The TBC Auto Loan finances the purchase of new or used vehicles. The bank advertises fast approval and an option without proof of income for qualifying applicants.
The financed car generally serves as security for the loan. Amount, term and rate are confirmed at approval based on the vehicle and the borrower’s profile.
What's good
- Fast approval
- Option without proof of income
Trade-offs
- Vehicle serves as collateral
- Rate confirmed only at approval
