Repayment of loan
Paying off your loan involves making pre-authorized payments from your bank account throughout the repayment period. To make sure that repayment goes smoothly, check whether you have sufficient funds in your bank account by repayment dates.
Conditions of loan extension
Car Loans Canada doesn’t provide any information on loan extension conditions. Since this platform serves as an intermediary between you and a lender, you will need to clarify the extension terms with the lender offering you a loan.
You can also contact the Car Loans Canada support team for additional details on this matter: [email protected].
Early payoff
As stated on the Car Loans Canada website, they will connect you to the lenders offering open-ended loans. So, nothing prevents you from repaying your loan early, at no additional cost. You can either make lump sum payments or pay off your loan in full at any time.