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LendCare: Overview

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.

Services & Products

LendCare Offered Services

Installment Loan

Loan Range
-
Interest Rate
-
Terms (Months)
Up to 60
Funding Time
n/a
Funding Method
n/a
Repayment Options
Bi-weekly and monthly payments available
Eligibility
n/a
Requirements & Documents
n/a

Reviews

Reviews & Rating

See what others have to say about LendCare

Stephen Reis has been so helpful this week! I’ve found myself in a financial situation and he has been very helpful getting me ahead of the game

Ester is fantastic and I highly recommend that you reach out to her. She responds to every email within a few minutes. Very respectful and kind person

I want to say a very big thank you to Nishil for patient and your time, you are the best 🙂

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

Have you had any experience with this provider? Let others know!


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