FAQ

Yes, you can refinance your car loan, and it can be a good idea under certain circumstances: Lower Interest Rate: Refinancing to a lower interest rate can help you save money and pay off your loan faster. The earlier in your loan term you refinance, the more interest you can save. Improved Credit Score: If

Yes, there are typically two ways to achieve this: Paying your car loan bi-weekly instead of monthly can help you pay it off faster. Refinancing to a lower interest rate can also accelerate debt repayment. However, be sure to check if your car loan allows early repayment without penalties.

Your interest rate is based on the overall strength of your lending profile. Factors such as time in job, age of vehicle, whether you are a homeowner or renter, and credit rating determine the rate of interest.

After your loan has been approved, we will contact you and set up a repayment schedule that will be easy for you to manage. We generally try to personalize each client’s repayment schedule so that it coincides with their pay cycle.

We usually charge applicants a loan origination fee (also called a loan processing fee) to cover the costs that we incur as we process and verify their documentation. This fee varies according to the type of loan in question and also its amount.