What are the minimum requirements to qualify for a car loan?

Each lender has its requirements. However, meeting a minimum credit score is the most common. Generally, this limit is 550 for most lenders. But if you have a lower credit score, there are still lenders and loan providers available for you to use. We encourage you to use our services to search for a financing solution, regardless of your credit score.

Lenders may also require you to be a Canadian resident, be the legal age of majority for your province, and prove that you have a regular source of income.

Jul 30 - Comparewise Car Loan Banner

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