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Home Finance

Axis Auto Finance Increases Credit Facility to C$120M

by Bestloancredits
November 2, 2021
in Finance
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By Adriano Marchese

Axis Auto Finance Inc. stated Tuesday that it has expanded its credit score facility by 20% to 120 million Canadian {dollars}, the equal of round US$97 million.

The Canadian fintech lender specializing in automobile financing choices stated it additionally has lowered the borrowing prices to prime fee plus 190 foundation factors, from the earlier prime plus 2.25%.

Moreover, it has elevated the utmost advance fee to 77% from 76%.

Write to Adriano Marchese at adriano.marchese@wsj.com

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