LendCare Reviews, Ratings And Fees February 2023

Based on 22
Customer Reviews
1315 Pickering Parkway, 4th Floor
Pickering, Ontario
L1V 7G5
  • Monday to Friday 9 am - 9 pm (EST) 
  • Saturday 9 am - 2 pm (EST)

Who Is LendCare

LendCare was first established in 2004 as a financial service company in Pickering, Ontario and Montreal, Quebec. They’ve partnered up with multiple businesses across Canada in order to offer affordable financing options to consumers. They offer loan terms up to 5 years with flexible payment options so that any consumer can find a solution that meets their needs and fits within their budget. Their customer base is mainly comprised of non-prime consumers, meaning even if you have bad credit, you may still be eligible for a loan with LendCare.  

What Can You Finance With LendCare? 

LendCare provides financing options to help consumers cover big purchases. Consumers can finance items from a number of industries including: 

  • Auto and Recreational Vehicle Financing 
  • Powersports Financing
  • Home Improvement Financing
  • Retail Financing
  • Boat and Watercraft Financing
  • Healthcare Financing
  • Veterinary Financing 

It’s important to note that in order to finance your item, you’ll have to make a purchase through one of LendCare’s partners. While this may seem limiting, LendCare has a huge network with over 6000 partners you can shop from.

Who is Eligible For a Loan With LendCare? 

LendCare accepts a wide variety of credit profiles. Like many other bad credit lenders, they likely look at other financial factors to determine whether you qualify for a loan. In fact, rather than focusing on your credit history, these lenders will look at your current overall financial health. This includes your income level, job stability, and your debt-to-income ratio.

Costs of Getting a Loan With LendCare

LendCare offers flexible financing solutions with terms of up to 5-years. Depending on the rate and the term length you get, the cost of your loan will vary. When getting a loan, it’s important to understand how these two factors will affect the cost of your loan. 

  • The Interest Rate – When calculating the cost of borrowing, be sure to ask for the annual percentage rate (APR). An interest rate simply represents the amount you’re charged for the loan, but an APR includes all the costs associated with the loan. This includes fees such as administrative fees, loan origination fees, and other service fees such as loan insurance. These fees can significantly increase the cost of your loan, so it is essential that you find out the APR, not just the interest rate. 
  • The Term Lenght – As mentioned, LendCare offers financing with terms up to 5 years. Depending on the term length you choose, the amount of interest you pay will vary. In general, the longer your term, the more interest you’ll pay over the course of the loan. Of course, depending on your financial situation, it may be better to opt for a longer-term as it comes with lower monthly payments. 

Benefits of Working With LendCare

  • Lower Requirements – Unlike banks and other traditional financial institutions, LendCare works with consumers with all types of credit profiles. Those with low and high credit are eligible for financing with LendCare. 
  • Customer Service – LendCare customer support can be accessed in numerous ways including live chats, email, and over the phone. Whether you need an answer to a quick question or an in-depth conversation about your needs, you’ll find the support.
  •  Flexible Solutions – LendCare understands that everyone’s financial situation is not the same. That’s why they provide flexible and customizable financing solutions that work with you.  

LendCare FAQs

Can I get a business loan with LendCare? 

No LendCare does not offer business loans. Rather it provides businesses with an innovative solution to increase sales. Businesses can offer their clients financing options for their products through LendCare. By offering financing options, they increase their customer’s buying power, which results in higher sales. 

Can I pay my loan early?

Yes, you’re free to make extra payments or pay off the loan in full at any point in time without penalty. 

What payment frequency does LendCare offer?

You can choose to make your payments monthly or bi-weekly. Payments will go toward the interest and loan balance. 

How do you get a loan with LendCare?

If you need to finance a purchase, simply reach out to LendCare’s customer service department. A representative will walk you through the process. 

Bottom Line

Whether you’re looking to purchase a car, a boat, a washing machine or some other major expense, LendCare has a solution for you. With 5 year terms and affordable rates, you’ll be able to finance your purchase without overextending your wallet. Moreover, LendCare offers its services to borrowers with all types of credit profiles, so you’re rate for approval will be pretty high. 


Offered Services

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Loan Range
Rate & Terms
Product Details
Requirements & Documents

Installment Loan

Interest Rate
Term (Months)
Up to 60
Funding Time
Funding Method
Repayment Options
Bi-weekly and monthly payments available

Reviews & Ratings

See what others have to say about LendCare

Dealt with them on two occasions, nothing but good things to say about them. Money was in my account within 3 hrs once approved. Pay your loan and you... read more

- D.S (November 7, 2022)

I’d like to give a BIG shout-out to Sean Bansavatar for his respectful help in helping me figure out my situation with my personal loan THANKS A... read more

- Tina D (October 18, 2022)

This companies customer service helped me immensely with my loan. They were very informative and polite. I will be returning if another loan is needed... read more

- Josie Pembrook (September 19, 2022)

I would like to Thank Tracey. In very difficult times, her support and understanding made a stressful situation, manageable. Tracey was informative an... read more

- Cathy (February 3, 2022)

So pleased with one of their employees. I believe Naomi is one of their team leads. She was very personable, helpful and informative, and if it hadn’t... read more

- Monica H (June 4, 2021)

A big thank you to Cindy for going the extra mile to help me during these rough times in the hospitality industry. I would highly recommend LendCare t... read more

- Hazel Thompson (April 21, 2021)

Bad bad service. Not good to deal with and rude on the phone to customers. Take money but don’t help with any thing at all. Please don’t get a loan fr... read more

- Jay (March 23, 2021)

I had no problems with them. My next vehicle I finance will be through LendCare again.

- Melanie Loughren (March 22, 2021)

As much as I would like to give this company a good rating, I can’t. The customer service sucks both employee and supervisor. They are not so co... read more

- Maricar (December 18, 2020)

Paid the loan In full BEFORE the first payment was due. Instead of reporting to trans union that this was paid, the reported a missed and owing amount... read more

- Linda Nichols (November 30, 2020)

Quick and easy for resources.

- Pauline (November 23, 2020)

I couldn’t ask for a more caring, compassionate, helpful company. Since I got my carlian in Nov 2019 I have had some struggles & Lendcare is... read more

- Janelle May (November 4, 2020)

Frank has treated me very well, I highly recommend lendcare🙂👍

- RIKKI YOUNG (October 27, 2020)

I have been a customer of LendCare for 2 years now, I could never say enough great things about LendcCre they helped achieve and get what I needed in ... read more

- Bradley samson (October 9, 2020)

I am not happy at all with the experience I had with the customer service. I had to call several times just to have an balance letter and they even se... read more

- Loredana Darwajkar (October 1, 2020)

James and the Lendcare team were very quick to help out and resolve any issues I had when paying off the balance of my loan. They sent the documents I... read more

- Julius C (September 9, 2020)

Hi.I’m so happy with selfless assistance given to me by Frank Irwin. He has always dealt with my requests with the consciousness of sense or urgency. ... read more

- Grace (September 8, 2020)

Great company to work with. Staff are very friendly and really seem to enjoy working there.

- Cheryl (September 2, 2020)

Working fast and helping me and my family with getting an RV we love.

- Adam fulton (August 25, 2020)

I have been very happy with James Harvey. He has been really good to deal with. Thank you for everything James Harvey.

- Jennifer Alkestrup (May 12, 2020)

Had the best service today from James at Lendcare. Its good to know during the Covid19 there are lenders that care and help. Thank you for going over ... read more

- Hazel Thompson (May 8, 2020)

Thank you Naomi for working with me.

- Ken MacCuish (April 17, 2020)


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