Car Loan Application Frequently Asked Questions
1. I have a bad credit history. Will I get an approval for
auto loans?
The companies and dealers we work with accept a variety of
applicants, many of whom have a poor credit history. We will likely be able to
provide you the right help no matter how bad your credit situation is.
2. Is it compulsory to have a co-signer?
It is not a requirement for have a co-signer. But with a co-signer
you can likely get better interest rates.
3. I have no credit. Can I get an auto loan?
If you have no credit, then you can start your loan journey with
us. We can assure you it will be a good one.
4. What interest rates will I qualify for?
The interest rates you will pay for auto loans will depend on loan
amount, term, credit rating, repayment ability and market trends. A dealer or
financial institution will contact you with more information after you apply.
5. Is my personal information secure?
Our loan application form is absolutely secure. Each and every
detail that you provide to us will be treated as confidential per our privacy
policy.
6. What are the charges of applying on your site?
The application process is absolutely FREE!
7. How much time will it take to get an approval?
As soon as you apply, we start the processing of your application.
Usually you will receive a response from a participating dealer or financial
institution within a few hours. And then you’re on your way to buying a car of
your choice.
8. What kind of vehicle I am entitled to buy?
This
will depend upon the size of the loan and the terms extended to you by the
dealership. After you apply, they will get in touch with you to provide you
with more details.
9. Are you a lender?
We
are not a direct lender. We are a service for people that matches up car loan
applicants with local dealers and financial institutions.
10. What are the basic
requirements to qualify for an auto loan?