Bad credit or no credit: either one is fine when applying for a short-term loan at C.A.I. Financial.
“We accept good credit, bad credit or even no credit,” says Shameer Dada, President of C.A.I. Financial in Port Moody. “We are here to help you regardless. It all boils down to collateral.”
C.A.I. Financial is the largest private lending company in Canada catering to people without using credit or employment checks, and loaning from $1,000 to $25,000 in a simple, hassle-free manner.
“Just about anyone with proper collateral is approved for a loan,” Dada says. “It’s a very straightforward process.”
Collateral could be any major vehicle –a car, truck, motorcycle, boat, RV, tractor or ATV. Once accepted, the collateral is bound to the loan.
However, unlike some loans, the company does not take over the title of the vehicle used. And you can continue to use the vehicle for a fee.
Once the loan is repaid, all contracts are void.
Worried about the application process? No need. Applying is easy. Applications can be started online or over the phone, followed by a visit to the Port Moody office to fill out some simple paper work.
When applicable, approval is instant and in most cases the funds are available in as little as 15 minutes.
C.A.I. Financial also guarantees the lowest interest rate of any company offering a similar loan program.
Dada points out that, unlike some companies, C.A.I. Financial isn’t in the business of repossessing vehicles.
“We want to be paid back as opposed to repossessing,” he says. “To that end, we work with our clients to ensure that their program follows the best path.”
Case in point: C.A.I. Financial has won an award for Best Customer Relations two years in a row.