Feeling burdened by debt and seeking ways to alleviate financial strain? With car loans being one of the most common forms of debt, finding a way to pay off car loans early can bring numerous benefits, including potential interest savings and increased financial freedom. In this article, we’ll discuss the difference between a car loan…
When you are considering a personal loan, one of the most important things to consider is your credit score. Your credit score plays an important role in determining whether you qualify for a personal loan and what interest rate you will pay for that loan. With lenders using more sophisticated algorithms than ever before to…
Unsecured loans are a type of loan that doesn’t require any collateral (such as property or asset) to be used as security against the loan. Instead, the borrower is responsible for repaying the loan amount, plus interest and fees, on time and in full. Unsecured loans can help individuals pay for large purchases or debt…
Financing a used car in Canada can be a great option for anyone looking for an affordable way to buy their next vehicle. According to the Canadian Bankers Association, nearly three-quarters of all new and used vehicles purchased in Canada are financed through some form of loan or lease agreement. While financing a used car…
Auto loans are an essential part of purchasing a car, and the process of getting one can often be complex and time-consuming. Pre-approval for an auto loan is a great way to make the entire process much easier and smoother. Pre-approval helps you know exactly how much you can spend on a car before you…
Debt consolidation is a term that covers many different strategies used to manage and pay off debt. It can be an effective way to help you get out of debt faster while also managing your monthly budget in a more manageable way. If you have multiple debts, such as credit cards, student loans, or medical…
At one point or another, we all need a bit of financial assistance. People might turn to their credit cards – but many Canadians are recognizing the value in taking out personal loans. A survey conducted by Finder revealed that 65.33%, or 19.52 million people across Canada have taken a loan at least once in…
Many Canadians are choosing to forgo big banks in favour of digital lenders like Symple offering a hassle-free, low-cost, personal loan option. While personal loans provide a way to access funds for things you might need, such as consolidating debt, making improvements to your home or any other major expenses, the challenge for many borrowers…
When you’re shopping for a car loan, it’s important to understand how interest rates on car loans work. Interest is the fee charged by a lender for borrowing money. It’s usually expressed as an annual percentage rate (APR) that includes all fees and costs associated with the loan, such as closing costs and points. When…
Symple Loans is disrupting Canada’s personal loan landscape with rates as low as 6.99 per cent There’s a new lender in town offering an alternative to the big banks and fintech incumbents in Canada. And it’s poised to disrupt how Canadians with the strongest credit scores borrow. Symple Loans — which launched last year in Canada…
A car is something that a lot of people need but not everyone can afford. There are many ways to finance a car, and the best way depends on your individual situation. You can get a car loan from a bank or other financial institution, or you can finance the car through the dealership. If…
*Disclaimer: The Rate is the same as the APR for Symple ‘s loans and the expression Rate is used for the APR in the advertising for Symple. All loans are subject to credit and underwriting approval. Symple Loans’ loans range from $5,000 – $50,000 with terms from 1 – 7 years. The Rate as the APRs range from 6.99% to 32.00% and will depend on our assessment of your credit profile, financial position, and ability to service additional loan commitments. Maximum APRs are inclusive of the maximum interest rate and loan establishment fees. Loan establishment fees range between 0 – 5% and are based on the applicant’s credit profile. In the event of a missed or late payment, a late payment fee of $45 may be applied and is not included in the APR calculation. The APR shown on this page are for illustration only, the APR of any specific loan will be set out in the disclosure issued at the time of notice of approval.
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