FAQS

How do I apply?

Simply fill out our online form or give us a call so we can find the best quotes for you. After that, you can choose the best one and we’ll help you complete the application process in no time.

How much does PeoplesCarLoans charge for their service?

PeoplesCarLoans services are absolutely free. We help you find the best deals through our partnership with multiple car loan providers across the country.

I have bad credit; will I have a problem applying for car financing?

No and that is what we’re here for. PeoplesCarLoans will help you find the right car deal whatever your financial situation is. We don’t take your credit against you and we will gladly extend our help to make sure you find what you are looking for.

I am self-employed. Will I be able to get car financing?

Yes. PeoplesCarLoans will find the car loan providers that are most suitable for self-employed borrowers. They may require some proof of income but we are here to help you sort that out as well.

How are APRs determined?

The interest rates for car loans are dependent on your credit rating. Nonetheless, PeoplesCarLoans still have access to the lowest APRs available for whatever your credit rating may be.

How much can I borrow?

The amount of money you can get for your car loan will depend on a number of factors such as your income, your credit rating and the number of years you want to pay for your loan. With the wide range of options we have available for you, you can easily find the maximum amount you need for your car loan.

How old should I be to get a car loan?

Most car loan providers approve applications for those that are 18-21 years old. If you are under 18, unfortunately, you will not be able to get a car loan. Between the ages of 18-21, you may be approved but there may be some lenders that will ask you to provide a guarantor for your loan.

How long does an application process take?

After you fill out our online form, we will process it within our working hours. Getting a decision can take as fast as a day.

How long does it take to apply and get the car?

The whole process of the car loan deal can take about 2-4 working days if there are no other issues that may arise.

What are the documents I would need if I get accepted for a car loan?

We will ask you for a copy of your driver’s license and wage slip. Some creditors will require you to submit personal banking statements or proof of residence but that will vary from one creditor to another.

Do I need to make a deposit?

Most of our lenders do not require a deposit but that would depend on the car deal you are after. If you want to make a deposit though, you can always do so.

Can I make an early repayment?

Absolutely. In some cases there may be an early repayment fee included but we can discuss your options when you choose the deal that best suits your needs.