It currently has 274 reviews on Google and is well-known for offering decent customer service. Is The Loan Arranger legit?The Loan Arranger is a legitimate corporation registered to operate in Ontario. People with good and bad credit can apply. Use this financing to purchase a vehicle from The Loan Arranger‘s inventory or from an external dealership or private seller. Apply for vehicle financing with interest rates between 0% and 29.9%. It has around 220 vehicles in its online inventory at the time of writing, though this number fluctuates regularly based on supply and demand. The Loan Arranger operates showrooms in Toronto, Etobicoke, Oshawa, Barrie and Cambridge. What is The Loan Arranger?The Loan Arranger is a car dealer and loan provider that offers in-person sales and financing services across Ontario.
Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.Please note: All information about The Loan Arranger has been collected independently by Finder and this product is not available through this site. Different amounts and terms will result in different comparison rates. WARNING: This comparison rate is accurate and applies only to the example or examples given. Transaction fee: $0.99 per transaction (total $102.96) Repayment period: Minimum repayment period is 6 months, maximum repayment period is 36 months.Įxample of a $2,500 loan of a Maximum term of 24 months: Non Payment can affect your credit score/history and your ability to borrow in the future. Please contact us as soon as you become aware that you may not be able to make a repayment, to make alternative arrangements with our loan consultants. Collection policy will always be disclosed to you before you enter into any loan agreement. Default fees may also be imposed to a maximum of 200% of the original loan value, these fees will be discussed with customers before loan applications are processed.Ĭollection Practices – The Loan Arranger prides itself on being an approachable company, bound by its Hardship Policies which are in accordance with government recommendations.
Mis-Payment Fees can range from a minimum of $25 to a maximum of $60.
The Loan Arranger does not perform a credit check until after a professional lending consultant has spoken directly with a client, our lending consultants do not request any personal information such as Date Of Birth and Physical Address to complete a credit check.įinancial Implications – Non Payment may result in additional fees being imposed, although these will always be disclosed to you before you enter into any loan agreement. There are No Fees on Application on this website.