Which Canadian bank offers the best-secured car loans for the purchase of a new car for 5 years - 13.08.2019

Bankchart.ca has surveyed the terms of the offered secured car loans for the purchase of a new car for 5 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 - 13.08.2019

As of 09 August 2019 the loans under review have been offered by 7 banks.  The average interest rate under such loans equals 5,27 % p.a. The total number of the loan programs available for the specified loan terms is 11.

The most affordable car loan is offered by Scotiabank. The interest rate under "Auto Loans (variable)" 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 - 7 secured car loans loan programs for purchase of a new car for 5 years, as of 09 August 2019

#

Bank

Interest Rate, %

1

2,99

interest rate, %

one-time fees

no

periodic fees

no

an advance from

0,00 %

2

4,04

interest rate, %

one-time fees

no

periodic fees

no

an advance from

0,00 %

3

4,99

interest rate, %

one-time fees

no

periodic fees

no

an advance from

0,00 %

4

4,99

interest rate, %

one-time fees

no

periodic fees

no

an advance from

0,00 %

5

5,45

interest rate, %

one-time fees

no

periodic fees

no

an advance from

0,00 %

6

7,50

interest rate, %

one-time fees

no

periodic fees

no

an advance from

15,00 %

7

10,00

interest rate, %

one-time fees

no

periodic fees

no

an advance from

0,00 %

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

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