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.
Go To Loans (GTL) is a lender in the financial technology industry. They were first established in 2018 in Ontario, Canada. They provide Canadians with loans based on the equity they have in their car. Borrowers can qualify for loans from $500 to $10,000, with terms up to 48 months. Funds can be used to repair their cars, purchase tires or rims and for other car-related expenses.
It’s important to note that GTL does not directly provide you with cash. Instead, they finance your car expense by paying the vendor you are using directly. If you need to cover a car expense and have bad credit, GTL can be a good option as they provide financing without credit checks or income verification.
As mentioned, Go To Loans offers auto equity loans for the purpose of financing various vehicle costs, such as repairs, rims and new tires. Here’s how you can qualify for the highest loan amounts, lowest interest rates and best repayment terms:
Although Go To Loans offers easier approval requirements than many other lenders in Canada, the best way to become eligible for a favourable loan is to apply when you have good financial health and little risk of missing any of your upcoming payments.
While you won’t have to provide any personal information during the first part of the loan approval process, Go To Loans may request the following documents when you apply:
Start by telling Go To Loans about your car, as well as the types of vehicle costs you’re looking to cover. Once all your vehicle information is verified and it’s determined that your car has enough value, you can complete the application process entirely online within a few minutes without a credit check. Afterward, all loan payments are sent directly to the authorized Go To Loans vendor of your choosing.
All in all, Go To Loans offers simple loan products to cover basic vehicle costs. No fuss, just fast financing and easy approval standards. Here are a few other positive features that you’ll see once you become an official Go To Loans consumer:
Before applying for any type of loan, vehicle repair or otherwise, it’s extremely important to tally up all the associated costs so you can factor them into your budget. After all, not being able to afford your payments could lead to serious debt problems in the long run. Here are some of the major costs you may encounter after applying with Go To Loans:
Keep in mind that these are just some of the basic costs that you could encounter when you apply for an auto repair loan through Go To Loans. The actual cost of your repayment plan may vary. For example, you may have to pay different rates and fees for any of their “promotion interest loan” products (No Payment/No Interest Loan, etc.)
Despite the ease of the Go To Loans application process, it’s still important to weigh the benefits and drawbacks that come with their vehicle repair loans. If the disadvantages look too dangerous for your financial health, it might be safer to look elsewhere:
Loan Range | Rate & Terms | Product Details | Eligibility | Requirements & Documents | |
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Auto Equity Loan | $500 - $10,000 |
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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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