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What is EMP?

Easy Monthly Payments (EMP) is a repair financing solution that allows consumers to leverage the value of their vehicle to pay for its repairs. All loans are instantly approved without any credit checks or income verification, based on the value of your vehicle. The program allows you to repay the loan conveniently over 36 months with the option to pay off the balance at any time without any penalties.

What are the benefits of EMP versus a Credit Card

When you use EMP to pay for your repairs, you keep money in your bank account and available balance on your credit card. With rates comparable to most credit cards, EMP is a great way to pay for repair bills.

What can I use the EMP loan for?

An EMP loan can be used towards all repairs and maintenance of your vehicle, including the purchase of tires, rims and other accessories installed on your vehicle. The applicable labour charges and taxes are also eligible to be included in the loan. Counter purchases of tires, rims, parts and accessories without installation are not eligible for EMP.

How do I know how much I am eligible for?

Use our calculator at to find out the loan value you would be eligible for. Remember, the approval is instantaneous and there are no credit checks or income verification involved.

What if I have a poor credit score?

The EMP loan is based on the value of your vehicle and not your credit profile. Hence, there are no credit checks involved.

What are the terms of the EMP loan?

The EMP loan program is designed to ensure the monthly payments fit your budget. Loans, up to a maximum of 25% of the value of your vehicle, are instantaneously approved with a 36-month repayment term. You will have the option to pay off your loan early or make lump sum payment whenever you have surplus cash.

What is the interest rate you charge? Are there any additional fees?

We charge an interest rate of 19.99% per annum, which is comparable with or in many cases, lower than interest rates charged by credit card companies. The only other additional cost is a $99.95 one-time charge to cover our administration costs related to the set up of the loan.

Can I pay off my loan early or make lump sum payments when I have surplus cash on hand?

Yes, of course! We encourage you to pay off your loan as soon as possible. You may do so by calling our helpline, and an advisor would be happy to help you with your request. Remember, there are no penalties or costs associated with paying off your loan early or making lump sum payments.

Do I need to own the vehicle? What if my vehicle is financed or leased?

Your vehicle should be either owned or leased by you. If your vehicle has been financed by another financial services company, your vehicle would still qualify for an EMP loan. You will need to provide us with a copy of the proof of ownership that has your name on it. If you live in the Province of Ontario, you will need to provide us with a copy of the current Insurance on the vehicle as well.

If I am self-employed, will I qualify for an EMP loan?

Yes, if you are self-employed, you will still qualify for an EMP loan. The EMP loan is approved based on the value of your vehicle and not your credit or income information.

How do I make payments?

Payments are set up monthly to be taken directly out of your bank account on file. If you need to make additional payment or a full repayment, please contact our help line, and an advisor would be happy to help you.

Will you install a GPS in my vehicle?

No, we will not install a GPS in your vehicle.

What if I sell or trade in my vehicle before I pay off my loan?

Your loan must be paid out if your vehicle is sold or traded in. Prior to selling or trading in your vehicle, please call our helpline and one of our advisors would be happy to help you, including providing you with a payout statement or financing your new vehicle through autologiQ.

Will my vehicle be subject to a lien?

Yes, since the loan is based on the value of your vehicle and not your personal credit history, your vehicle will be subject to a repair lien pursuant to applicable provincial legislation, until the loan is fully paid off.

Can I get the repair or maintenance work done at any service centre of my choice?

You can get the repair or maintenance work done, including purchase and installation of tires and rims, at any service centre that is an authorized service provider on the autologiQ platform. autologiQ has a network of service providers that are approved to carry out work on your vehicle that would be paid for using the EMP loan. The loan amount specific to the invoice issued to you will be disbursed directly to the service provider once you complete the required documentation.

If you have a preferred service centre that is not listed as our authorized service provider, please let us know and we will work with them to provide you an EMP option.

Who is Rifco?

Rifco National Auto Finance Inc. is a service provider that administers the autologiQ EMP loan portfolio, including collecting the monthly payments directly from your bank account. You may see their name appear in your bank statements against the monthly payments charged to your account.

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