How to apply for a loan?
The easiest way to apply for a loan at Coast Capital Savings is through the official website. If you are a new client, start requesting a loan by creating a personal account. If you are a member, you need to log into the profile and search for h the necessary programs, tools, and resources available for the community.
After creating a personal account, clients may decide on the type of loan they want to get among the four options: a personal account, a line of credit, auto finance, or credit insurance.
If you are interested in applying for an auto finance loan, the application procedure differs from others at Coast Capital. It contains a specific questionnaire provided for review. It is in the applicant's best interest to answer the questions if they wish the loan application to be approved. The questionnaire is required to clarify certain things like whether the third party will use the loan or it will be used on behalf of it; if the client is a politically exposed individual; or has been declared bankrupt in the past seven years.
Requirements
Membership at Coast Capital Savings is available for everyone regardless of their financial status. However, specific requirements must be adhered to enjoy the company's resources, programs, and tools. They include:
An applicant must be as old as most people from the community;
Be a resident of Canada;
Provide detailed information about the residential address;
Have an employment history for the past three years;
Provide information about income sources, assets, and expenses;
Have a business license if a business loan is taken.
Kindly note that loan applications are only for amounts that are more than $5,000. If you require a loan lesser than the mentioned amount of money, kindly conduct the finance department of Coast Capital by calling 1-888-517-7000.
To make applying easy and convenient, we have briefly summarised what you need to apply for a loan.
Instead of collecting your information at the front door, Coast Capital has created a contact form where you enter your first and last name, contact information, the subject of your question, and choose when you would like Coast Capital to contact you.
Application details
The process of application consideration may take from 2 to 5 minutes. However, the approval time may take up to a whole business day, depending on the client's financial situation.
Coast Capital Savings can reject a loan application due to one or a set of following reasons:
Lack of required personal information;
Incomplete application;
Bad credit history;
Lack of stable income;
An applicant has been declared bankrupt recently;
An applicant is not age-appropriate.
Too much current debt.
Reasons for rejection
Coast Capital Savings can reject a loan application due to one or a set of following reasons:
Lack of required personal information;
Incomplete application;
Bad credit history;
Lack of stable income;
An applicant has been declared bankrupt recently;
An applicant is not age-appropriate.
Too much current debt.
