Make Sure You Understand These Financial Terms Before Getting a Loan

Make Sure You Understand These Financial Terms Before Getting a Loan

For this post, we’ve teamed up with our partners at Fairstone  Let’s face it, finances can be confusing. When you apply for a loan, you’ll be faced with loan terminology, and it can be intimidating if you don’t understand what the terms mean.  In honour of Financial Literacy Month, our… Read More


Can I Pay Off My Loan Early?

Can I Pay Off My Loan Early?

There are certain times in life where a little financial help would be helpful. Whether it’s to purchase a car, buy a home, or cover the cost of college tuition, a loan can certainly come in handy from time to time.  Of course, when you take out a loan, you’ll… Read More


How Can I Get a Lower Interest Rate on a Loan?

How Can I Get a Lower Interest Rate on a Loan?

For this post, we’ve teamed up with our partners at Fairstone. Picture this: You want to buy a car in the next few months, but know you’ll need a loan to cover some or all of the cost. This is a good opportunity to start increasing your credit score. Why?… Read More


Loan Away With Loans Canada

Loan Away With Loans Canada

From personal loans to cover the cost of a large expense to short term emergency loans to help deal with an unexpected event, Loans Canada can help you move away from unhelpful or unaffordable financing and gain access to the best options for your needs. Getting approved for a loan… Read More


Can I Use a Personal Loan For Emergencies?

Can I Use a Personal Loan For Emergencies?

For this blog, we’ve teamed up with our partners at Fairstone Almost half of Canadians are $200 away from not meeting their financial obligations each month. You’re not alone if you fall into this category, but being cash strapped can make it difficult to tackle unexpected expenses. … Read More


Have You Made These Mistakes on a Personal Loan Application? 

Have You Made These Mistakes on a Personal Loan Application? 

Applications for personal loans can be daunting, sometimes there is so much to read and interpret. For this reason, many applicants make mistakes on their application. Unfortunately, filling out an application incorrectly can result in your loan being rejected, regardless of how minuscule the error is. To better your chances… Read More


What is Negative Equity? 

What is Negative Equity? 

Equity is defined as the total value of an asset less the owed obligations. Individuals want equity in their assets to be positive because it means they will make money if they were to sell the asset. Sometimes individuals do not have the fortune of positive equity, instead, they have… Read More


What is a Lienholder?

What is a Lienholder?

If you’ve ever held a mortgage or car loan, then you’ve had a lien placed on the title of your home or automobile. And if you’ve ever been involved in a situation where you owed money to a contractor or have been involved in some sort of legal judgment… Read More


What is a Balloon Payment?

What is a Balloon Payment?

Balloon payments are a non-traditional form of financing that involves little to no payments at the beginning of the loan’s term followed by a substantially larger lump sum payment due at the end of the loan’s term. Typically borrowers who want to use this type of financing must have great… Read More


Note:

All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster.

Loans Canada and its partners will never ask you for an upfront deposit, upfront fees or upfront insurance payments on a loan. To protect yourself, read more on this topic by visiting our page on loan scams.