What is a loan payout statement and how do I get one?

A loan payout statement shows the current balance of your auto loan. In most cases, Clutch can obtain your loan payment statement if your auto loan is with BMO, Scotiabank, TD, CIBC, or Royal Bank. If your loan is with another lender, you will need to contact their customer service department and request a loan payout statement to be sent to you via email.