CIBC Personal Car Loan

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