FAQ: Preferred Loans Gonzales

How much can I borrow with an auto loan?
Auto loans are usually $5,000 or greater. The amount of money you can borrow is based on the type of vehicle, your credit, and your income.

What happens when an auto lease is coming to an end?
You have three options when you auto lease ends. You can purchase the vehicle, trade in the vehicle for the purchase or lease of new vehicle, or you can simply return your leased vehicle.

Are there any penalties for paying off my auto loan early?
No, you may pay off your auto loan at any time without penalty. You can also pay more than the minimum payment per month to get the loan paid off sooner.

How do I qualify for debt consolidation?
Almost anyone with a significant amount of debt can apply for a debt consolidation loan through the bank. These usually require good credit, but if your credit isn’t so good, you may be able to work with a debt consolidation company.

How much money can I get with a vacation loan?
Usually the amount is between $1,000 and $3,000 dollars with terms ranging from 24 to 30 months for repayment. Consider a vacation loan if you have good credit and feel confident you can make the monthly payment when you return from vacation.

What can a personal loan be used for?
The options are almost limitless. The amount you can receive depends on the purpose of the loan, your credit score, any collateral you might have, and your income. Personal loans are typically used for weddings, vacations, to fund education, to pay for an unexpected expense, home improvements, and other reasons.

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