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
Gas pump.

Special offer

Get 10% cash back for the first 4 statements, up to $200 and an annual fee rebate with a new CIBC Dividend Platinum® Visa* Card!

Plus, save up to 10 cents per litre3 on gas at participating Chevron, Pioneer and Ultramar gas stations4 when you link and use your CIBC card with Journie Rewards.

Learn more about the CIBC Dividend Platinum Visa Card offer.