Carloans411 Review 2026Apply Now Check if I Qualify ↓
Written and analysed by Smarter Loans Editorial Team · Reviewed by Rafael Rositsan
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Four questions checked against Carloans411's published criteria, per product. No application started.
Carloans411 publishes one number, a credit score above 500, and one document, government ID.
3 reviews from borrowers who used Carloans411. Each is submitted by a verified borrower and moderated for authenticity; it renders as written, positive or not, and lenders cannot remove it.
I was looking to buy a Honda Civic, but I was rejected for financing in several banks due to mine credit score. I found car loans 411 in Google in decided to try their services since I have nothing to lose. Eventually, I was approved for the car loan which I paid in two years, and just want to say thank you Car Loans 411 for help in getting the car I wanted.
I got a call back from carloans411 within just a few minutes of contacting them. Soon after they paired me up with a local dealer and i'm grateful for the service they've provided me.
Super staff and easy to apply. Helped me get a car even though my credit rating wasn't that good. Would recommend it to anyone looking for a car.
CarLoans411.ca is a Canadian-owned and operated company which was founded in 2008. As one of the first companies of its kind in Canada, CarLoans411 has helped hundreds of thousands of Canadians with their car purchase. They specialize in finding the right car financing solution for Canadians regardless of their personal situations.
CarLoans411 has partnered with hundreds of dealerships across every province in Canada providing you with affordable options to drive away happily. CarLoans411 has over 200,000 customers and 2 locations, one in Toronto and the other in Vancouver. CarLoans411 helps thousands of Canadians including those with bad credit and no credit find affordable cars, vans, trucks or SUVs.
CarLoans411 offers car financing solutions. The 2 main products that they offer are:
Simple Interest Loan: The interest rate is based only on the outstanding balance. That gives the borrower the option to pay more than the standard monthly payment and thereby save on interest cost.
Pre-Computed Loan: All interest and principal payments are negotiated before the paperwork is signed. Payments are pre-calculated in advance, which excludes the possibility of early repayment.
CarLoans411 loans are between $5,000 and $40,000.
Interest rates on a CarLoans411 loan start at 2.9%.
Most CarLoans411 loans in Canada are structured with 12-months increments. They last somewhere between two and seven years. Depending on whether you are planning to buy a new or used car, you will find loans between 12 months and 84 months. The average used car loan lasts between 36 months to 48 months. The average for a new car loan lasts between 60 months to 72 months.
You must be of legal driving age in the province that you reside in, and be a permanent resident in Canada. You also need to be employed for 3+ months and make at least $1600/month to qualify for a car loan.
Yes, the application process could take less than two minutes to complete. CarLoans411 car loan application is 100% free, no SIN required, and no obligation.
Once you submit your application, CarLoans411 will be able to connect you with a suitable partner within their extensive network of dealerships across Canada who can help you regardless of your financial situation. People have been able to get on the road in less than 48 hours.
The loan proceeds are usually deposited directly into your bank account.
CarLoans411 loans are repaid through pre-authorized payments from your bank account.
CarLoans411 is available anywhere in Canada.
CarLoans411 offers various means of customer support, including contacting them by phone, web chat, email support and even have a blog and FAQ section on their website to view commonly asked questions and answers.
You can reach out to CarLoans411 between Monday and Friday from 9AM to 11PM EST and weekends from 9AM to 9PM EST.
