As One Of Canada’s Top Growing Companies
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
Coast Capital is Canada’s largest Credit Union with 50+ branches that sever 543,000 members in British Columbia. Their mission is to provide their members with financial services that are innovative and promote financial well-being. Coast Capital is also certified as a B Corp company by the nonprofit B Lab. Meaning they are a conscious company and strive to do more than just business. They work toward meeting environmental and social standards as well.
Offering financial services for the past 75 years, Coast Capital Savings helps people access loans, lines of credit, auto loans, equipment financing, and aircraft financing. They also offer consulting services to help people reach their financial goals.
Coast Capital Savings offers loans and lines of credit starting at $5,000. Their personal loans have term lengths ranging from 12 to 60 months, while their lines of credit don’t have set term lengths. Depending on your situation, they may consider lending less than $5,000; however, you need to email them directly to inquire.
Coast Capital helps consumers get behind the wheel and back on the road to low monthly payments. When you choose to finance a vehicle with Coast Capital you’ll benefit from:
• Financing and leasing options for both new and used vehicles through a dealership or privately
• Available for consumer, business, commercial and fleet units, including light and medium-duty trucks up to one ton
• Loans or leases for exotic vehicles
• Quick approvals or pre-approvals at competitive rates
• Refinance option is also available to help reduce monthly payments by refinancing at a lower interest rate than their current lending institution or extending term or both
• Loans or leasebacks on free and clear vehicles to secure extra capital against the existing vehicle
Coast Capital Savings offers low-cost, flexible auto loans for the following vehicles:
For members living in British Columbia (excluding the Bridgeview area of Surrey), Coast Capital has a variety of options to choose from. Whether you’re purchasing your first home, renewing your mortgage, or want to switch your mortgage over to Coast Capital, any current or future homeowner will find what they are looking for. Furthermore, consumers may be eligible for a cash bonus of up to $1500 when they switch to Coast Capital.
For a limited time, get up to a $2,000 cash bonus for your new home.* Offer expires December 30, 2022. Terms and conditions apply.
Similar to their auto loans, Coast Capital Savings offers pre-approved financing, vehicle refinancing, and private sales support for industrial equipment. They offer financing solutions through conditional sales contracts, loan and security agreements, and capital leases. Some examples of eligible equipment include:
Benefits with obtaining equipment financing with Coast Capital Solutions include:
Coast Capital Savings offers aircraft financing for both pilots and businesses. They have industry experts to help you with your financial strategy. Financing for aircraft vehicles is available for personal, business, and commercial use. Some benefits of their aircraft financing include:
Before applying for a loan or line of credit, you’ll need the following, from the past 3 years:
You’ll also need to grant the credit union permission to conduct a credit check. To verify the information above, Coast Capital Savings may ask for the following:
For more information, take a look at their lending checklist.
If you’re interested in obtaining equipment financing from Coast Capital Savings, you’ll need to contact them directly for a quote. However, be prepared to have some of the following information handy, as customary for most business loans:
You can borrow funds from Coast Capital Savings with three simple steps:
For specific costs of borrowing with Coast Capital Savings, you’ll need to reach out to them directly. However, there are some general costs and factors for loans that you should consider before applying:
While banks offer lower interest rates, credit unions usually offer interest rates slightly higher than banks but cheaper than those of alternative lenders. Watch out for the annual percentage rate (APR), which represents the annual cost of the loan. Monthly interest rates only represent the additional interest payments you’ll make each month.
Longer terms usually mean lower monthly payments. However, longer-term lengths might also mean higher interest rates, and they certainly entail more money paid in interest over time no matter what the rate is.
All loans and lines of credits have associated fees:
Coast Capital Savings is a reputable credit union that has been offering financial products since the 1940s. For individuals who have trouble accessing financing from a bank, a credit union like Coast Capital Savings offers a solution.
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Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
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