Car Loans Canada Requirements

There are lenders that specialize in car loans for people with bad credit. These lenders have minimum requirements that borrowers must meet and Car Loans Canada can help you find them. At Car Loans Canada, we have helped thousands obtain bad credit auto loans. We do this by evaluating your current situation and putting less emphasis on your credit history. We will carefully match each person needing a loan with an appropriate lender.

Canadian Car Loans

Canada’s large chartered banks have been forced to compete with smaller lending institutions that offer car loans to those with credit issues. This factor is good for anyone with a history of credit problems. While requirements for a car loan from a chartered bank may place significant emphasis on a borrower’s credit history, lenders who have specialized in auto loans for low income or bad credit have offered requirements that focus on a borrower’s ability to pay. All of this means that the landscape for Canadian car loans has indeed shifted significantly in favor of the borrower, and that is good for you!

Canadian Loans for Those with Credit Issues

You can expect that lender’s who specialize in bad credit auto loans will have minimal income requirements. Factors such as your total income, how secure your income is, how long you’ve been employed at your current job, and how long you’ve lived at your current address are of paramount importance. In general, if you have been employed for less than 2 years, you can expect that your prospective lender will want to see information regarding your previous employment as well as your previous home address.

Don’t Worry, You Can Find Bad Credit Auto Loans

People who have filed bankruptcy or have credit issues represent a simply massive market, and that means there are lenders who want to work with you! There are lenders who will look at your specific situation and evaluate it accordingly. If you don’t meet the minimum income requirements, then you may still be able to get an auto loan with the help of a qualified co-applicant or cosigner.

Let Car Loans Canada Help You Today

Car Loans Canada offers access to bad credit car loans via our network of lenders and dealers who specialize in approving car loans for people with bad credit. It has never been easier to qualify for a Canadian car loan. You can apply now by completing a secure online credit application and obtain an approved car loan without even leaving the comfort of your home.


3 reasons to apply online today. It’s simple, fast and secure! We’re Canada’s #1 source for online auto loans!


Complete our online credit application, it’s simple, fast, and most importantly, secure. Your personal information is protected by the highest level of online security, and your information will only be used for the purposes of helping you secure your auto loan.