Which Canadian bank offers the best-unsecured car loans for the purchase of a new car for 5 years14.07.2021

Bankchart.ca has surveyed the terms of the offered unsecured car loans for 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 - 14.07.2021

As of 06 July 2021 the loans under review have been offered by 4 banks.   The average interest rate under such loans equals 7,14 % p.a. The total number of the loan programs available for the specified loan terms is 8.

The most affordable car loan is offered by Bank Of Montreal. The interest rate under "Personal Loan (variable)" loan program constitutes 3,45 % 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 - 4 unsecured car loans loan programs for purchase of a new car for 5 years, as of 06 July 2021

#

Bank

Interest Rate, %

1

3,45

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

2

5,20

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

3

7,99

interest rate, %

one-time fees

no

periodic fees

no

advance from

0,00 %

4

8,50

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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