Will the loan affect my credit score?

Applying for the loan will not require a credit check so it will not affect your score in any way. Once your loan is processed, your loan performance will be reported to a credit reporting agency. This will affect your score positively if you maintain your loan obligations but will negatively effect your score if you default on the loan.

Our Top Questions
What information is required to be approved for a loan?

What information is required to be approved for a loan?

The consumer will need to provide their vehicle information including the year, make, model, and mileage. In addition to this, questions regarding the vehicle’s history and usage may be asked. You will not need to provide any personal information of any kind.

Will the loan affect my credit score?

Will the loan affect my credit score?

Applying for the loan will not require a credit check so it will not affect your score in any way. Once your loan is processed, your loan performance will be reported to a credit reporting agency. This will affect your score positively if you maintain your loan obligations but will negatively effect your score if you default on the loan.

Can I use the repair loan at an auto body shop?

Can I use the repair loan at an auto body shop?

Yes! As long as the repair is for a collision or a rust repair and is completed by an authorized Go To Loans facility. Unfortunately, these loans cannot be provided for any non essential repairs such as customizations.

What information do I need to provide to have the loan funded?

To have your Repair Loan funded, you will be asked to upload a photo of your drivers license, your automobile insurance policy, your vehicle ownership and a copy of a void cheque. If you are using your mobile phone, you can take a photo and upload these items directly through our website. 

Do you check credit or need proof of income?

No! these loans do not require a credit check or any type of income confirmation.

Will you pay the vendor directly?

Yes, all payments are made directly to the vendor.

Frequently Asked Questions

Do you have questions about our products and services? Find the answers below.
Auto Repair Loans
What is an Auto Repair Loan?
An auto repair loan is a service offered to consumers in order to assist them with the financial burden of repairing and maintaining their vehicle. Auto repair loans do not require any credit checks or income verification as your vehicle is used as collateral for the loan. These loans can be used for mechanical repairs, collision and rust repairs, and even the purchase and installation of rims and tires.
What is the maximum loan amount I can borrow for Auto Repair Loan?
The minimum loan available is $500 and a maximum of $10,000
Is the loan open? Can it be paid off at any time?

This loan is fully open so you can pay it off without any penalty. If you ever want to pay off the balance, just let us know and we can withdraw the balance of the loan electronically from your bank account. By paying a loan off early, you can save a significant amount of interest. 

Can I use my loan to buy rims and tires?

Yes! Loans can be provided for rims, tires or both as long as they also include the installation. 

Can I use the repair loan at an auto body shop?

Yes! As long as the repair is for a collision or a rust repair and is completed by an authorized Go To Loans facility. Unfortunately, these loans cannot be provided for any non essential repairs such as customizations.

Where can I find an authorized GoTo Loans Repair facility near me?

As soon as your email is verified, you will be able to view a list of all authorized vendors which are local to you. 

What information is needed to get an Auto Repair Loan?

In order to be approved, we will need to know some details regarding the vehicle being repaired including: the year, make, model, and mileage. In addition to this, questions regarding the vehicle’s history and usage may be asked. No personal information of any kind needs to be provided in order to recieve an approval. If the loan is accepted, the customer will need to provide a photo of their Drivers License, Vehicle Ownerhsip, Vehicle Insurance, and a copy of a Void Cheque. All of these pictures can be uploaded securly directly on our site.

How long does it take to qualify for an Auto Repair Loan?

Getting approved takes just a minute! Once you provide us the vehicle details, your maximum loan amount that you are qualified for will be instantly calculated and displayed. 

 

Will you finance rim and tire packages?

Yes, any rim or tire package that will fit the vehicle qualified for a repair loan can be financed.

Can you send money directly to my bank account?

All loans are funded electronically directly to the vendor. 

How is the money paid out to the vendor / mechanic facility?

Once a loan is successfully processed, Go To Loans will send an electronic payment on the same day directly into the Vendor's bank account which was provided during the registration process. Depending on who you bank with, it will take 1 to 5 business days for the funds to appear in the account.

General Questions
How long will the loan approval process take?

The loan approval process is quick and simple through our online Vehicle Evaluation. The loan approval is instant and once the consumer accepts the terms, the loan will usually be processed before the car is ready to be picked up.

Do you check credit or need proof of income?

No! these loans do not require a credit check or any type of income confirmation.

Will the loan affect my credit score?

Applying for the loan will not require a credit check so it will not affect your score in any way. Once your loan is processed, your loan performance will be reported to a credit reporting agency. This will affect your score positively if you maintain your loan obligations but will negatively effect your score if you default on the loan.

What information is required to be approved for a loan?

The consumer will need to provide their vehicle information including the year, make, model, and mileage. In addition to this, questions regarding the vehicle’s history and usage may be asked. You will not need to provide any personal information of any kind.

What information do I need to provide to have the loan funded?

To have your Repair Loan funded, you will be asked to upload a photo of your drivers license, your automobile insurance policy, your vehicle ownership and a copy of a void cheque. If you are using your mobile phone, you can take a photo and upload these items directly through our website. 

Where can I get my car repaired?

You will need to have your vehicle repaired at any Go To Loans authorized service center. If you are currently at a GTL repair facility, you'll be linked to the center as you register. If you're at home, you can choose an authorized service center closest to you from our list, as you create your customer profile after verifying your email.

How does Go To Loans differ from Payday Loans?

Go To Loans is not a payday loan lender and does not operate in the payday lending industry. Loans offered by Go To Loans are substantially cheaper and you have anywhere from 12 months to 48 months to repay the loans compared to payday loans which are usualyl required to be repaid within 2 weeks. Payday loans are also unsecured personal loans while a repair loan requires your vehicle to be used as collateral.

What are the rates and fees of a repair loan?

All loans include lien search ($29), lien registration ($29 + $10 for each or partial year of the loan term ) and processing fees that include insurance verification of $20 (as applicable) and administration fees of $50, where total fees are dependant on the term of the loan. The loans are then calculated at an annual interest rate of 29.95%

I already have loan with Go To Loans, can I apply for another?

Yes, Go To Loans does not have any restrictions on the number of loans you maintain as long as together the value of all loans are not greater than what is permitted to be leant against the vehicle and none are in default.

Will you pay the vendor directly?

Yes, all payments are made directly to the vendor.

How long can I take to pay off the loan?

Although you can pay off the loan at any time, loans that are below $750 can qualify for a maximum term of 24 months and loans above $750, up to $10,000, qualify for a term up to 48 months.

How do I make my loan payments?

All loans are set up using preauthorized payments through your bank account. Unfortunately, we do not accept payments in the form of cash, cheque or credit cards.

Are there any upfront costs I need to pay?
All of the fees to process the loan will be added to the total loan amount so you don’t need to pay it upfront. You may need to pay something upfront if the amount of your loan is less than the total cost of the repair. In this case, you will need to pay for the difference between the loan amount and the repair amount.
Will I save money if I pay off the loan early?
YES! This is a fully open-ended loan so you only pay interest for the time you are borrowing the money. The earlier you pay the more you save!
Can I use a repair loan to buy parts?
A repair loan requires the installation of all parts to be conducted at the repair center in order to qualify – a loan cannot be provided for parts only.
What is required in order to get the loan?

Once you agree to the loan structure, you will then need to provide your personal information. This step will require you to take some pictures of your drivers license, vehicle ownership and insurance, and a void cheque. Once all of the pictures have been uploaded to our system and verified by Go To Loans, you will then need to electronically sign the loan contract.

I am not receiving any emails from GoToLoans

If you're not receiving emails from us, it's likely due to your spam filter, but it may also be one of the few reasons below. With luck one of these will either identify the problem so it can be fixed, or provide more clues to figure out the cause.

1. Have you looked in the “All Mail” label for the missing messages? What about “Trash” (or “Bin”, but not “[imap]/Trash” or anything else)? What about “Spam”?

2. Have you used the Search Mail function (with the term “in:anywhere”) at the top of the page to look for the missing messages?

3. Is the account full? Looking below the inbox, how much space, out of how much total, does it say is being used?

4. Did the senders get any sort of bounced/failed/rejected messages returned to them (post the full headers here)? If you still haven't been able to solve this issue, contact us at help@gotoloans.com or use the live chat.

5. Have you tried sending yourself a test-message from a non-Gmail account? Have you tried sending a test-message to that non-Gmail account and replying? Does either direction work?

Privacy & Security
is my information protected and safe with you?

Yes, all personal data is protected by our secure network. We protect this data with multiple layers of security, including leading encryption technology like HTTPS and Transport Layer Security. We continuously monitor our services and underlying infrastructure to protect them from threats, including spam, malware, viruses, and other forms of malicious code.

We never give access to your data or our servers that store your data or onsell your information to third parties. Please read our Terms of Agreement and Privacy Policy to learn more. 

Do you have a privacy policy and terms agreement?

Yes we do, to access the full Privacy Policy and Terms of Agreement click here. You may also scroll to the bottom of every page to click on the link to read it.

Repair Center
What information do you need for to register as a Go To Authorized vendor?

The sign-up process is quick and easy. Once you go to our registration page located here and provide all of the contact details of the company, you will then be required to upload the following documents; either a master business license or articles or incorporation, a picture of your storefront, and a copy of a void cheque to be used as the account which the funds will be sent to. Before submitting your first loan, you will be required to review and accept the terms and conditions.


View a copy of the Go To Loans Vendor Agreement

What are the benefits of being a Go To Authorized vendor?

You can begin the activation process to become a Go To Authorized vendor for FREE here and once you are activated, you will get access to an online lending platform which allows you to offer on-the-spot financing to your consumers for all of their vehicle repairs. You will also be provided with free marketing support to ensure your clients are aware of their new payment option as soon as you active. 

How much do I need to invest to become an Authorized vendor?

Although the cost of becoming a Go To Authorized vendor is free, it will require you and your staff to commit to at least a half hour of training to get to know the platform and understand how to process a loan.

Can you service corporate accounts with multiple locations?

Go To Loans can service all sizes of accounts from single location repair centres to multi franchise locations. In order to register as a Go To Authorized vendor, each location will be required to complete the activation form located here.

What types of repairs are covered under a Go To Auto Repair Loan?

Go To Loans can will provide consumers with a loan towards any vehicle repair including collision and rust repairs, rims and tires, electrical repairs, and all mechanical repairs. Unfortunately, a repair loan cannot be provided for parts only as it must include the installation of any parts purchased.

As a vendor, what documents am I required to sign with each loan?

Once the repair has been completed and the vehicle is ready to be picked up, the consumer will electronically sign the repair loan agreement. Once they sign, you will get get an email notifying you to sign the agreement as well. Once this step is done, you will be sent an email with a verification that the payment was sent to you electronically. 

As a vendor, how involved do I need to be during this process?

Once a consumer provides all their required information into the system, you will then be required to upload pictures into the system. You will be required to take photos of the following, the 4 sides of the vehicle, the VIN, odometer and ignition key. In addition to this, you will be required to upload a copy of the repair invoice signed by the customer. 

When the vehicle is ready to be picked up you will be required to electronically sign a document confirming the repair was complete and you are assigning your rights to Go To Loans.

Once the document is electronically signed, the funds for the repair will then be sent directly to your bank account. To watch a video on the process, click here.

How quickly does the customer qualify for the repair loan?

A consumer can be qualified instantly once they provide their vehicle information. They don’t need to provide any personal information in order to get an approval. Go To Loans does not require any credit checks or income verification to be conducted in order for a consumer to receive a loan.

How are loan applications submitted?

If your customer requests to finance their repair, you can assist them by starting the process online through your account. Once the application process has started, the consumer can then continue the process from their home computer or phone.

I submitted incorrect info on my application, how do I change it?
As long as the loan has not yet been funded, any information that needs to be edited in an application can be changed by you or the consumer.
What are the loan amounts provided?

Go To Loans offers auto repair loans from $500 to $10,000.

Do you offer after hours customer service?

You can submit inquiries 24/7 directly to Go To Loans through the Live Chat located at the bottom right of your screen. Messages will be responded to during normal business operating hours. 

Does Go To Loans provide vendor marketing support?

As soon as a vendor is activated on the platform, they will receive a free “dress up kit” to promote this new service offering. The free kit includes; flags, posters, brochures, sticker and other supplies needed to promote repair loans. For a small additional cost, Go To Loans can provide further marketing collateral as needed to any vendor.

Can I use the Go To Loans logo in my advertising and marketing?

We are happy to work with vendors on their promotions. If you wish to use Go To Loans logos on your website or within your marketing promotions, please get in touch with us at info@gotoloans.com and tell us what you require. 

How can information in the Vendor Locator be updated?

Simply login to the Vendor dashboard and go to Profile > Business Profile, where Logo and Storefront Images can be updated, and go to Profile > Services & Description, to choose all relevant Services that will show up in customer searches and to complete a Description of up to 500 characters that will be showcased to prospective customers.

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