2,99 % p.a. is the minimum interest rate under the secured car loans for the purchase of a used car for 3 years07.09.2020

Bankchart.ca has surveyed the terms of the offered secured car loans for purchase of a used car for 3 years in the national currency. Our website's analysts have studied the loan offers from all Canadian banks, which place rates on their websites. Review date - 07.09.2020

As of 31 August 2020 the loans under review have been offered by 6 banks.  The average interest rate under such loans equals 4,83 % p.a. The total number of loan programs available for the specified loan terms is 10.

The most affordable car loan is offered by Scotiabank. The interest rate under "Auto Loans (fixed)" loan program constitutes 2,99 % p.a. The table below shows the best offers by each bank selected by Bankchart.ca (in terms of costs) for the aforementioned terms.

The TOP - 6 secured car loans loan programs for purchase of a used car for 3 years, as of 31 August 2020

#

Bank

Interest Rate, %

1

2,99

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

2

3,99

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

3

3,99

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

4

4,90

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

5

7,50

interest rate, %

one-time fees

no

periodic fees

no

advance from

25,00 %

6

10,00

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

To view the up-to-date rating of the car loans at our website, click here.

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