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This personal car loan is for you if you want:
- Help with financing a new or used vehicle
- Lower monthly payments by taking up to 8 years (96 months) to pay off your loan, giving you maximum flexibility
- The choice of weekly, bi-weekly, semi-monthly or monthly payments to coincide with your pay periods
- To apply online for a faster approval
Other loan details:
- Borrow a minimum of $5,000
- Once you’ve been approved for a CIBC Personal Car Loan, your information only needs to be updated for future credit applications
- To make scheduled payments from your CIBC account at no charge with an Electronic Fund Transfer (EFT)
- Pay off all or part of the loan at any time without penalty
- You can also skip up to two payments yearly2
You may also want to consider:
- Using a personal loan to buy a used car
- Applying for a Home Power® line of credit for a lower interest rate and a higher credit limit
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