Carloans.com Reviews

We decided to test the application process for CarLoans.com and headed over to the site to get started. The homepage is very clearly laid out, making it obvious how to start the process.

After entering our basic information and selecting ‘Continue My Application’ we were taken to the first page of a four step application process. The first page asked for simple personal information, including our name, phone number, email address and zip code.

The following page shown asked for address, current housing situation, employment and income details. This was followed by a page asking for our SSN, date of birth, bank account type, and whether we had filed for bankruptcy in the past 3 years.

At this point we had to check the box detailing that we were happy to submit to a hard credit pull, knowing that this would slightly decrease our credit score. We agreed to this and the credit check was undertaken.

The final stage of the four part application concerned the vehicle that we wanted to buy. We completed the form and hit ‘Complete Application’. The application was completed within 30 seconds, at which point we were shown offers that were available to us.

The application process was very quick and easy to complete. However, we would have preferred visibility of lending partners and more information on loan details prior to starting the process.